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Rupiah Weakened, 2 of 6 National Banks Start Selling Dollars Above IDR 14,200

Rupiah exchange rate against US Dollar get weakened. BI has sold 1 US Dollar valued at IDR 14,172. 2 from 6 other top Indonesian banks also rises. Witriana
Exchange rate of American Dollar has risen. - Rupiah exchange rate against US Dollar, has continued to weaken these past two months.

Until Saturday (11/30/2019), Bank Indonesia's middle rate was recorded at IDR 14.102, up 2.99 from the previous day.

Rupiah exchange rate in trading this weekend was weakened 0.04% to the level of IDR 14,100 per US dollar.

Kursonline site, BI has sold 1 US Dollar valued at IDR 14,172.

In fact, 2 (Mandiri and CIMB) from 6 other top Indonesian banks (BCA, BNI, Panin, BRI), have sold one dollar above IDR 14,200 to IDR14,230.

Two currencies that are also widely traded in Indonesia, Singapore Dollar (IDR 10,378) strengthened 2.20 to 3.31 compared to the previous period.

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Euro (IDR 15,606) even strengthened dramatically 11.82.

After the inauguration of Jokowi-Ma'ruf, 23rd October 2019, Garuda's currency was once strong at IDR 13,900.

However, for the past 3 weeks, since 8th November 2019, rupiah trend has continued to weaken against US dollar. ( Hastin Pinakesti)

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