TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsRupiah slides to record 18,000 low, 2026 losses deepen
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A teller counts Rp 100,000 banknotes on Oct. 27, 2025, at a BNI Pasar Baru branch in Jakarta. (Antara/Muhammad Adimaja)
T
he rupiah slid to a new record low of Rp 18,000 per United States dollar on Thursday, extending its losses this year to more than 7 percent and making it Asia’s worst-performing currency as rising oil prices and deteriorating trade dynamics rattled investors.
The currency came under renewed pressure amid data released earlier this week showing the country’s trade surplus nearly evaporated in April on soaring prices for imported oil and gas due to a global supply crunch sparked by the Iran War.
Brent Crude was trading around US$97 on Thursday morning, while hostilities in the Middle East erupted anew and stalled talks between Teheran and Washington stoked fears of prolonged market disruption.
“The rupiah is weakening not only because the dollar is strengthening, but because markets are increasing Indonesia’s risk premium,” Bank Permata chief economist Josua Pardede told The Jakarta Post on Wednesday.
Weaker confidence is compounding the currency’s woes and has pushed foreign investors to demand higher yields or cut exposure to rupiah assets, he added.
Bank Indonesia said it would continue monitoring global and domestic financial market developments and take necessary measures to stabilize the rupiah and strengthen external resilience.
“The central bank continues to be present in the market by optimizing all available policy instruments to ensure market mechanisms function properly and maintain adequate foreign-exchange liquidity to support financial market stability,” BI spokesperson Ramdan Denny Prakoso said in a statement on Wednesday.
