JAKARTA – Rupiah weakens against the US dollar, driving a noticeable surge in activity at currency exchange outlets across Jakarta, as residents move quickly to capitalize on shifting exchange rates.

In South Jakarta’s Tebet district, money changers reported a significant increase in transactions, with customers arriving in steady waves throughout the day. While some buyers continue to purchase US dollars, operators say a growing number of people are now selling dollars in exchange for rupiah.

The trend reflects public reaction to the rupiah’s depreciation, which has made the US dollar more valuable in local terms. Many individuals who previously held dollar savings are now taking advantage of the higher exchange rate to secure profits.

“Even if it’s just a small amount, it’s worth it. The price is quite good right now, so it feels more profitable,” said one customer at the exchange counter.

Currency exchange operators confirm the shift in behavior. Demand for converting dollars into rupiah has risen by around 30% compared to the previous week, signaling a broader response to currency volatility.

The spike in activity also comes amid tighter government regulations on foreign currency purchases. Authorities have progressively lowered the monthly limit for US dollar purchases per individual—from $100,000 to $50,000, and now to $25,000—aiming to stabilize the domestic currency.

As of Monday morning, the rupiah was trading at approximately Rp17,600 per US dollar, underscoring ongoing pressure on Indonesia’s currency. Analysts say such movements often influence short-term public behavior, particularly among retail holders of foreign currency.

The situation highlights how exchange rate fluctuations are not only affecting macroeconomic indicators but also shaping everyday financial decisions among Indonesian consumers.