Rupiah Closes In Early Week, Gaining 10 Points To IDR14,850 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was closed successfully strengthening on Monday, May 18 trading. The rupiah was able to slightly strengthen 10 points or 0.07 percent to the level of Rp14,850 per US dollar.

Monex Investindo Futures Head Researcher Ariston Tjendra previously said that the strengthening of the rupiah against the US dollar was also helped by the large stimulus issued by the US Central Bank which increased the liquidity of the US dollar in the market. The Fed has spent approximately 2 trillion US dollars for the purchase of bonds.

Until 15:00 WIB, apart from the rupiah, there are only two currencies in Asia that are in the green zone. Meanwhile, the majority of other currencies weakened against the US dollar.

The Thai baht became the region's biggest strengthening currency after gaining 0.12 percent. The Singapore dollar was also in the green zone after edging up 0.05 percent.

Meanwhile, the Indian rupee was the currency with the deepest weakness after falling 0.45 percent. Then there was the Philippine peso and the Taiwan dollar which weakened by 0.31 percent and 0.19 percent, respectively.

Furthermore, the Malaysian ringgit and Chinese yuan were corrected by 0.17 percent and 0.16 percent, respectively. The Japanese yen is also in the red zone after depreciating 0.12 percent. This was followed by the South Korean won and the Hong Kong dollar which rose 0.11 percent and 0.01 percent, respectively.