Rupiah Predicted to Trade at Rp 17,380–Rp 17,430 Next Week
REPUBLIKA.CO.ID, JAKARTA – The rupiah exchange rate against the US dollar began to move away from the Rp 17,400 level per US dollar by the end of this week. It is predicted that next week, the Garuda currency will trade in the range of Rp 17,380–Rp 17,430 per US dollar.
Citing Bloomberg, the rupiah closed weaker by 49 points or 0.28 percent at Rp 17,382 per US dollar on the close of trading on Friday (7/5/2026). The rupiah had briefly breached the Rp 17,400 level per US dollar during this week’s trading.
“For trading on Monday (11/5/2026), the rupiah will be volatile but close weaker in the range of Rp 17,380–Rp 17,430,” said Currency and Commodities Analyst Ibrahim Assuaibi in his statement, quoted on Sunday (10/5/2026).
Ibrahim explained that several sentiments are influencing the rupiah’s fluctuations, both external and internal. Externally, the main sentiment stems from the dynamics of the war in the Middle East and the global geo-economic situation.
“The US and Iran are close to reaching an agreement that would end the fighting and allow the Strait of Hormuz to reopen fully, but it postpones larger issues related to Iran’s nuclear programme. However, fighting has broken out again between the US and Iran, threatening the fragile ceasefire and destroying hopes of reopening the Strait of Hormuz as the main transit route for oil and gas,” he explained.
Iran claims that the US violated the one-month ceasefire between the two countries, while the US states the attack was in response to Iranian fire on Thursday against its naval vessel passing through the strait. Iran’s military said the US had targeted an Iranian oil tanker, other vessels, and civilian areas in the strait and on land.
“Despite the renewed fighting, US President Donald Trump told reporters on Thursday that the ceasefire is still in effect,” he said.
It is known that the firefight occurred while Washington awaits Iran’s response to the latest peace proposal, which has not yet addressed several controversial issues, including the US demand to reopen the strait, which serves as a route for one-fifth of the world’s oil and gas supply. The Iran versus US-Israel war has been ongoing since 28 February 2026.
Other sentiments come from expectations of US Federal Reserve interest rate policy. Fed officials have provided differing views. Beth Hammack from the Cleveland Fed stated that interest rates “will remain stable for some time.” Mary Daly from the San Francisco Fed took a neutral to aggressive stance, affirming her commitment to returning inflation to the 2 percent target. Meanwhile, Minneapolis Fed President Neel Kashkari assessed that inflation is still too high.