Indonesian Rupiah Strengthens Against US Dollar at Friday Opening

Currency Market Dynamics

The Indonesian rupiah opened 0.06% stronger against the US dollar on Friday, November 14, 2025, reaching Rp16,718 per USD according to Bloomberg data at 09:00 WIB. This movement occurred as global investors were awaiting the release of delayed US economic data, which is expected to show a slowdown in economic activity. The US dollar index was up 0.03% to 99.18 during the same period.

Regional Currency Movements

Various Asian currencies showed mixed performance against the US dollar. The Japanese yen weakened 0.01%, while the Hong Kong dollar remained stagnant. The Singapore dollar fell 0.01%, and the Taiwanese dollar weakened 0.26%. In contrast, the South Korean won strengthened 0.42%, the Philippine peso rose 0.20%, and the Thai baht gained 0.06%. The Chinese yuan remained unchanged.

Major Bank Exchange Rates

Major Indonesian banks set the following exchange rates for the US dollar on November 14, 2025:

1. Bank Central Asia (BCA):

   • E-rate: Buying Rp16,705, Selling Rp16,725
   • TT Counter: Buying Rp16,555, Selling Rp16,855
   • Bank Notes: Buying Rp16,555, Selling Rp16,855

2. Bank Rakyat Indonesia (BRI):

   • E-rate: Buying Rp16,698, Selling Rp16,723
   • TT Counter: Buying Rp16,615, Selling Rp16,815

3. Bank Mandiri:

   • Special Rate: Buying Rp16,705, Selling Rp16,735
   • TT Counter: Buying Rp16,525, Selling Rp16,825
   • Bank Notes: Buying Rp16,525, Selling Rp16,825

4. Bank Negara Indonesia (BNI):

   • Special Rates: Buying Rp16,701, Selling Rp16,731
   • TT Counter: Buying Rp16,565, Selling Rp16,865
   • Bank Notes: Buying Rp16,565, Selling Rp16,865

Market Analysis

Global investors are cautious as they await the release of delayed US economic data, which is expected to show a slowdown. According to Ray Attrill, Head of FX Research at National Australia Bank, there is a sense of 'sell America' returning to the market, reminiscent of the volatility seen in April. Joseph Capurso from Commonwealth Bank of Australia noted that while weak data typically triggers expectations of Fed easing, the uneven releases could explain why Fed funds futures are moving in the opposite direction.

Economic Context

The current market movements are influenced by expectations of US economic performance and potential Federal Reserve policy decisions. The probability of a 25 basis point rate cut in December is currently estimated to be below 50% according to market expectations.