The Rupiah Has the Opportunity to Strengthen Limited Even Though Global Conflicts Are Still Heating Up

Photo: Antara

JAKARTA - The rupiah exchange rate on Wednesday, March 11, 2026 is expected to strengthen against the US dollar.

To note, quoting Bloomberg, on Tuesday, March 10, the spot rupiah exchange rate closed up 0.51 percent to Rp16,863 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed up 0.56 percent to a price level of Rp16,879 per US dollar.

Doo Financial Futures analyst Lukman Leong assessed that the rupiah exchange rate has the potential to move consolidating with a tendency to strengthen in a limited manner, driven by a significant decline in oil prices.

"The rupiah is expected to consolidate with limited potential for strengthening supported by a significant decline in oil prices," he told VOI, Wednesday, March 11.

However, Lukman added that the still-heated conflict between the United States, Israel, and Iran is expected to remain a factor that will suppress the movement of the rupiah.

"However, the US-Israel-Iran war, which is still intense, will continue to burden the rupiah," he explained.

Lukman estimates that the movement of the rupiah on Wednesday, March 11, 2026 will be in the range of Rp16,800-Rp16,950 per US dollar.