Closed Tuesday Rupiah Weakening To Rp14,283 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate is again weak in front of the United States dollar (US). On Tuesday, March 3, the rupiah exchange rate closed down 0.13 percent to Rp14,283 per US dollar.

"This is because the corona factor has not disappeared. The spread is still continuing so that market concerns remain," said Head of Research at Monex Investindo Futures, Ariston Tjendra, to VOI.

This external sentiment also keeps the majority of Asian currencies in the red zone. The Indian rupee was the currency with the deepest weakness after falling 0.41 percent.

Following, the Thai baht fell 0.32 percent, and the Chinese yuan eroded 0.30 percent. Meanwhile, the Singapore dollar weakened 0.21 percent and the South Korean won depreciated 0.12 percent.

The Philippine peso and Malaysian ringgit both edged down 0.05 percent. The Hong Kong dollar also lost 0.02 percent.

Meanwhile, the Japanese yen became the currency with the largest increase after strengthening 0.33 percent. The position of the yen was accompanied by the Taiwan dollar which rose 0.27 percent.