# Bank Indonesia Ungkap Penurunan Nilai Tukar Rupiah Pekan Lalu

> Bank Indonesia deputy governor Mirza Adityaswara said the rupiah's recent weakness was driven mainly by external factors, chiefly expected Federal Reserve rate hikes. The rupiah had fallen to its weakest level since July 2016 at Rp 13,609 per dollar on October 27, and dollar demand from multinationals paying dividends and dollar debts added pressure.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/68757-bank-indonesia-ungkap-penurunan-nilai-tukar-rupiah-pekan-lalu
- 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 local-currency cost of imported feed ingredients such as soymeal and corn, squeezing margins for Indonesian feed millers. Continued dollar strength would keep import costs elevated.

## Read by commodity

- SBM: neutral
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-10-19 | [Indonesia c.bank unexpectedly raises rates amid falling rupiah \| Reuters](https://feedsoft.ai/events/33952-indonesia-c-bank-unexpectedly-raises-rates-amid-falling-rupiah-reuters.md) | +4.7% | +14.4% |
| SBM | 2026-02-19 | [Bank Indonesia holds rates steady, focus remains on 'undervalued' rupiah \| Reuters](https://feedsoft.ai/events/20906-bank-indonesia-holds-rates-steady-focus-remains-on-undervalued-rupiah-reuters.md) | +5.7% | +6.9% |
| 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 | 2018-06-29 | [Rupiah Nears Rp 14,500 per US Dollar](https://feedsoft.ai/events/64833-rupiah-nears-rp-14-500-per-us-dollar.md) | +2.5% | +0.4% |
| SBM | 2017-02-28 | [Rupiah Diperkirakan Mampu Bertahan](https://feedsoft.ai/events/72806-rupiah-diperkirakan-mampu-bertahan.md) | -0.6% | -4.8% |

## Sources

- money.kompas.com: https://money.kompas.com/read/2017/10/31/150348426/bank-indonesia-ungkap-penurunan-nilai-tukar-rupiah-pekan-lalu

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