1:00 PM WIB: Rupiah Continues to Slump, US Dollar Approaches Rp18,200 Level

Jakarta, CNBC Indonesia - The weakening of the Rupiah exchange rate against the US Dollar continued through midday, with the Dollar nearly breaching the Rp18,200 level.

According to Refinitiv data, as of 09:07 WIB, just seven minutes after the market opened, the Rupiah weakened to the level of Rp18,100/US$. This position caused the Garuda currency to depreciate by approximately 0.50% against the US Dollar.

Subsequently, at 10:00 WIB, the Rupiah continued to decline, touching Rp18,150/US.By11 : 00WIB, theRupiahhadreachedtheRp18, 160level, andby13 : 00WIB, ithitRp18, 180/US. With this position, the Rupiah has once again recorded its weakest level ever against the US Dollar.

In the global market, the US Dollar Index (DXY) was actually observed to be weakening this morning. As of 09:00 WIB, the DXY fell by 0.07% to a position of 99.998. However, this position is still considered high after the DXY strengthened sharply by 0.66% in the final trading session of last week, breaking back above the 100 level.

Bank Indonesia previously reported that Indonesia’s foreign exchange reserves decreased by US$1.3 billion to US$144.9 billion in May 2026. This decline was influenced by the payment of the government’s external debt and exchange rate stabilisation policies in response to high uncertainty in global financial markets and seasonal domestic demand for foreign currency.

Overall, the foreign exchange reserve position at the end of May 2026 remains strong, equivalent to 5.6 months of imports, or 5.5 months of imports plus government external debt payments, and remains above the international adequacy standard of approximately 3 months of imports.