Rupiah weakens to Rp18,145 per US dollar as external pressures mount
Bank Indonesia Governor Destry Damayanti attributed the currency's weakness to Middle East conflict, tighter US monetary policy and investor sentiment.
Indonesia's rupiah stood at Rp18,145 per US dollar on 2 November 2026, with Bank Indonesia Governor Destry Damayanti saying external factors were the main reason for the currency's continued weakness.
Speaking in Jakarta on 3 November at a press conference on the Financial System Stability Committee's third-quarter 2026 meeting, Destry identified escalating geopolitical conflict in the Middle East, tighter US monetary policy and global investor sentiment towards emerging-market assets as sources of pressure.
Destry said the rupiah had strengthened in September before coming under sustained pressure from October. In her remarks, she compared the 2 November exchange rate with Rp17,870 per US dollar during September's period of appreciation.
