February 5, 2026 | 06:19 pm
TEMPO.CO, Jakarta - The exchange rate of Indonesian rupiah at the close of trading in Jakarta on Thursday weakened by 65 points or 0.39 percent to Rp16,842 per U.S. dollar from the previous Rp16,777 per U.S. dollar.
Taufan Dimas Hareva, a researcher at the Indonesia Commodity and Derivatives Exchange (ICDX), said that the weakening rupiah was influenced by market players' cautious attitude toward the direction of U.S. monetary policy.
"The pressure still comes from external factors, along with the strengthening of the U.S. dollar in the global market amidst market players' cautious attitude towards U.S. monetary policy," he said to Antara in Jakarta on Thursday, February 5, 2026.
Taufan explained that the expectation of relatively high interest rates from the Federal Reserve makes dollar-denominated assets attractive and puts pressure on emerging market currencies, including the rupiah.
Looking at domestic sentiment, market sentiment comes from the release of growth and macro stability.
Statistics Indonesia (BPS) recently reported that Indonesia's economy grew by 5.11 percent (year-on-year) throughout 2025, with the gross domestic product (GDP) at constant prices reaching Rp13,580.5 trillion, up from Rp12,920.5 trillion in the same period the previous year.
This growth is supported by household consumption and gross fixed capital formation.
He continued, despite the weakening of the rupiah, Bank Indonesia (BI) is maintaining the exchange rate from declining too much.
Taufan stated, "The presence of Bank Indonesia in the foreign exchange market, as well as the relatively well-maintained domestic economic fundamentals, has the potential to restrain the weakening from remaining limited."
The Jakarta Interbank Spot Dollar Rate (JISDOR) from Bank Indonesia also weakened today to Rp16,826 per U.S. dollar from the previous Rp16,775 per U.S. dollar.
Read: Indonesian Finance Minister Says Rupiah Could Strengthen to Rp15,000 per US Dollar
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