JAKARTA - The rupiah exchange rate on Friday, March 13, 2026 is expected to weaken against the US dollar.
To note, quoting Bloomberg, on Thursday, March 12, the spot rupiah exchange rate closed down 0.04 percent to Rp16,893 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.19 percent to the price level of Rp16,899 per US dollar.
Doo Financial Futures analyst Lukman Leong, predicts that the rupiah exchange rate will weaken against the US dollar.
He added that the pressure was triggered by the reappearance of risk-off sentiments in the market, following the rise in oil prices after Ali Khamenei's statement that the Strait of Hormuz would still be closed.
"The rupiah is expected to weaken against the US dollar amid a return of risk-off sentiment from rising oil prices in response to Khamenei's statement that the Strait of Hormuz will still remain closed," he told VOI, Friday, March 13.
Lukman estimates that the movement of the rupiah on Friday, March 13, 2026 will be in the range of Rp16,850-Rp16,950 per US dollar.
Similarly, money market observer Ibrahim Assuaibi, said that world oil prices jumped sharply on Thursday and briefly broke through the $100 per barrel level and the spike was triggered by media reports that two international oil tankers were attacked near Iraqi territory.
"Other reports indicate that Oman is evacuating its main oil export terminals, while Iran is seen blocking the Strait of Hormuz, the main supply route for about a fifth of the world's oil," he explained.
He added that the increase in oil prices made market participants more alert to the potential for long-term inflation.
According to him, this condition also raises concerns that central banks will take more aggressive monetary policies in the next few months.
"Diverse signals about the Iran conflict also triggered fluctuating price movements in the metal market this week," he said.
Ibrahim predicted that the rupiah would move fluctuatio on Friday, March 13, 2026 in the price range of IDR 16,890 to IDR 16,920 per US dollar.
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