Rupiah Briefly Breaches Rp 17,300, BI: Other National Currencies Also Weakening
JAKARTA, KOMPAS.com - Bank Indonesia (BI) has commented on the rupiah exchange rate, which briefly weakened to Rp 17,300 per US dollar during morning trading today, Thursday (23/4/2026).
Senior Deputy Governor of BI, Destry Damayanti, stated that the rupiah exchange rate is under pressure from rising global uncertainties that are also impacting regional currencies.
However, the central bank views the weakening of the Garuda currency today as still in line with other currencies in the region, which are also depreciating against the US dollar.
“The rupiah’s movement remains in line with the region, with a year-to-date weakening of 3.54 per cent,” she said in a written statement to the media on Thursday.
Nevertheless, Destry said that BI will continue to increase the intensity of interventions in the financial markets to maintain rupiah exchange rate stability.
In addition, the central bank is working to strengthen the structure of interest rates on pro-market monetary instruments to preserve the attractiveness of domestic assets amid the ongoing impact of the Middle East conflict.
BI is also purchasing Government Securities (SBN) in the secondary market and maintaining adequate foreign exchange reserves, which currently stand at around US$148.2 billion as of the end of March 2026.
“Bank Indonesia is always present in the market and will continue to take necessary steps consistently and measurably to maintain rupiah exchange rate stability,” she emphasised.
As of 09:35 WIB, the rupiah was at Rp 17,310 per US dollar. This represents a weakening of 0.74 per cent compared to the previous day’s close at Rp 17,181 per US dollar.
This weakening makes the rupiah the currency with the deepest depreciation in Asia. As of 09:35 WIB, almost all Asian currencies weakened, with the Philippine peso performing one level better than the rupiah after falling 0.57 per cent.
Meanwhile, the Hong Kong dollar was the only Asian currency to strengthen, rising 0.02 per cent.