# Currency of Indonesia: Rupiah at 10-month Low Against US Dollar | Indonesia Investments

> The rupiah hit its weakest level since December 2016 on September 28, reaching about IDR 13,584 per dollar before a partial rebound. The move followed Trump's tax reform announcement and expectations of further Federal Reserve tightening before year-end.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/69263-currency-of-indonesia-rupiah-at-10-month-low-against-us-dollar-indonesia
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency pressure makes dollar-priced feed ingredients more expensive for Indonesian feed mills, which can pressure their margins and purchasing.

## Read by commodity

- SBM: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-09-29 | [Rupiah Hits 10-month Low Against U.S Dollar - The Insiders Stories](https://feedsoft.ai/events/69265-rupiah-hits-10-month-low-against-u-s-dollar-the-insiders-stories.md) | +2.0% | +1.7% |
| SBM | 2026-10-29 | [The dollar continues to rise but is at its lowest level in 10 years · SondeAR](https://feedsoft.ai/events/17345-the-dollar-continues-to-rise-but-is-at-its-lowest-level-in-10-years-sondear.md) | -3.3% | — |
| SBM | 2017-09-28 | [Bank Indonesia menilai sentimen AS picu melemahnya Rupiah - ANTARA News](https://feedsoft.ai/events/69262-bank-indonesia-menilai-sentimen-as-picu-melemahnya-rupiah-antara-news.md) | -0.6% | +2.1% |
| SBM | 2023-11-20 | [Argentina's black market currency traders brace for uncertainty](https://feedsoft.ai/events/33457-argentina-s-black-market-currency-traders-brace-for-uncertainty.md) | +1.1% | -8.0% |
| SBM | 2023-04-26 | [Argentina: A desperate search for a door as currency tumbles \| AP News](https://feedsoft.ai/events/36674-argentina-a-desperate-search-for-a-door-as-currency-tumbles-ap-news.md) | -1.9% | -7.0% |

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/currency-of-indonesia-rupiah-at-10-month-low-against-us-dollar/item8237
- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/currency-of-indonesia-rupiah-resumes-weakening-against-us-dollar/item8233

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