Chile's peso has been the worst-performing Latin American currency since the Middle East conflict began, leading losses among regional currencies. This comes despite Chile posting a wider-than-expected trade surplus in March. The peso's dependence on oil imports and dollar strength have contributed to its weakness. The country's central bank left its benchmark interest rate unchanged last month, but warned that higher fuel prices could increase inflationary pressures. The Indonesian rupiah breached the 17,100 level against the dollar for the first time, despite efforts to prop it up due to energy shocks and ongoing fiscal and governance concerns.