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Foreign exchange policy plays a crucial role in maintaining a country's economic stability, especially in the current era of globalization. Exchange rate fluctuations can affect various aspects of the economy, such as export and import prices and the trade balance. In the perspective of conventional economics, foreign exchange policies tend to focus on market efficiency and profit optimization through exchange rate stabilization by market intervention and interest rate management. Meanwhile, Islamic economics, based on sharia principles, emphasizes social justice and the prohibition of usury, as well as considering the impact of policies on the welfare of society as a whole. This study uses a comparative method to analyze foreign exchange policy from Islamic and conventional macroeconomic perspectives. The analysis includes a comparison of the theories, principles, and implementation of foreign exchange policies in the two economic systems. The study also examines case studies of countries that have adopted Islamic and conventional economic policies to see the practical impact of the policies. The results show fundamental differences in the approach and objectives of foreign exchange policy between Islamic and conventional economies. Conventional economics emphasizes short-term stability and quick response to market changes, while Islamic economics focuses on long-term sustainable and equitable solutions. This study fills the gap in the literature by providing a comprehensive analysis of foreign exchange policy from both perspectives. In addition, it offers implementation solutions that are acceptable to both economic perspectives, considering current global economic conditions. The solution is expected to guide policymakers in formulating a more inclusive and equitable foreign exchange policy, as well as open up opportunities for further research that explores the practical application of the theories discussed.