Gotrade News - The Indonesian rupiah appreciated on Thursday (March 26, 2026), opening at IDR 16,886 per US dollar. This represents a 0.15% increase compared to the previous day's close at IDR 16,911 per US dollar.
This stability is crucial amidst the generally weakening Asian currencies. The Japanese yen remained at 159.47 per US dollar, while the Hong Kong dollar gained slightly alongside the rupiah.
Bank Mandiri's Chief Economist, Andry Asmoro, stated that US-Iran negotiations have a positive impact. Despite Iran's denials, the US intends to achieve a peace agreement.
Andry's statement highlights that easing tensions are influencing oil prices, which have dropped by 6%. This development provides temporary relief from inflationary threats.
Although the rupiah rose, major Asian currencies like the South Korean won and the Philippine peso weakened. This reflects global pressure dominance over the regional market.
The Malaysian ringgit recorded the deepest decline at 0.57%. Similarly, the Thai baht depreciated by 0.22% against the US dollar.
Market participants believe the rupiah's stability is supported by improving US-Iran relations. The US dollar index remains below its peak levels, despite no signs of Fed rate cuts.
The rupiah's appreciation signals conditional circumstances. It is expected to move between IDR 16,865 and IDR 16,932 per US dollar today.
Overall, the slight strengthening of the rupiah is significant amidst global pressures. Market participants will continue to monitor geopolitical developments and global monetary policy decisions closely.
Reference:
- MetroTV, Rupiah Pagi Ini Menguat ke Level Rp16.899. Accessed on March 26, 2026
- Tirto, Nilai Rupiah Hari Ini Dibuka Menguat ke Level Rp16.895. Accessed on March 26, 2026
- Katadata, Rupiah Diproyeksi Melemah Tersulut Skeptisme Perdamaian di Timur Tengah. Accessed on March 26, 2026
Featured Image: GPT Image 1.5
