The weakening of the rupiah against the US dollar is influenced by external factors. BI is still stabilizing through intervention.

Throughout the first quarter of 2024, the rupiah currency was still under pressure and depreciated by around 3 percent. Weakening is predicted to continue in early April. The policy direction of central banks in reducing interest rates to the weakening of domestic economic conditions is the reason.

The rupiah exchange rate against the US dollar until the close of trading Thursday (28/3/2024), as quoted from Bloomberg, weakened 1.5 percent to Rp. 15,856 per US dollar. Throughout the first three months of 2024, the decline in value or depreciation of the rupiah has reached 3 percent from around IDR 15,400 at the beginning of the year.

Director of Laba Forexindo Berjangka, Ibrahim Assuaibi, in his analysis report estimated that the rupiah will still fluctuate in a weakening trend next week or early April 2024. For Mondays (1/4/2024) trading the rupiah currency will fluctuate, but it closed weaker in the range of Rp 15,840 - Rp 15,910 ,he said in the report quoted on Friday (29/3/2024)

The Rupiah was at the level of Rp 15,856 in trading at the end of this week which ended yesterday (Thursday, March 28, 2024), before the long weekend and Friday market holiday, it closed stronger by one point despite previously weakening by 20 points.

Source : Kompas

Mar 30, 2024