# Indonesian Rupiah hits new record low as USD/IDR surpasses 17,300

> USD/IDR rose to a fresh all-time high of 17,324 on April 23, marking a third straight day of gains. The move was driven by safe-haven demand, less dovish Fed expectations, and elevated crude oil prices linked to the US-Iran standoff over the Strait of Hormuz. Bank Indonesia said it would increase its intervention intensity.

- Date: 2026-04-23 · published 2026-04-23T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/20042-indonesian-rupiah-hits-new-record-low-as-usd-idr-surpasses-17-300
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rising oil and a weaker currency together squeeze Indonesia's trade balance and raise import costs for feed ingredients. Sustained pressure could prompt further intervention and tighter policy.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/indonesian-rupiah-plummets-to-17-324-or-fresh-record-low-vs-usd-on-mideast-tensions-202604230502

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.