Rupiah Hits Four-Year Low Amid Eid

According to Google Finance, the rupiah is currently hovering at IDR16,117 per US dollar. The rupiah first touched the 16,000 mark during trading on Wednesday (10/4/2024). At the beginning of Eid week on Monday (8/4/2024), the rupiah was observed to still hover at IDR15,913 per US dollar.

Fahmi Ahmad Burhan

14 Apr 2024 - 18.25
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Rupiah Hits Four-Year Low Amid Eid

Illustration for USD and IDR Exchange./BISNIS-BIO

Bisnis, JAKARTA — The rupiah continued weakening amid the Eid holiday, hitting a four-year low since April 2020.

According to Google Finance, the rupiah is currently hovering at IDR16,117 per US dollar. The rupiah first touched the 16,000 mark during trading on Wednesday (10/4/2024). At the beginning of Eid week on Monday (8/4/2024), the rupiah was observed to still hover at IDR15,913 per US dollar.

The rupiah’s exchange rate against the US dollar last breached IDR16,000 on April 3, 2020, during which it reached IDR16,300 per US dollar. The data from Google Finance reflects rupiah’s movement internationally as domestic trading is suspended amid the Eid long holiday.

Referring to Bloomberg data from the last trading session before the Eid holiday, Friday (5/4/2024), the rupiah closed stronger by 44 points or 0.28 percent at IDR15,848. Meanwhile, the dollar index was observed to rise by 0.11 percent to 104.010.

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