# Statement of the Governor of BI on Bank Indonesia’s Steps to Maintain Stability of Rupiah Exchange Rate

> Bank Indonesia's governor said the recent rupiah depreciation mainly reflects broad US dollar strength tied to US 10-year yields reaching 3.03%, plus seasonal Q2 dollar demand for debt payments, imports and dividends. As of April 26 the rupiah was down 0.88% month to date, a smaller decline than several Asian peers.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/65813-statement-of-the-governor-of-bi-on-bank-indonesia-s-steps-to-maintain-stability
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rupiah raises the local cost of imported feed inputs such as soybean meal, corn and other ingredients priced in dollars, pressuring Indonesian feed margins. The central bank's stated reliance on FX intervention rather than rate hikes suggests no immediate policy tightening.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-26 | [Indonesia central bank remains in foreign-exchange market to prevent excessive rupiah fall, official says](https://feedsoft.ai/events/39901-indonesia-central-bank-remains-in-foreign-exchange-market-to-prevent-excessive.md) | +0.2% | +0.6% |
| 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 | 2024-10-22 | [Bank Indonesia intervenes as Trump, Fed jitters weigh on rupiah - The Business Times](https://feedsoft.ai/events/28172-bank-indonesia-intervenes-as-trump-fed-jitters-weigh-on-rupiah-the-business.md) | +0.3% | +1.5% |
| DXY | 2024-05-30 | ["Increase in Ants' Overseas Investment Drives Won-Dollar Exchange Rate Rise" - The Asia Business Daily](https://feedsoft.ai/events/30499-increase-in-ants-overseas-investment-drives-won-dollar-exchange-rate-rise-the.md) | +0.3% | +1.8% |
| DXY | 2023-02-27 | [Indonesia's rupiah charges to the top of Asia's best-performing currencies - The Business Times](https://feedsoft.ai/events/37656-indonesia-s-rupiah-charges-to-the-top-of-asia-s-best-performing-currencies-the.md) | -0.7% | -0.9% |

## Sources

- bi.go.id: https://www.bi.go.id/en/iru/highlight-news/Pages/Statement-of-the-Governor-of-BI-on-Bank-Indonesia%E2%80%99s-Steps-to-Maintain-Stability-of-Rupiah-Exchange-Rate.aspx

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