Rupiah Exchange Rate Weakens Against the US Dollar

Pendahuluan: The exchange rate of the rupiah against the US dollar has weakened, reaching Rp15,487/USD. This decline is influenced by various factors, including foreign exchange intervention and global economic conditions. Bagian: ① Bagian pertama: The rupiah's position based on the BI Jakarta Interbank Spot Dollar Rate (Jisdor) reference rate is Rp15,480/USD, weaker than the previous day. This weakening is attributed to the decrease in foreign exchange reserves held by several countries. ② Bagian kedua: Money Market Observer Ibrahim Assuaibi suggests reexamining the intervention that utilizes reserves. He emphasizes that intervention should be a temporary measure and only used to anticipate currency movements that increase financial risk. ③ Bagian ketiga: The strengthening of the US dollar is mainly due to the US macroeconomic fundamentals, such as the increase in inflation rates and the tightening of liquidity in the world. The energy crisis and supply chain disruptions between Russia and Ukraine also contribute to the dollar's strength. Kesimpulan: Ibrahim concludes that allowing the rupiah exchange rate to adjust while using monetary policy to control inflation is the appropriate response to the current dollar increase. He predicts that the rupiah will fluctuate but close in the range of Rp15,450-15,500/USD in tomorrow's trading.