US Dollar Approaches Rp18,200, Bank Indonesia Provides Latest Explanation

The weakening of the rupiah exchange rate occurring today, Monday (8/6/2026), is driven by a significant strengthening of the US dollar. The US Dollar Index (DXY) has breached the 100 level.

Bank Indonesia Senior Deputy Governor Destry Damayanti confirmed to CNBC Indonesia that the central bank remains active in the market and is prepared to intervene to maintain rupiah stability. “BI will continue to manage rupiah movements to prevent excessive fluctuations,” she explained.

According to Refinitiv data, at 09:07 WIB, seven minutes after the market opened, the rupiah weakened to the level of Rp18,100/US.By14 : 00WIB, therupiahreachedRp18, 190/US.

The Malaysian ringgit also weakened by 1.04% to MYR 4.067/US, makingtheringgitthemostpressuredcurrencyinAsiathismorning.TheThaibahtalsocorrectedby0.30, followed by the Vietnamese dong, which weakened by 0.28% to VND 26,344/US$.

The Chinese yuan also faced pressure, dropping 0.26% to CNY 6.783/US, whiletheTaiwandollarweakenedby0.15. The Singapore dollar fell by 0.05% to SGD 1.29/US$, and the Japanese yen corrected slightly by 0.02% to JPY 160.35.

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 global financial market uncertainty 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 and government external debt payments, and remains above the international adequacy standard of approximately 3 months of imports.