Refreshing the Exchange Rate

A person holding a phone with a currency chart in a dim Jakarta kitchen before breakfast
Taste · Signal · No. 128

Refreshing the Exchange Rate

On checking a number we cannot change, and what the habit quietly spends.

November 2026 · HoM Haute · 5 minute read

Editorial essay · Images are AI-created illustrations, not documentary photographs.

The number before breakfast

The phone is unlocked before the kettle has boiled. A thumb moves without instruction: weather, messages, and then the exchange rate. The number is a little worse than yesterday, or a little better, or exactly the same. Nothing in the kitchen changes. The water boils anyway. Later, waiting for a lift, the thumb goes back to check again.

On 20 October 2026, the rupiah closed at around 17,985 to the US dollar, according to Bank Indonesia. For many people in this city that figure has become a kind of weather report, glanced at several times a day with the same reflex once reserved for the sky. It is a number almost nobody can influence and almost everybody now watches.

This essay is not about the rupiah. Economists will explain its movements better, and they will disagree among themselves. It is about the checking: the small, repeated act of looking at a figure we cannot change, and what that habit does to the rest of the day.

For some, watching is work

It would be easy to call the habit anxious and leave it there. That would be unfair to the people for whom the number is part of their job or their household arithmetic. An importer pricing next month's stock needs to know. So does a family paying tuition abroad, a worker sending money home from overseas, a shop that buys its materials in dollars and sells its goods in rupiah.

For them the exchange rate is not an abstraction. It decides whether an order is placed this week or next, whether a price list has to be reprinted, whether a payment can wait. Watching it closely is a form of responsibility, and nobody should be lectured for doing it.

But even for people with a real reason to check, the useful information arrives in very few looks. A decision needs the number at the moment of deciding. The hundredth glance between decisions adds nothing to the decision. It adds something else, which is harder to name.

The cost of a glance

Each check takes a few seconds. Returning to what you were doing takes longer. Estimate both and see what a year of watching adds up to. This is an illustration, not a measurement.

A year of watching

The poverty of attention

In 1971 the economist Herbert Simon made an observation that has aged remarkably well. Information, he noted, consumes something, and what it consumes is the attention of the people receiving it. A world rich in information is therefore poor in attention. He was writing about organisations and their memos. He might as well have been describing a phone screen.

The exchange rate is a particularly efficient consumer of attention because it never finishes. A football match ends. A film has credits. A price that updates continuously offers no natural point at which the looking is complete. There is always a newer number, and the newer number always seems more important than the one before it.

Applications understand this. Charts are drawn to make small movements look dramatic. Colours turn red and green as though each tick were a verdict. The design does not need to be malicious to have an effect. It is enough that it rewards the next look.

A price that updates continuously offers no natural point at which the looking is complete.

Checking as a ritual of control

Why do we keep looking at something we cannot change? Part of the answer is that looking feels like doing. When the larger situation is uncertain, checking offers a small and immediately completed task. You wanted to know; now you know. For a moment there is a sense of being on top of things.

The feeling does not last. The number moves again, and the small certainty dissolves into a new question. So the hand returns. Over time the checking becomes less a way of gathering information than a way of managing unease, much as some people press the lift button repeatedly though the lift is already coming.

There is no shame in this. It is a very human response to living inside forces larger than oneself. But it helps to recognise it for what it is, because a ritual of control can quietly become a ritual of worry. The more often we look, the more the number takes up residence in the day.

A phone left face down beside a half drunk black coffee on a morning kitchen table
The number will still be there after breakfast.

What the number cannot say

An exchange rate is a summary of countless decisions made by people far away: traders, central banks, companies, governments. It compresses all of that into one figure. That is its usefulness and its limitation. It tells you a price. It does not tell you how your neighbourhood is doing, whether your work is good, or what your week will feel like.

Those things are more local, and more within reach. The warung that kept its prices, the client who paid on time, the friend who called. A city in a difficult season is also full of small arrangements that hold. They do not update every second, so they are easier to overlook.

Paying attention to them is not denial. It is a question of proportion. A household can know the exchange rate and still give most of its attention to the things it can actually tend.

Looking on purpose

There is a practical alternative to never checking and checking constantly. Decide when the number is needed. Once in the morning, perhaps, or at the moment a payment must be made. Look then, fully, and decide what follows. Between those moments, let the phone stay in the pocket.

Some people find it helpful to remove the rate from the home screen, or to turn off notifications that report every movement. Others write the morning figure on a piece of paper and leave it there for the day. The aim is not ignorance but rhythm: to turn a reflex back into a decision.

It is surprisingly restful. The number continues to move. Markets continue to open and close. Nothing is lost by not watching each tick, and something is regained: a few hours a year, and with them a little of the quiet in which ordinary life is lived.

The kettle again

Tomorrow the kettle will boil at the same speed regardless of the rate. The rice will take the same time. The light will come through the same window. These are not reasons to stop caring about the economy. They are reminders that the day has its own pace, and that most of it is still ours.

Perhaps the most useful thing to check in the morning is not the number on the screen but the state of the room: who is awake, what needs doing, what might be enjoyed. That kind of checking does not require refreshing. It only requires looking up.

A question to keep

How many times did you look today?

Count honestly. Then ask how many of those looks changed a decision.

When do you actually need the number?

Name the moment: a payment, an order, a transfer. Could the looking wait until then?

What can you tend instead?

Choose one thing within reach this week, a person, a room, a piece of work, and give it the attention the number was taking.

Reading notes and sources
Bank Indonesia · BI-Rate held at 5.75% · RDG 20 to 21 October 2026Herbert A. Simon · Designing Organizations for an Information-Rich World · 1971
Harum Oleh Memori
Fragrance through memory