Rupiah Closes Weaker by 0.3%, US Dollar Rises to Rp 16,935

Jakarta — The value of the Indonesian rupiah closed weaker against the US dollar on Friday (13 March 2026), following the strengthening of the US dollar in global markets.

According to Refinitiv data, the rupiah closed trading in negative territory with a depreciation of 0.30% to Rp 16,935/USD. Pressure on the rupiah was evident from the opening of trading, when the currency weakened 0.18% to Rp 16,915/USD.

Throughout today’s trading, the rupiah moved in the range of Rp 16,885/USD to Rp 16,940/USD.

Meanwhile, the US dollar index (DXY) at 3:00 p.m. WIB was observed strengthening by 0.27% to 100.143.

The rupiah’s movement during today’s trading was still influenced by the dynamics of the US dollar in global markets, amid continued high geopolitical uncertainty, particularly regarding the conflict in the Middle East.

In global markets, the US dollar remained strong and had the potential to mark gains for the second consecutive week since the Iran conflict intensified. Market volatility has made the US dollar the primary safe-haven asset sought by investors.

A surge in oil prices also reinforced cautious sentiment in the market. At the same time, the United States permitted the sale of certain Russian oil products that were previously subject to sanctions related to the war in Ukraine.

Meanwhile, Iran escalated attacks on oil facilities and transport in the Middle East, amid statements from its supreme leader affirming the closure of the Strait of Hormuz.

This still uncertain environment kept the US dollar in demand among market participants. Consequently, the scope for appreciation of other currencies, including the rupiah, became more limited.