# Indonesia central bank remains in foreign-exchange market to prevent excessive rupiah fall, official says

> Bank Indonesia says it is always in the market with its triple intervention in spot, DNDF and bond markets to prevent excessive rupiah falls. The rupiah dropped as much as 0.6% to 15,125 per dollar and is down about 6% year to date.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39901-indonesia-central-bank-remains-in-foreign-exchange-market-to-prevent-excessive
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank FX intervention can slow rupiah depreciation, but it does not offset the dollar's broad strength. For feed buyers, a weaker rupiah raises the local-currency cost of imported feed inputs.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-05 | [Indonesia central bank says ready for market intervention to stabilise rupiah - Markets - Business Recorder](https://feedsoft.ai/events/48411-indonesia-central-bank-says-ready-for-market-intervention-to-stabilise-rupiah.md) | +0.2% | +0.9% |
| DXY | 2018-04-26 | [Statement of the Governor of BI on Bank Indonesia’s Steps to Maintain Stability of Rupiah Exchange Rate](https://feedsoft.ai/events/65813-statement-of-the-governor-of-bi-on-bank-indonesia-s-steps-to-maintain-stability.md) | +0.7% | +2.1% |
| DXY | 2023-10-05 | [South Korea foreign-exchange reserves fall for second month in September on market intervention](https://feedsoft.ai/events/33875-south-korea-foreign-exchange-reserves-fall-for-second-month-in-september-on.md) | -0.3% | -0.6% |
| DXY | 2024-11-18 | [Reasonable foreign exchange needed to stablise market: expert](https://feedsoft.ai/events/27698-reasonable-foreign-exchange-needed-to-stablise-market-expert.md) | +0.5% | +0.3% |
| DXY | 2019-05-23 | [Trade tensions are starting to pull foreign-exchange markets into the arena \| INTERNATIONAL MARKET NEWS - Business Standard](https://feedsoft.ai/events/59285-trade-tensions-are-starting-to-pull-foreign-exchange-markets-into-the-arena.md) | +0.1% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesia-cbank-remains-fx-market-prevent-excessive-rupiah-fall-official-2022-09-26/

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