Rupiah Faces Downward Pressure Amid Global Uncertainties

Geopolitical Tensions Impact Currency

The Indonesian rupiah continued its weakening trend against the US dollar on January 6, 2026, closing at Rp16,759 per USD ⁴

. This depreciation was largely influenced by escalating geopolitical tensions between the United States and Venezuela, following reports of Venezuelan President Maduro's detention ⁵

Source 5

https://investasi.kontan.co.id/news/siang-ini-rupiah-melemah-ke-rp-16759-per-dolar-as-begini-proyeksi-hingga-sore

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Economic Data Contributes to Rupiah's Decline

The negative sentiment was further compounded by Indonesia's trade data released by the Central Statistics Agency (BPS). November 2025 export figures showed a 6.60% year-on-year decline to $22.52 billion ³

. This contraction in export performance added pressure on the rupiah, which had already been under stress from global economic uncertainties.

Market Analysis and Projections

Currency analyst Ibrahim Assuaibi noted that the rupiah's movement is likely to remain volatile in the near term. Factors such as upcoming US macroeconomic data releases and potential further escalation in global geopolitical tensions will continue to influence the currency's trajectory ⁵

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Major Banks' USD Exchange Rates

Major Indonesian banks maintained varying exchange rates for the USD on January 6, 2026. For instance:

• BCA quoted USD at Rp16,748 (buy) and Rp16,768 (sell) ²
  Source 2

  https://investasi.kontan.co.id/news/rupiah-spot-melemah-012-ke-rp-16761-per-dolar-as-pada-selasa-612026-siang
• BRI offered Rp16,735 (buy) and Rp16,762 (sell) ²
  Source 2

  https://investasi.kontan.co.id/news/rupiah-spot-melemah-012-ke-rp-16761-per-dolar-as-pada-selasa-612026-siang
• Bank Mandiri priced USD at Rp16,730 (buy) and Rp16,760 (sell) ²
  Source 2

  https://investasi.kontan.co.id/news/rupiah-spot-melemah-012-ke-rp-16761-per-dolar-as-pada-selasa-612026-siang
• BNI set rates at Rp16,746 (buy) and Rp16,776 (sell) ²
  Source 2

  https://investasi.kontan.co.id/news/rupiah-spot-melemah-012-ke-rp-16761-per-dolar-as-pada-selasa-612026-siang

These rates indicate the range of USD liquidity and pricing in the banking system.