# Rupiah 'Menggila' Tembus Rp14.900/US$, Nih Penyebabnya!

> The rupiah traded at Rp 14,945 per US dollar on April 4, 2023, after closing at Rp 14,965 the previous day. Bank Mandiri's economist linked the currency's swings mainly to OPEC+'s oil production cut, which raised concerns about global inflation and more aggressive central bank tightening.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36719-rupiah-menggila-tembus-rp14-900-us-nih-penyebabnya
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The OPEC+ cut raises the risk of tighter global monetary policy, which strengthens the dollar and pressures the rupiah. Palm oil strength from higher crude prices could support Indonesia's trade surplus and currency.

## Read by commodity

- BRENT: bullish ▲
- USDIDR: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-22 | [Kenaikan harga minyak mengancam rupiah](https://feedsoft.ai/events/59876-kenaikan-harga-minyak-mengancam-rupiah.md) | +0.4% | +2.4% |
| BRENT | 2017-02-14 | [Rupiah menguat 15 poin ketika kenaikan suku bunga dolar masih misteri - ANTARA News](https://feedsoft.ai/events/72807-rupiah-menguat-15-poin-ketika-kenaikan-suku-bunga-dolar-masih-misteri-antara.md) | +1.2% | -7.6% |
| BRENT | 2026-07-01 | [Rupiah Nears Rp 18,000 as OECD Deficit Warning, Iran Tensions Rattle Markets](https://feedsoft.ai/events/19108-rupiah-nears-rp-18-000-as-oecd-deficit-warning-iran-tensions-rattle-markets.md) | +1.1% | +42.2% |
| BRENT | 2019-04-22 | [Rupiah melemah seiring kepudaran "Jokowi effect" - ANTARA News](https://feedsoft.ai/events/59875-rupiah-melemah-seiring-kepudaran-jokowi-effect-antara-news.md) | +0.4% | +2.4% |
| BRENT | 2018-10-02 | [Rupiah Weakens Past 15,000 per Dollar for First Time Since 1998 - Bloomberg](https://feedsoft.ai/events/62835-rupiah-weakens-past-15-000-per-dollar-for-first-time-since-1998-bloomberg.md) | -1.1% | -8.8% |
| PALMOIL | 2022-07-06 | [Rupiah Tembus Rp 15.000 per Dollar AS, Apa Dampaknya ke Perekonomian Indonesia?](https://feedsoft.ai/events/40802-rupiah-tembus-rp-15-000-per-dollar-as-apa-dampaknya-ke-perekonomian-indonesia.md) | -1.3% | -9.0% |
| PALMOIL | 2016-11-28 | [Ringgit Lesu, Harga CPO Tembus Level Tertinggi Baru](https://feedsoft.ai/events/10931-ringgit-lesu-harga-cpo-tembus-level-tertinggi-baru.md) | +3.7% | +4.4% |
| PALMOIL | 2022-03-01 | [Rupiah, ringgit rise on energy prices, stocks extend rally \| Reuters](https://feedsoft.ai/events/42532-rupiah-ringgit-rise-on-energy-prices-stocks-extend-rally-reuters.md) | +13.1% | +9.4% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20230404131412-17-427205/rupiah-menggila-tembus-rp14900-us--nih-penyebabnya

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