April 23, 2026 | 11:25 am
TEMPO.CO, Jakarta - Rupiah exchange rate broke the level of Rp17,200 per US dollar on Thursday morning, April 23, 2026, further weakening from the previous day, which closed at Rp17,180 per US dollar.
Quoting data from Trading Economics, as of 09:50 a.m. Jakarta time, the rupiah was recorded at Rp17,295 per US dollar, after earlier reaching Rp17,307 per US dollar.
The Rupiah depreciation level has exceeded early projections, according to Director of PT Traze Andalan Futures, Ibrahim Assuabi. "It is highly likely that by the end of April, next week, it will break Rp17,400 per US dollar," he said in an official statement on Thursday, April 23, 2026.
External factor largely influenced the weakening rupiah, as the Middle East conflict resolution stagnated after Iran skipped talks with the US this week in Pakistan. "Triggered by US violations by seizing Iranian oil tankers passing through the Strait of Hormuz," he said.
In yesterday's trading, the Indonesian currency weakened following Bank Indonesia's decision to hold the benchmark interest rate at 4.75 percent.
Bank Indonesia governor Perry Warjiyo considered this decision as remaining consistent with efforts to boost the effectiveness of the strategy to adjust the structure of interest rates for monetary operation instruments, especially in stabilizing the rupiah.
Jakarta Interbank Spot Dollar Rate (Jisdor) data from Bank Indonesia showed that on Wednesday's trading, April 22, the rupiah was recorded at the level of Rp17,179 per US dollar.
The Indonesian rupiah has not strengthened to levels above 17,000 since the beginning of this month.
Economist and Professor at Andalas University, Syafruddin Karimi, warned that rupiah depreciation could affect prices of imported goods and gradually push inflation. If the rupiah remains in the range of Rp17,000 per US dollar for a long time, the public will directly feel the pressure on the cost of living.
According to Syafruddin, the pressure will be even stronger because global energy prices are still high. Brent crude oil futures rose above $102 per barrel on Thursday, April 23, 2026.
Read: Rupiah Strengthens Ahead of Bank Indonesia Board Meeting Decision
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