Indonesian Rupiah Strengthens Against US Dollar at Opening

Currency Market Dynamics

The Indonesian rupiah opened stronger against the US dollar today, appreciating 0.04% to Rp16,632 per USD. This movement occurs as the US dollar index rose 0.13% to 99.22. Various Asian currencies showed mixed performance, with some weakening while others strengthened against the USD.

Major Banks' Exchange Rates

Major Indonesian banks have set the following USD exchange rates:

1. Bank Central Asia (BCA):

   • E-rate: Buy Rp16,620, Sell Rp16,640
   • TT Counter: Buy Rp16,450, Sell Rp16,760
   • Bank Notes: Buy Rp16,450, Sell Rp16,750

2. Bank Rakyat Indonesia (BRI):

   • E-rate: Buy Rp16,620, Sell Rp16,647
   • TT Counter: Buy Rp16,535, Sell Rp16,735

3. Bank Mandiri:

   • Special Rate: Buy Rp16,605, Sell Rp16,635
   • TT Counter: Buy Rp16,425, Sell Rp16,725
   • Bank Notes: Buy Rp16,425, Sell Rp16,725

4. Bank Negara Indonesia (BNI):

   • Special Rates: Buy Rp16,619, Sell Rp16,649
   • TT Counter: Buy Rp16,520, Sell Rp16,780
   • Bank Notes: Buy Rp16,520, Sell Rp16,780

Market Outlook and Influencing Factors

Analysts predict that the rupiah will move fluctuatingly but is expected to close weaker in the Rp16,620-Rp16,640 range per USD. The currency's movement is influenced by both domestic and international factors, including:

1. Expectations of further monetary easing by The Fed, with the CME FedWatch Tool indicating an 87.4% probability of a 25 basis point rate cut in December 2025.
2. Geopolitical tensions between Russia and Ukraine, which have escalated with increased drone attacks on Russian infrastructure.

These factors contribute to the complex dynamics influencing the rupiah and other Asian currencies in the current market environment.