Executive Summary

Key insights and market outlook

The Indonesian rupiah strengthened against the US dollar on Wednesday (24/12/2025), ending a seven-day losing streak. The currency opened 0.08% stronger at Rp16,773 per USD ¹

. The Indonesian Stock Exchange (IDX) Composite Index (IHSG) showed mixed performance, rising 0.03% to 8,587.49 during the first trading session ³. Regional markets displayed varied movements with thin trading volume ahead of Christmas holidays.

Full Analysis

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Deep Dive Analysis

Indonesian Financial Markets Show Resilience Ahead of Christmas 2025

Rupiah Strengthens After Seven-Day Decline

The Indonesian rupiah broke its seven-day losing streak against the US dollar on Wednesday (24/12/2025), opening 0.08% stronger at Rp16,773 per USD ¹

. According to Bloomberg data, this positive movement came as the US dollar faced pressure ahead of Christmas holidays. The rupiah's performance was better than expectations, particularly after a recent expert predicted potential weakening ⁵.

Mixed Performance in Stock Market

The Indonesian Stock Exchange (IDX) Composite Index (IHSG) showed mixed performance during early trading. In the first session, IHSG rose 0.03% to 8,587.49, with trading volume reaching 19 billion shares worth Rp13.9 trillion ³

. During the morning session, the index was seen fluctuating around the 8,583 level, with 285 stocks declining, 234 rising, and 175 remaining stagnant ⁶. Notable gainers included SCMA, ASII, and INCO ³.

Regional Market Trends

Asian markets displayed varied movements on Wednesday morning as trading activity remained thin ahead of Christmas celebrations. The Nikkei 225 index in Japan rose 0.14%, while Topix remained relatively flat ⁴

. Other regional currencies also showed mixed performance against the US dollar, with the Korean won leading gains at 1.16% ⁵.

Market Analysis and Outlook

The rupiah's strengthening was supported by various factors, including expectations of further monetary easing by the Fed in 2026 ⁵

. Domestic factors such as undisbursed bank loans amounting to Rp2,500 trillion as of November 2025 also influenced market sentiment ⁵. Major Indonesian banks showed varying USD exchange rates, with BCA quoting Rp16,763 (buy) and Rp16,783 (sell) ⁵.

References