Rupiah Strengthens, but Indonesian Banks Still Selling Dollars Above Rp17,000

Jakarta – The Indonesian rupiah opened stronger against the US dollar on Tuesday, 17 March 2026, reversing the previous trading session’s weakness. According to Refinitiv data, the rupiah opened in positive territory with an appreciation of 0.12% to the level of Rp16,965 per US dollar.

This gain reversed the previous day’s position, when the rupiah closed weaker at 0.30% depreciation at Rp16,985 per US dollar. Indonesian banks continued to offer US dollars at sell rates above Rp17,000. Some banks were observed selling at rates extending up to Rp17,265 per US dollar.

The following are the US dollar exchange rates at Indonesian national banks on Tuesday, 17 March 2026:

BCA (Bank Central Asia)

As of 13.26 WIB:

E-Rate: Buy Rp16,977 / Sell Rp16,997

TT Counter: Buy Rp16,790 / Sell Rp17,090

Bank Notes: Buy Rp16,790 / Sell Rp17,090

Bank Mandiri

As of 10.17 WIB:

Special Rate: Buy Rp16,950 / Sell Rp16,980

TT Counter: Buy Rp16,740 / Sell Rp17,040

Bank Notes: Buy Rp16,740 / Sell Rp17,040

BNI (Bank Negara Indonesia)

As of 13.50 WIB:

Special Rates: Buy Rp16,979 / Sell Rp16,999

TT Counter: Buy Rp16,840 / Sell Rp17,140

Bank Notes: Buy Rp16,840 / Sell Rp17,140

BRI (Bank Rakyat Indonesia)

As of 13.52 WIB:

E-Rate: Buy Rp16,972 / Sell Rp16,998

TT Counter: Buy Rp16,875 / Sell Rp17,075

HSBC Indonesia

As of 09.03 WIB:

Transfer rates: Buy Rp16,740 / Sell Rp17,190

Banknote rates: Buy Rp16,665 / Sell Rp17,265

MUFG Bank Jakarta Branch

As of 10.00 WIB:

Exchange rate: Buy Rp16,650 / Sell Rp17,250

UOB Indonesia

As of 08.36 WIB:

Buy Rp16,666 / Sell Rp17,192

CIMB Niaga

As of 11.30 WIB:

Foreign exchange rate: Buy Rp16,975 / Sell Rp16,990

Converter rate: Buy Rp16,975 / Sell Rp16,990