World Bank Praises Rupiah Stability Amid Global Uncertainty

Emerging Market Currency Maintains Strength

The World Bank has highlighted that the Indonesian rupiah remains one of the most stable currencies among emerging markets despite ongoing geopolitical tensions and global economic uncertainty ¹

. David Knight, Lead Country Economist for Indonesia and Timor Leste at the World Bank, attributed this stability to Bank Indonesia's responsive monetary policy and Indonesia's strong macroeconomic fundamentals.

Factors Supporting Rupiah Stability

Several factors contribute to the rupiah's stability:

1. Bank Indonesia's timely interventions in the foreign exchange market
2. Strong macroeconomic fundamentals including a positive current account balance
3. Improved investor confidence due to stable economic policies

Market Performance on November 24, 2025

On November 24, 2025, the rupiah closed at Rp16,699 per USD, showing a 0.10% appreciation ²

. This movement was supported by positive market sentiment following developments in global geopolitical conflicts and Indonesia's economic data releases. The current account balance recorded a surplus of US$4.0 billion in Q3 2025, marking the first surplus in 10 quarters ²

Source 2

https://finance.detik.com/bursa-dan-valas/d-8225344/dolar-as-melemah-rp-16-707-pagi-ini

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Comparative Performance

The rupiah's performance was relatively stronger compared to other Asian currencies:

• Thai baht depreciated 0.26%
• Chinese yuan weakened 0.02%
• Philippine peso fell 0.07%
• South Korean won declined 0.29%

Market Outlook

Currency analyst Ibrahim Assuaibi noted that market sentiment was influenced by global developments, including the increasing probability of a 25 basis point rate cut by the Federal Reserve in December, rising to about 69% from 44% the previous week ¹

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