Business · Markets · 12 hrs ago
Rupiah Hits a Record Low Against the US Dollar
Indonesia’s rupiah fell to a record low against the US dollar on Thursday.
The two accounts gave slightly different rates, reporting the currency at 18,223 and 18,231 rupiah per dollar at different times in the morning.
The new low passed the previous record set in June 2026, when the rupiah traded between 18,180 and 18,196 per dollar.
The currency also weakened beyond its level during the early Covid-19 period, when it reached 16,741 per dollar in April 2020.
A weaker rupiah means more rupiah are needed to buy a dollar, while market attention is focused on the outlook for US interest rates.
Expectations of further US rate rises are adding to pressure, with increases seen as possible into early 2027.
Markets will continue to watch Federal Reserve policy as they assess the outlook for the rupiah.
The rupiah fell to a record low against the US dollar on November 12, 2026.
CNN Indonesia reported a rate of Rp18,223 per dollar, while CNBC Indonesia later reported Rp18,231.
CNN Indonesia said the Rp18,223 rate surpassed the previous low recorded in June 2026.
CNBC Indonesia said markets were watching expectations of US Federal Reserve interest-rate increases that could continue into early 2027.
- Who
- The Indonesian rupiah.
- What
- It fell to a record low against the US dollar. CNN Indonesia reported Rp18,223 per dollar; CNBC Indonesia later reported Rp18,231.
- When
- November 12, 2026, during morning trading.
- Where
- Indonesia’s currency market.
- Why
- The rupiah was under pressure. CNBC Indonesia cited market expectations of further US Federal Reserve rate increases.
This story does not have two clearly opposing sides.
The rupiah weakened to Rp16,741 per dollar amid the Covid-19 pandemic, CNN Indonesia reported.
The rupiah reached a previous low in the range of Rp18,180 to Rp18,196 per dollar, according to CNN Indonesia.
The rupiah opened at Rp18,177 per dollar, CNN Indonesia reported.
CNN Indonesia reported the rupiah at Rp18,223 per dollar, a new record low.
CNBC Indonesia reported the rupiah at Rp18,231 per dollar.
- CNN Indonesia’s reported rate
- Rp18,223 per US dollar
- CNBC Indonesia’s reported rate
- Rp18,231 per US dollar
- Date
- November 12, 2026
- Previous low
- Rp18,180–Rp18,196 per dollar in June 2026
- Opening rate reported by CNN Indonesia
- Rp18,177 per dollar
5 sources
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