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The rupiah hit a new record low on April 23, breaching the 1998 Asian Financial Crisis low of 17,300 per dollar and trading at 17,310. It was the worst-performing currency in the region that day, falling 0.61%.
Bank Indonesia pledged further intervention while analysts pointed to domestic vulnerabilities, including rising fuel subsidy costs.
A record-low rupiah sharply raises the cost of imported feed and energy for Indonesian livestock and feed producers. Fiscal strain from fuel subsidies could also affect government purchasing and budget decisions.
thejakartapost.comDeni GhifariApr 23, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
