Indonesian Rupiah Falls to Record Low Against US Dollar
The central bank ended seven months of steady rates after the rupiah fell to 17,900 per dollar, with stocks and bonds also under pressure.
- On Thursday, June 4, 2026, Indonesia's rupiah hit its weakest level ever against the dollar, breaching the psychological 18,000 threshold and touching 18,028 despite recent central bank support efforts.
- The rupiah has tumbled more than 7 per cent this year, making it Asia's worst-performing currency, as surging oil prices from the US-Israel war on Iran strain the net oil importer's economy.
- Permata Bank chief economist Josua Pardede said an exchange rate of 18,000 was a "psychological threshold" for market investors; Josua told AFP that rate hikes and interventions are "not enough to reverse the rupiah's depreciation."
- Bank Indonesia hiked rates by 0.5 basis points to 5.25 per cent last month, the first increase in two years; spokesman Ramdan Denny Prakoso said Wednesday the bank continues using "all available policy instruments" to "maintain adequate foreign exchange liquidity."
- Indonesia's current account deficit widened to $4 billion in the first quarter of 2026, while the overall balance of payments recorded a historic $9.1 billion deficit; senior analyst Ronny P Sasmita warned stabilizing the currency requires more than short-term measures.
19 Articles
19 Articles
Indonesian rupiah drops to historic low of IDR18,000 per US dollar
The Indonesian Rupiah has entered highly volatile territory, dropping to its weakest historical valuation on record as the currency broke through its psychological support wall to cross the IDR18,000 per US dollar mark.
Indonesian rupiah weakens beyond 18,000 per dollar
Indonesia's rupiah rout is not just about the dollar
The wave of currency depreciation that battered Indonesia’s foreign exchange market throughout April and May 2026 has pushed the rupiah to record lows, dangerously close to a new psychological threshold of 18,000 against the US dollar. When the currency broke past 17,000 in early April, it stoked painful public memories of the 1997–1998 Asian financial […] The post Indonesia’s rupiah rout is not just about the dollar appeared first on Asia Times.
Channel News Asia
Indonesian rupiah falls to record low against US dollar
The unit hit 18,028 against the greenback despite recent central bank efforts to provide support.
Analysts predict that the rupiah exchange rate against the United States (US) dollar will touch the position of 17,960-180,030 on Thursday (4/6/2026).
Finance Minister Purbaya Yudhi Sadewa has spoken out regarding the rupiah's continued weakening against the United States (US) dollar.
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