The rupiah came under pressure again in Thursday's (12/11/2026) session and reached Rp18,223 per US dollar. That is the weakest level in the history of trading in Indonesia's currency.

Weaker after the open

According to trading data, the rupiah stood at Rp18,223 per US dollar about 30 minutes after the market opened. Compared with the previous day's close, the currency fell 74 points, or 0.41%.

At 09:00 WIB the rupiah had actually opened at Rp18,177 per US dollar. As trading went on, the pressure deepened and pushed it through the lowest point recorded before.

Against the previous record and the pandemic period

The Rp18,223 level also passed the previous record weakness set in June 2026, when the rupiah moved in a range of roughly Rp18,180 to Rp18,196 per US dollar.

Similar pressure had appeared in April 2020, when the Covid-19 pandemic broke out. On 2 April 2020 the rupiah slid as far as Rp16,741 per US dollar. At its latest position, the rupiah is now weaker than it was during that early-pandemic stress, and has set a new all-time low.

Sources

• Rupiah Ambruk ke Level Rp18.223 per Dolar AS, Terendah Sejak 2020 — CNN Indonesia, 12 November 2026 09:42 WIB. https://www.cnnindonesia.com/ekonomi/20261112092952-78-1426187/rupiah-ambruk-ke-level-rp18223-per-dolar-as-terendah-sejak-2020