Jakarta, CNBC Indonesia - The rupiah\u2019s weakness is not only against\nthe US dollar (USD), but also against the Singapore dollar (SGD) and\nMalaysia\u2019s ringgit (MYR). Several foreign currency exchange services, or\nmoney changers, are now quoting buy and sell rates nearly Rp18,000 per\nUSD for US dollars and nearly Rp14,000 per SGD for Singapore dollars.\nSimilarly, the ringgit has pushed the rupiah down, with rates at some\nmoney changers reaching Rp4,500 per MYR.<\/p>\n
CNBC Indonesia\u2019s monitoring at money changers in Jatinegara, East\nJakarta, and Kwitang, Central Jakarta, on Friday (29 May 2026) showed\nthe rupiah weakening against USD, SGD, and MYR.<\/p>\n
Alex, a money changer attendant in Jatinegara, said USD buy rates\nhave reached Rp17,930 per USD, with sell rates at Rp18,000 per USD. \u2018USD\nbuy rates are now Rp17,930, and sell rates around Rp18,000, depending on\nthe condition of the currency,\u2019 he told CNBC Indonesia on Friday.<\/p>\n
For SGD, buy rates at his shop are Rp13,910 per SGD and sell rates at\nRp14,010 per SGD. \u2018SGD is also high right now, almost Rp14,000,\u2019 he\nexplained.<\/p>\n
Similarly, the ringgit\u2019s rate has reached around Rp4,500.<\/p>\n
At Kwitang\u2019s Ayu Masagung money changer, buy rates for USD stand at\nRp17,825 per USD, with sell rates at Rp18,000 per USD. SGD buy rates are\nRp13,950 per SGD and sell rates Rp14,025 per SGD.<\/p>\n
A worker at Ayu Masagung said USD and SGD rates continue to fluctuate\nbased on market conditions. \u2018Rates keep changing; sell rates may now be\nRp18,000 per USD, with buy rates close to that,\u2019 the worker said.<\/p>\n
Valutama money changer in Kwitang stated that foreign currency\nexchange rates are adjusted according to internet rates, particularly\nGoogle. \u2018We don\u2019t have fixed buy or sell rates like other money\nchangers; we follow internet rates,\u2019 said Sarni, a Valutama attendant.\n\u2018USD and SGD are currently high and volatile, making it difficult to set\nreference rates,\u2019 she added.<\/p>\n
Despite SGD\u2019s rising value, money changers report that demand for SGD\nremains steady, especially before school holidays when many Indonesians\ntravel to Singapore. However, they are uncertain about the current rate\nincrease\u2019s impact on exchange volumes.<\/p>\n
Alex noted that while SGD has become more expensive, it\u2019s unclear if\nthis will reduce exchange volumes. \u2018SGD is getting pricier, so there\nmust be some impact, but exchange volumes seem normal for now,\u2019 he\nsaid.<\/p>\n
Sarni added that the SGD rise could boost demand for investment\npurposes, as it\u2019s considered a stable currency in Southeast Asia. \u2018There\nwill be an impact, probably more demand for asset protection, but the\nnumber of exchanges hasn\u2019t risen significantly,\u2019 she said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/us-dollar-singapore-dollar-and-ringgit-strengthen-against-rupiah-as-money-changer-rates-climb-1780142012", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }