Mighty Rupiah, Strengthens To Rp13,660 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate is closed stronger today, Monday 17 February. The rupiah closed strong 0.24 percent to a level of Rp 13,660 per US dollar.

Monex Investindo Futures Head Researcher Ariston Tjendra said the action of the Chinese Central Bank to inject 200 billion yuan in funds into the financial market through medium-term loan facilities with lower interest rates, helped provide positive sentiment to risky assets, including the rupiah.

"The rupiah has strengthened amid concerns over the corona virus which could drive an economic slowdown," Ariston told VOI.

The rupiah strengthened today along with a handful of other Asian currencies. Among them are the Hong Kong dollar and the Singapore dollar.

Meanwhile, a number of other Asian currencies ranging from the Japanese yen, Taiwan dollar, South Korean won and Indian rupee have actually been sluggish in front of the US dollar.

The Philippine peso was the most volatile, weakening 0.21 percent against the US dollar.