Rupiah Weakens Against USD as Regional Currencies Follow

Currency Market Dynamics

The Indonesian rupiah opened weaker at Rp16,700 per USD on Tuesday, November 11, 2025, marking a 0.28% decline. This depreciation was part of a broader regional trend as several Asian currencies also lost ground against the USD. The dollar index rose 0.10% to 99.68, contributing to the pressure on regional currencies.

Exchange Rate Movements Across Major Indonesian Banks

Major Indonesian banks displayed varying USD exchange rates:

• PT Bank Central Asia Tbk. (BBCA) quoted USD at Rp16,688-Rp16,708 (e-rate)
• PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) offered Rp16,598-Rp16,730 (e-rate)
• PT Bank Mandiri (Persero) Tbk. (BMRI) set special rates at Rp16,695-Rp16,715
• PT Bank Negara Indonesia (Persero) Tbk. (BBNI) priced at Rp16,689-Rp16,719 (special rate)

Market Analysis and Economic Indicators

Currency analyst Ibrahim Assuaibi had predicted a stronger rupiah in the range of Rp16,600-Rp16,660, citing expectations of a potential 25 basis point rate cut by The Fed in December 2025 following weak US job market data. The CME Fedwatch tool indicated a 61.9% probability of such a cut.

Domestic Economic Sentiment

Despite currency fluctuations, domestic consumer confidence showed improvement. Bank Indonesia's Consumer Survey recorded a jump in the Consumer Confidence Index to 121.2 in October 2025 from 115.0 in September, indicating strong optimism about economic prospects. Both the Current Economic Condition Index (ICE) and Consumer Expectations Index (IEC) showed significant improvements, suggesting positive outlook for household consumption and economic growth in Q4/2025.