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Indonesia Among Top 5 Weakest Currencies in the World in 2024

TEMPO.CO, Jakarta - Currencies reflect the stability of a country's economy and the attractiveness of its international markets. However, some are compelled to hold weak values due to volatile economic conditions.The high or low valuation of a currency is determined by its exchange rate against the global benchmark, the US dollar, which is the most highly valued and widely traded currency worldwide. Numerous factors, such as inflation, political stability, and dependence on certain economic sectors, influence currency exchange rates in each country.Therefore, countries with the weakest currencies are a major...