Rupiah Weakens, Breaches Rp 17,600 per US Dollar on Friday Morning

JAKARTA, KOMPAS.com - The rupiah exchange rate weakened again and breached a new psychological level above Rp 17,600 per US dollar during Friday morning’s trading (15/5/2026).

Based on monitoring on the Google Finance platform at 09:03 WIB, the rate of 1 US dollar was recorded at Rp 17,603.20. This movement is evident from Morningstar data displayed on Google Finance. On the Bloomberg platform, the rupiah is also still moving in a weakening trend against the US dollar.

Previously, the rupiah closed at Rp 17,529 per US dollar in the last trading session. Meanwhile, at the opening of trading today, the rupiah moved in the range of Rp 17,540 to Rp 17,550 per US dollar before finally breaching the Rp 17,600 per US dollar level.

Pressure on the rupiah occurred amid global US dollar strengthening, rising world oil prices, and increasing risk-off sentiment in financial markets due to Middle East geopolitical conflicts.

In agreement, Chief Analyst at Doo Financial Futures, Lukman Leong, said that the rise in world crude oil prices and global market sentiment are still weighing on regional currencies, including the rupiah.

“The rupiah and regional currencies are observed to weaken significantly against the US dollar due to the renewed rise in world crude oil prices,” said Lukman Leong, quoted from Kompas.com, Tuesday (12/5/2026).

Reuters also reported that the rupiah once touched a new all-time low at Rp 17,535 per US dollar due to the surge in oil prices and investor concerns over Indonesia’s fiscal condition.