IDR Market Update
23 May 2026 • 01:17 GMT
The Indonesian rupiah (IDR) has experienced some notable moves against major currencies recently. against the US dollar, the IDR reached near 7-day highs close to 0.000057, which is about 1.7% below its three-month average of 0.000058. This suggests the rupiah has shown some resilience despite broader dollar strength. Meanwhile, the IDR has also weakened against the euro and British pound, trading at 90-day lows near 0.000049 and 0.000042 respectively, both roughly 2% below their recent averages. This indicates a broader softness in the rupiah across multiple currencies. Additionally, the IDR has fallen against the Japanese yen and Australian dollar, trading around 0.008995 and 0.000079, respectively, which are roughly 2.8% and 3.7% below their three-month averages. Domestic factors like Bank Indonesia holding rates steady and inflation climbing near a three-year high continue to weigh on the currency, alongside global risks. While recent interventions have helped stabilize the rupiah, ongoing geopolitical tensions and external economic pressures mean traders should stay alert to further fluctuations.