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Several emerging-market currencies are trading at or near record lows against the US dollar, led by the Indian rupee and Indonesian rupiah. For travellers, expats and businesses, the moves are a reminder to compare rates carefully before sending or exchanging money.
The Indonesian rupiah approaches a historic low against the U.S. dollar, influenced by fiscal worries and government spending plans.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Indonesia is an archipelago of over 17,000 islands, making it the world’s largest island country. Indonesia is home to some of the most biodiverse ecosystems on the planet. The country is also home to a wide variety of cultures, wi...
Currently, USD/IDR is trading close to 17,861, which is about 2.1% above its 3-month average and holding near the middle of its recent range.
Currently, SGD/IDR is trading near the 90-day average, supported by risk-off flows and safe-haven demand. The pair is consolidating within its recent range, with US dollar strength keeping a cap on gains.
Currently, GBP/IDR is trading close to its recent highs, supported by risk-off sentiment and global safe-haven flows. The pair remains within its recent range, with downside pressure visible from broad risk-averse conditions.
Currently, EUR/IDR is trading close to its 3-month average, holding near the mid-range within a stable 7.5% span. The pair remains influenced by risk sentiment, with safe-haven flows supporting the Indonesian Rupiah.
Currently, AUD/IDR is trading close to its 3-month average, holding near recent highs within a volatile range. Risk-off conditions and a shift towards safe-haven currencies keep the pair under pressure.