Rupiah Exchange Rate 13 March 2026: Pressured at Rp16,900 per US Dollar

The Indonesian rupiah against the US dollar on Friday trading (13 March 2026) remained overshadowed by a weakening trend. The Garuda currency was recorded moving in the range of Rp16,850 to Rp16,950 per US dollar amid elevated global economic uncertainty stemming from the conflict in the Middle East.

Market conditions today were heavily influenced by escalating tensions between the United States and Iran. Threats of a blockade at the Strait of Hormuz triggered a surge in global crude oil prices exceeding US$100 per barrel. This prompted concerns about higher global inflation and pressured developing country currencies, including Indonesia.

Beyond external factors, investors also remained cautious ahead of the release of US PCE inflation data, which will determine the direction of the Federal Reserve’s interest rate policy in the future.

The rupiah is predicted to remain volatile with a slight weakening tendency at the close of afternoon trading. Bank Indonesia’s intervention in the DNDF (Domestic Non-Deliverable Forward) market is expected to prevent the exchange rate from breaching the psychological level of Rp17,000 per US dollar.

The depreciation of the rupiah against the US dollar since the Israel-US war against Iran has been recorded at 0.3 per cent. On Monday, 9 March 2026, the rupiah broke through the psychological level of Rp17,000 per US dollar due to surging global oil prices and tensions in the Middle East.

Finance Minister Purbaya Yudhi Sadewa stated that controlling the rupiah’s exchange rate against the US dollar could still be managed effectively.