Internet Prices Set Benchmark as Money Changers Quote US Dollar at Rp18,000
JAKARTA — Several licensed foreign exchange services (money changers) have begun quoting US dollar buy and sell rates nearing Rp18,000 per dollar on Friday (29 May 2026), with some relying solely on internet-based reference prices.
CNBC Indonesia monitoring shows that money changers in Jatinegara, East Jakarta, and Kwitang, Central Jakarta, have seen the rupiah weaken against the US dollar. The average buy rate is Rp17,900/USD, with sell rates reaching Rp18,000/USD.
The Singapore dollar has also risen, with average buy rates at Rp13,900/SGD and sell rates around Rp14,000/SGD.
Alex, a money changer operator in Jatinegara, stated that US dollar rates have increased. The buy rate is Rp17,930/USD, while the sell rate is Rp18,000/USD.
“The US dollar buy rate has reached Rp17,930/USD, and the sell rate is around Rp18,000/USD, depending on the condition of the currency,” Alex told CNBC Indonesia on Friday.
For Singapore dollars, his shop’s buy rate is Rp13,910/SGD and sell rate Rp14,010/SGD.
“Dollar Singapore is also high, now nearly Rp14,000/SGD,” he added.
At Ayu Masagung money changer in Kwitang, the US dollar buy rate is Rp17,825/USD and sell rate Rp18,000/USD. For Singapore dollars, the buy rate is Rp13,950/SGD and sell rate Rp14,025/SGD.
A staff member at Ayu Masagung noted that US and Singapore dollar rates continue to fluctuate based on market conditions.
“The rates keep changing; the sell rate may now be Rp18,000/USD, with the buy rate almost reaching Rp18,000/USD,” the staff member said.
At Valutama money changer in Kwitang, staff adjust foreign currency rates based on internet benchmarks, particularly Google.
“Yes, we don’t have our own buy and sell rates; like other money changers, we follow internet references,” said Sarni, a Valutama operator.
Given the high volatility of the US and Singapore dollars, setting fixed rates has become challenging.
“Both the US and Singapore dollars are currently high and fluctuating significantly, making it difficult to set reference rates,” Sarni explained.
Here are the latest buy and sell rates for several foreign currencies at selected money changers:
- Jatinegara, East Jakarta Money Changer
US dollar: buy Rp17,930/USD, sell Rp18,000/USD
Singapore dollar: buy Rp13,910/SGD, sell Rp14,010/SGD
Saudi riyal: buy Rp4,600/SAR, sell Rp4,700/SAR
Malaysian ringgit: buy Rp4,425/MYR, sell Rp4,530/MYR
- Ayu Masagung, Kwitang, Central Jakarta
US dollar: buy Rp17,950/USD, sell Rp18,000/USD
Singapore dollar: buy Rp13,950/SGD, sell Rp14,025/SGD
Saudi riyal: buy Rp4,600/SAR, sell Rp4,775/SAR
Malaysian ringgit: buy Rp4,475/MYR, sell Rp4,550/MYR
- Valutama, Kwitang, Central Jakarta
US dollar: buy Rp17,850/USD, sell Rp17,900/USD
Singapore dollar: buy Rp13,850/SGD, sell Rp13,900/SGD
Saudi riyal: buy Rp4,600/SAR, sell Rp4,650/SAR
Malaysian ringgit: buy Rp4,450/MYR, sell Rp4,500/MYR