Rupiah Exchange Rate Weakens to Rp17,859 per US Dollar on 2 June 2026

The exchange rate of the Rupiah against the US Dollar opened weaker in Tuesday (2/7) morning trading. The Rupiah experienced pressure amidst fluctuating global market dynamics. Based on the latest trading data, the Rupiah weakened by 54.50 points, a correction of 0.31%. With this decline, the Rupiah’s position is now at the level of Rp17,859 per US Dollar, compared to the previous closing position of Rp17,805 per US Dollar.

This weakening indicates negative sentiment overshadowing the domestic currency’s movement since the market opening. Market participants tend to be cautious regarding the release of global economic data that could influence the monetary policy of the United States central bank, the Federal Reserve (The Fed). This condition also reflects the strengthening of the US Dollar index, which provides additional pressure on emerging market currencies, including Indonesia. Nevertheless, these fluctuations remain under the monitoring of monetary authorities to ensure that exchange rate stability is maintained amidst international financial market uncertainty.

Money market observer Ibrahim Assuaibi predicts that the Rupiah exchange rate could touch Rp18,000 per US Dollar next week. Meanwhile, the depreciation of the Rupiah has been noted alongside various geopolitical tensions, including US-Iran military tensions in the Strait of Hormuz, which have previously contributed to currency pressure. Bank Indonesia (BI) is closely monitoring the latest developments in the Rupiah exchange rate to ensure stability.