Rupiah Weakens, US Dollar Exchange Rate Rises to Rp17,085
Jakarta, CNBC Indonesia - The rupiah exchange rate ended the final trading session of the week in a weakening zone against the United States (US) dollar. According to Refinitiv data, at the close of trading on Friday (10/4/2026), the rupiah closed at Rp17,085/US$ or depreciated by 0.03%.
However, at the opening of trading this morning, the rupiah initially strengthened by 0.09% to the level of Rp17,065/US$. This strengthening did not last long, and the rupiah reversed to weaken until the end of trading.
Meanwhile, the US dollar index (DXY) at 3:00 PM WIB was recorded strengthening by 0.32% to the level of 98.819.
The weakening of the rupiah exchange rate against the greenback in today’s trading was influenced by sentiments from both domestic and international sources.
Currency analyst and Director of PT Laba Forexindo Berjangka, Ibrahim Assuaibi, assessed that externally, the current rupiah weakening is heavily influenced by geopolitical tensions in the Middle East. Plans for a ceasefire agreement between the United States, Iran, and Israel are the key sentiment in the near term.
“Today, there is an agreement to be signed in Pakistan between the United States with Iran and Israel regarding a two-week ceasefire. Whether this succeeds or not depends on this. If it turns out to be successful, with a signing for two weeks, the rupiah is likely to experience strengthening,” said Ibrahim to CNBC Indonesia, quoted on Friday (10/4/2026).
Domestically, sentiment also comes from the results of Bank Indonesia’s Consumer Survey for the March 2026 period.
The results show that the Consumer Confidence Index (IKK) was recorded to decline to the level of 122.9 from the previous 125.2. Although it declined, the current IKK condition remains in the optimistic zone because it is still above 100.
The strong consumer confidence is supported by perceptions of the current economic conditions as well as expectations for the next six months.
“Bank Indonesia’s Consumer Survey in March 2026 indicates that consumer confidence in economic conditions remains strong. This is reflected in the March 2026 Consumer Confidence Index (IKK) which is at an optimistic level (index >100) of 122.9,” wrote Bank Indonesia in its statement on Friday (10/4/2026).
In addition, the Current Economic Condition Index (IKE) and Consumer Expectations Index (IEK) also remained at optimistic levels, at 115.4 and 130.4 respectively. This condition shows that households still have sufficient confidence in the national economic situation, even as global financial markets are overshadowed by uncertainty.