JAKARTA, KOMPAS.com – The rupiah exchange rate is back in the spotlight after touching the level of IDR 18,200 per US dollar on Monday (8/6/2026).
周二（2026 年 9 月 6 日），卢比升值至卢比。印尼央行(BI)再次将BI利率基准利率上调至5.50%后，美元兑17,954美元。
尽管现在已经离开了Rp的水平。 18,000 per US dollar, the current position of the rupiah is the weakest point in Indonesia’s history and has even exceeded the level during the 1998 monetary crisis.
另请阅读：为什么当前卢比的疲软与 1998 年危机不同？
PEXELS/DEFRINO MAASY Illustration of the rupiah, rupiah exchange rate.登巴萨市政府 (Pemkot) 正式拨付 2026 财年 (FY) 的政党财政援助 (Banpol) 资金。分配的预算总额达到 1,707,940,000 印尼盾，约合 17 亿印尼盾。
Although Bank Indonesia (BI) assesses that pressure on the rupiah is influenced by global and seasonal factors, a number of economists believe that the weakening of the Garuda currency this time cannot be explained solely by external factors.
Behind exchange rate fluctuations, there is a combination of global problems, domestic policy uncertainty, and structural weaknesses in the Indonesian economy that have persisted for years.
The CORE Indonesia report entitled Mission to Save the Rupiah concluded that the weakening of the rupiah in recent months was the result of a combination of fundamental factors in the Indonesian economy, uncertainty in domestic economic policies, seasonal factors and global geopolitical developments.
However, domestic factors are considered to have a greater influence than external factors.
另请阅读：分析师：BI 利率上调以吸引外资并保护卢比
卢比贬值的触发因素之一来自全球地缘政治紧张局势的加剧。 CORE指出，自2026年2月底美以对伊朗采取军事行动以来，世界油价大幅上涨。
KOMPAS.com/SAKINA RAKHMA DIAH SETIAWANThe rupiah exchange rate is back in the spotlight after touching the level of IDR 18,200 per US dollar on Monday (8/6/2026).
2026年2月27日至5月29日期间，布伦特原油价格升至每桶91.8美元，涨幅约为27%。 In fact, on March 31 2026, the price of Brent touched 118.35 US dollars per barrel, far above the oil price assumption in the 2026 APBN of 70 US dollars per barrel.
对于仍是石油净进口国的印尼来说，能源价格上涨意味着进口美元的需求也随之增加。外汇需求的增加会给卢比带来压力。
与此同时，油价飙升引发美国通胀担忧。这种情况激发了人们对美国央行美联储（The Fed）将在更长时间内维持高利率的预期。
另请阅读：随着财政部长改组的传闻平息，IHSG 和卢比走强
当美国金融资产的回报仍然具有吸引力时，全球投资者倾向于将资金从本国转移bang into assets that are considered safer. This capital outflow or capital flight then also puts pressure on the currencies of developing countries, including the rupiah.
CORE noted that similar pressure was also experienced by a number of Asian countries that are energy importers, such as India, the Philippines and Thailand. However, the rupiah is one of the currencies that has experienced the deepest depreciation compared to these countries.
除了外部因素外，更严峻的压力来自国内。 CORE认为，印尼盾的疲软与投资者对印尼经济和财政政策方向的信心下降密不可分。
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