# Indonesian rupiah falls most since 2011 over Trump's protectionist trade policy fears

> The Indonesian rupiah dropped as much as 3 percent to a five-month low of 13,545 per dollar, its biggest decline since September 2011. Bank Indonesia said it intervened to stabilise the market amid speculation that a Trump administration will pursue protectionist trade policies.

- Date: 2016-11-11 · published 2016-11-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/74150-indonesian-rupiah-falls-most-since-2011-over-trump-s-protectionist-trade-policy
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A sharp rupiah depreciation raises the local-currency cost of imported feed inputs such as soybean meal and corn for Indonesian buyers. Protectionism fears also add uncertainty to US-Asia agricultural trade flows.

## Read by commodity

- SBM: neutral
- CORN: 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 | 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 | 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 | 2023-04-27 | [Argentina seeks to tame inflation, peso with biggest rate hike since 2019 \| Financial Post](https://feedsoft.ai/events/36673-argentina-seeks-to-tame-inflation-peso-with-biggest-rate-hike-since-2019.md) | -0.7% | -6.2% |
| SBM | 2022-12-07 | [Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil \| Financial Post](https://feedsoft.ai/events/38510-brazilian-real-up-on-fiscal-relief-peru-s-sol-falls-amid-political-turmoil.md) | +0.8% | +8.3% |
| CORN | 2026-10-01 | [Why egg prices have tumbled since Trump returned to office : NPR](https://feedsoft.ai/events/17121-why-egg-prices-have-tumbled-since-trump-returned-to-office-npr.md) | -1.2% | -6.7% |
| CORN | 2025-04-04 | [‘We just haven’t seen anything like this’: Farmers brace for Trump’s trade war](https://feedsoft.ai/events/25116-we-just-haven-t-seen-anything-like-this-farmers-brace-for-trump-s-trade-war.md) | +3.4% | +2.3% |
| CORN | 2017-05-22 | [Tight monetary policy to strengthen Mexican peso](https://feedsoft.ai/events/71217-tight-monetary-policy-to-strengthen-mexican-peso.md) | +1.0% | +2.3% |

## Sources

- livemint.com: https://www.livemint.com/Politics/8MyjNN78igKIkCnjmPnDiL/Indonesian-rupiah-falls-most-since-2011-over-Trumps-protect.html

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