JAKARTA - The rupiah exchange rate on the spot market was closed lower on Monday, August 3 trading. The rupiah closed down 0.21 percent or 30 points to a level of Rp14,630 per United States dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said the spread of the COVID-19 virus was still increasing and the second wave revealed negative sentiment towards the rupiah today.
"From within the country itself, the epidemic situation is still increasing which has the potential to disrupt economic recovery," said Ariston to VOI.
This afternoon, currencies in the Asia Pacific region weakened the majority against the US dollar, led by the Indian rupee which depreciated 0.28 percent, followed by the rupiah.
Then the South Korean won fell 0.20 percent. The Taiwan dollar and the Philippine peso weakened 0.19 percent and 0.09 percent, respectively.
Singapore dollar is seen weakening 0.06 percent. And the Chinese yuan also corrected 0.03 percent against the US dollar.
Meanwhile, the stronger currency led by the Malaysian ringgit which lifted up 0.27 percent. The Thai baht and Japanese yen gained 0.11 percent and 0.07 percent, respectively.
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