Dollar at Rp 17,600/US$, BI Governor: Rupiah Remains Stable

Jakarta, CNBC Indonesia - Bank Indonesia (BI) Governor Perry Warjiyo has emphasised that the movement of the rupiah exchange rate against the US dollar remains stable at this time. Although the value has breached the level of Rp 17,660/US$, Perry stressed that in terms of volatility, the rupiah exchange rate has experienced changes of approximately 5.4%.

“We checked earlier, and year-to-date until now, it is at 5.4%, which is actually still stable,” said Perry during a working meeting with Commission XI of the House of Representatives (DPR) in Jakarta on Monday (18/5/2026).

Perry stated that BI does not specifically target a particular level or exchange rate for the rupiah against the US dollar; rather, the priority for BI is the stability of its movement. “We are not talking about the level of the rupiah exchange rate, but its stability. What we are monitoring now is what we call stability, which is the average volatility of the exchange rate over 20 days,” Perry asserted.

As is known, the weakening of the rupiah against the US dollar deepened during trading today, Monday (18/5/2026). According to Refinitiv data, at 10:20 WIB, the rupiah weakened by 1.15% to the level of Rp 17,660/US.Thispressurewasdeeperthantheopeningpositionthismorning, whentherupiahopenedweakerby0.97.

The current position of the rupiah has also moved further away from the closing position of the last trading day of the previous week, Wednesday (13/5/2026), before the long holiday. At that time, the rupiah closed stronger by 0.17% at the level of Rp 17,460/US$.

Pressure on the rupiah is in line with the continued strength of the US dollar in the global market. The US Dollar Index (DXY) at the same time was observed to have strengthened by 0.07% to the level of 99.353.