The Indonesian rupiah slipped toward IDR 17,940 per dollar on Wednesday, extending a three-day decline as the U.S. dollar firmed on growing expectations the Fed could raise rates later this year. Locally, sentiment was weighed down after Indonesia posted a trade deficit in May, the first since April 2020, as exports unexpectedly fell while imports maintained double-digit growth, reducing support from external balance. Further pressure came from data showing factory activity shrank the most in a year in June, reflecting weaker purchasing power and persistent cost pressures. Still, the rupiah's losses were capped by resilient foreign inflows into government bonds and Bank Indonesia securities during June, lower oil prices that eased fiscal pressures, and efforts to trim budget allocations for President Prabowo's main programs. Meanwhile, annual inflation hit a three-month peak in June, due to elevated food prices, though it remained within the upper end of Bank Indonesia's 1-1/2%-3-1/2%.
The USD/IDR exchange rate rose to 17,948.0000 on July 1, 2026, up 0.20% from the previous session. Over the past month, the Indonesian Rupiah has weakened 0.61%, and is down by 10.78% over the last 12 months. Historically, the USDIDR reached an all time high of 18234 in June of 2026. Indonesian Rupiah - data, forecasts, historical chart - was last updated on July 1 of 2026.
The USD/IDR exchange rate rose to 17,948.0000 on July 1, 2026, up 0.20% from the previous session. Over the past month, the Indonesian Rupiah has weakened 0.61%, and is down by 10.78% over the last 12 months. The Indonesian Rupiah is expected to trade at 17696.29 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17555.36 in 12 months time.