Rupiah Shows Mixed Performance Against US Dollar

Market Opening and Exchange Rates

The Indonesian rupiah opened 0.08% stronger against the US dollar at Rp16,723 per USD on Friday, November 21, 2025, according to Bloomberg data ¹

. However, analysts predict the currency might weaken by the end of the trading session. The US dollar index was down 0.01% to 110.14 at the same time. Compared to other ASEAN currencies, Thai baht opened 0.04% higher, Malaysian ringgit 0.34% stronger, and Philippine peso 0.05% firmer ¹

Source 1

https://finansial.bisnis.com/read/20251121/90/1930644/kurs-dolar-as-hari-ini-2111-di-bca-bri-mandiri-dan-bni

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Major Bank Exchange Rates

Major Indonesian banks maintained the following USD/IDR exchange rates:

• BCA (BBCA): Buying Rp16,710, Selling Rp16,730 (e-rate)
• BRI (BBRI): Buying Rp16,698, Selling Rp16,725 (e-rate)
• Mandiri (BMRI): Buying Rp16,715, Selling Rp16,745 (special rate)
• BNI (BBNI): Buying Rp16,704, Selling Rp16,734 (special rate)

These rates varied slightly across different transaction types such as e-rate, TT Counter, and Bank Notes ¹

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Market Sentiment and Outlook

Currency analyst Ibrahim Assuaibi noted that the rupiah's movement was influenced by global sentiment, particularly the uncertainty surrounding the US Federal Reserve's monetary policy direction in December ¹

. The increasing skepticism among Fed officials about further rate cuts in December clouded the outlook for monetary policy.