rupiah

Once the immediate geopolitical stress fades, investors are expected to rotate back into pro-cyclical, trade-sensitive currencies linked to tech and global growth, says OCBC's Christopher Wong.
BT EXPLAINS

What’s behind the Singdollar’s strength amid the Iran war – and how long will it last?

The currency has emerged as a beacon of regional stability, shielding against geopolitical volatility

The Indonesian currency fell to around 13,500 rupiah per Singapore dollar on April 16.

Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade

[SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equit...

The rupiah weakened by as much as 0.35 per cent to 17,090 per dollar on Tuesday morning, according to LSEG data.

Indonesia’s central bank intervenes in FX market after the rupiah hits a record low

The rupiah has fallen by more than 2 per cent against the dollar in 2026

The rupiah rose as much as 0.6% against the US dollar.

Indonesia rupiah rises most in six months, stocks gain in reopen

The rupiah has also weakened past Asian Financial Crisis levels to a record low

The rate has been steady since October, and the central bank omitted previously used language about seeking room to lower borrowing costs.

Indonesia tightens rules on dollar-buying as war spurs outflows

The monetary authority also needs to closely monitor inflationary pressures

Since late 2024, Bank Indonesia has stepped up efforts to stabilise the rupiah.

Bank Indonesia may defend rupiah amid volatile oil, analysts say

The central bank has pledged “firm and consistent interventions” in onshore and offshore foreign-exchange markets to cushion the currency

While the currency has since managed to recoup some of its recent losses, it’s not out of the woods.

Why Indonesia’s rupiah hit a record low in January

Analysts widely expect the currency to weaken further in 2026

The rupiah slid to 16,985 per US dollar on Tuesday ahead of a policy decision by the central bank this week, where analysts expect the BI to stand pat on rates.

Indonesia’s rupiah hits record low on central bank independence worries

The currency is down nearly 2 per cent in January after dropping 3.5 per cent in 2025

The rupiah has dropped more than 1% this month, making it the worst performer in Asia after the South Korean won.

Rupiah may sink past record low as fiscal woes erode BI support

The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency