Mighty Rupiah On Weekends, Strengthening 0.1 Percent To IDR 15,400 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate on the spot market managed to return to strength in the final seconds of trading. As a result, the rupiah managed to strengthen slightly by 15 points or 0.1 percent to the level of Rp15,400 per US dollar.

Even though throughout the day, the rupiah continues to be in the red zone. In fact, at certain hours, the rupiah becomes the currency with the deepest weakness in the Asian region.

"Recently, market sentiment has indeed been somewhat positive, in the sense that it is not as negative as it was at the beginning of the COVID-19 pandemic. The market is not as hot as it used to be," Monex Investindo Futures Research Head Ariston Tjendra told VOI, Friday, April 24.

With the strengthening at the end of this week, within a week, the rupiah has also strengthened 0.42 percent. Last Friday, April 17, the rupiah was at the level of Rp. 15,465 per US dollar.

This afternoon, the majority of currencies in the region are still in the red zone. Apart from the rupiah, there are only Taiwan dollars that feel at home in the green zone after slightly increasing by 0.003 percent.

Meanwhile, the South Korean won was again the currency with the deepest weakness after falling 0.49 percent against the US dollar. Next was the Indian rupee, which fell 0.34 percent.

Followed by the Philippine peso and Thai baht, which respectively corrected 0.29 percent and 0.28 percent. The Chinese yuan was still down 0.21 percent.