On the spot market, rupiah weakened to Rp 14,733 per US dollar

RUPIAH - JAKARTA. The rupiah exchange rate weakened on Monday (12/22). Based on Jakarta Interbank Spot Dollar Rate (Jisdor) data, the rupiah exchange rate is at Rp 14,747 per US dollar (US). That is, the rupiah weakened 0.78% compared to the position last weekend at Rp. 14,632 per US dollar.

On the spot market, the rupiah weakened to Rp 14,733 per US dollar at 10.48 WIB. The rupiah weakened 0.37% compared to the spot position last Friday at Rp 14,678 per US dollar.

The rupiah weakened along with the weakening of the exchange rate of Asian currencies. Only the Singapore dollar has strengthened against the greenback today.

The dollar index, which reflects the exchange rate of the US dollar against world currencies, rose slightly. The dollar index was at 96.99, up from last week's position at 96.90. This index strengthened in three consecutive trading days.

The dollar strengthened as there were still concerns about the US-China trade war, Brexit uncertainty, and Italy's budget deficit. "The dollar index strengthened last week after the US mid-term elections. The dollar will continue to strengthen due to factors such as Italy's development and Brexit," Sim Moh Siong, currency strategist at Bank of Singapore told Reuters. (Translator: Barratut Taqiyyah Rafie)