Middle East Tensions Press the Rupiah, Potentially Touch Rp17,350 per US Dollar

JAKARTA - The rupiah exchange rate on Friday, April 24, 2026 is expected to weaken against the US dollar.

To note, quoting Bloomberg, on Thursday, April 23, the spot rupiah exchange rate closed down 0.61 percent to Rp17,286 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.75 percent to a price level of Rp17,308 per US dollar.

Doo Financial Futures analyst Lukman Leong said that the rupiah exchange rate is expected to weaken again against the US dollar.

He added that this weakening was triggered by the rise in crude oil prices and the increase in the yield of US bonds, along with the heating of tensions in the Middle East region.

"The rupiah is expected to weaken again against the US dollar amid the rise in crude oil prices and US bond yields by increasing tensions in the Middle East," he told VOI, Friday, April 24.

Lukman estimates that the movement of the rupiah on Friday, April 24, 2026 will be in the range of Rp17,200-Rp17,350 per US dollar.