Rupiah Strengthens to Rp 17,390 After Government Releases Q1-2026 Economic Growth Data

Jakarta, VIVA – The rupiah’s exchange rate against the US dollar is predicted to remain volatile but closed weaker in trading today.

Based on data from the Jakarta Interbank Spot Dollar Rate (Jisdor) from Bank Indonesia, the rupiah against the US dollar stood at Rp 17,425 on Tuesday, 5 May 2026. This position weakened by 57 points from the previous rate of Rp 17,368 on Monday’s trading, 4 May 2026.

Meanwhile, in spot market trading on Wednesday, 6 May 2026, up to 09:01 WIB, the rupiah was traded at Rp 17,390 per US dollar. This position strengthened by 34 points or 0.19 percent from the previous level of Rp 17,424 per US dollar.

Economic and money market observer Ibrahim Assuaibi stated that the Central Statistics Agency (BPS) reported Indonesia’s economic growth at 5.61 percent year-on-year (yoy) in the first quarter of 2026.

The Gross Domestic Product (GDP) in the fourth quarter of 2025 at current market prices was Rp 6,187.2 trillion and at constant prices Rp 3,447.7 trillion. Thus, economic growth in the first quarter of 2026 compared to the first quarter of 2025 (yoy) grew by 5.61 percent.

Household consumption remained the main driver of economic growth in the first quarter of 2026. Household consumption performance during this period was primarily driven by population mobility during national holidays and Religious Holidays (Nyepi and Eid al-Fitr).

In addition, various government policies in controlling inflation as well as various government stimuli to encourage consumption, such as transport ticket discounts, the provision of THB or 13th-month salary, and setting the BI rate at 4.75 percent, also contributed to boosting public consumption.

Furthermore, the number of domestic tourist trips grew by 13.14 percent (yoy) in the first quarter of 2026, followed by an increase in passengers in several modes of transportation such as land transport, ASDP, air transport, and sea transport.

“The rupiah is volatile but closed weaker in the range of Rp 17,420-Rp 17,460,” he said.

For information, market sentiment remains fragile after the renewed military exchanges that occurred on Monday, when US and Iranian forces launched new attacks in the Gulf as both sides sought to assert control over the strategic waterway.