# Rupiah Nears Rp 14,500 per US Dollar

> The rupiah traded near Rp 14,360 per US dollar on Friday, weakening about 6% since end-2017 and hitting its lowest since October 2015. Pressure came from US-China trade concerns, possible Fed hikes, and Indonesia's trade and current account deficits.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/64833-rupiah-nears-rp-14-500-per-us-dollar
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker rupiah raises the cost of imported feed ingredients and corn and soy meal priced in dollars for Indonesian buyers, while also pressuring domestic feed margins.

## Read by commodity

- SBM: neutral
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-02-28 | [Rupiah Diperkirakan Mampu Bertahan](https://feedsoft.ai/events/72806-rupiah-diperkirakan-mampu-bertahan.md) | -0.6% | -4.8% |
| SBM | 2017-10-31 | [Bank Indonesia Ungkap Penurunan Nilai Tukar Rupiah Pekan Lalu](https://feedsoft.ai/events/68757-bank-indonesia-ungkap-penurunan-nilai-tukar-rupiah-pekan-lalu.md) | +1.2% | +3.6% |
| SBM | 2016-11-11 | [Indonesian rupiah falls most since 2011 over Trump's protectionist trade policy fears](https://feedsoft.ai/events/74150-indonesian-rupiah-falls-most-since-2011-over-trump-s-protectionist-trade-policy.md) | -0.3% | +1.1% |
| SBM | 2020-04-24 | [Rush to black-market dollars as economic woes mount \| Buenos Aires Times](https://feedsoft.ai/events/53900-rush-to-black-market-dollars-as-economic-woes-mount-buenos-aires-times.md) | +0.3% | -2.1% |
| SBM | 2024-07-16 | [Argentina’s new bid to ‘sterilize’ peso emissions lowers parallel dollar rates… now what? - Buenos Aires Herald](https://feedsoft.ai/events/29583-argentina-s-new-bid-to-sterilize-peso-emissions-lowers-parallel-dollar-rates.md) | +2.6% | -3.5% |

## Sources

- databoks.katadata.co.id: https://databoks.katadata.co.id/en/market/statistics/c46452365e235fe/rupiah-nears-rp-14500-per-us-dollar

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