Dollar Breaks Through to Rp 17,000: Here Are the Issuers That Gain and Lose

The rupiah’s movement today, Wednesday (1 April 2026), briefly collapsed and touched the psychological level of Rp 17,000/US$1, weakening by 0.06%. The rupiah’s depreciation can have both positive and negative impacts on company balance sheets. Several factors causing the rupiah’s plunge include sentiments of fear over worsening global inflation and the release of Indonesia’s inflation data, which was announced at 3.48% year-on-year for March 2026. Additionally, the potential budget deficit reaching 3% due to unchanged fuel prices remains a major concern, leading to further weakening of the rupiah’s value. Furthermore, the rupiah’s sluggishness is influenced by capital outflows. The weakening rupiah naturally affects companies engaged in exports and imports. Companies involved in exports will certainly benefit from the rupiah’s depreciation due to the exchange rate differential they receive. The following are some shares that benefit from actively conducting exports. Commodity-based shares such as mining and palm oil are also largely advantaged if the rupiah strengthens because they use local raw materials but export them, thus earning income in US dollars. Among them are PT Alamtri Resources Indonesia (ADRO), PT Bayan Resources (BYAN), and PT Medco Energi Internasional Tbk (MEDC). It can be seen that the rupiah’s fall drives the rise in shares of companies heavily involved in exports. It is known that the rupiah has weakened by 1.98% since the end of December until trading today, Wednesday (1 April 2026), at the level of Rp 17,000/US$1. In addition to the issuers that benefit, there are also issuers that are disadvantaged by the dollar’s fall. Not only from import transactions but also from holding debts in US dollars. As the US dollar increases, this can certainly drive up the company’s burden in paying debts in US dollar units. The following is a list of shares that lose when the rupiah plummets.