According to Bank Indonesia's (BI) Jakarta Interbank Spot Dollar Rate (JISDOR) data, the United States dollar (US$) closed at Rp16,575 against the Indonesian rupiah on Friday, February 28, 2025.
This exchange rate represents a weakening of the rupiah for five consecutive days. Specifically, the rupiah was valued at Rp16,303 on February 24, 2025, with the dollar increasing from Rp16,300. On February 25, it was Rp16,316; on February 26, Rp16,387; and on February 27, Rp16,431.
Citing *Katadata*, the rupiah is under pressure due to market players' concerns about the US's policy of raising import tariffs.
Money market observer Ariston Tjendra stated that the US dollar index this morning had again risen above the 107 level.
"This indicates market concerns about the policy of raising tariffs, which US President Donald Trump has reiterated this week," Ariston told *Katadata.co.id* on Friday, February 28, 2025.
Ariston noted that the price component of the US gross domestic product (GDP) data, namely the US GDP Price Index for Q4 2024, showed an increase exceeding the previous figure, reaching 2.7% from 1.9%. He believes this data signifies renewed inflationary pressure.
"This could prompt the Fed to delay cutting its benchmark interest rate and encourage the strengthening of the US dollar," Ariston said.
Similarly, Lukman Leong, an analyst at Doo Financial Futures, also predicted that the rupiah would weaken against the sharply strengthening US dollar.
"This is due to Trump's statement confirming that the tariffs on Canada and Mexico will remain in effect from March 3, 2025," said Lukman.
Lukman added that the US dollar is also strengthening due to stronger-than-expected US durable goods sales data. Lukman previously projected the rupiah to be at the level of Rp16,400 to Rp16,550 per US dollar.
(Read *Katadata*: [Investors Increasingly Concerned About Trump Tariffs, Rupiah Threatened to Weaken to 16,500 per US Dollar](https://katadata.co.id/finansial/makro/67c12516bc1f8/investor-makin-waswas-tarif-trump-rupiah-terancam-loyo-ke-16500-per-dolar-as))