Jakarta, CNBC Indonesia – The exchange rate of the rupiah against the United States dollar (US) moves higher in spot market trading this morning. The good news from US President Donald Trump has even weakened his country’s own currency, so that the rupiah can walk comfortably on the green track.
Today, Friday (27/11/2020) US $ 1 is equivalent to Rp.14,080 when the spot market opens. Rupiah strengthened 0.07% compared to the previous day’s closing position.
Yesterday, the rupiah closed spot market trading by strengthening 0.28% to Rp 14,090 / US $. The US dollar was successfully lowered below Rp. 14,100 for the first time since November 18.
So far, the fourth quarter of 2020 belongs to the rupiah. Since the end of the third quarter of 2020 until yesterday, the rupiah appreciated 5.05% in front of the US dollar. The rupiah is the second best currency in Asia, only losing to the South Korean won.
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