Rupiah Strengthens Below Rp 16,600, Consider the Sentiments Supporting It
According to Bloomberg, Friday (October 3, 2025), the rupiah closed up 0.21% to Rp 16,563 per US dollar. Over the week, the spot rupiah has strengthened 1.05% from Rp 16,738 last week.
According to Bank Indonesias (BI) Jisdor, the rupiah strengthened slightly by 0.0060% to Rp 16,611 per US dollar. Over the week, the rupiahs Jisdor had strengthened 0.98% from Rp 16,775 last week. Doo Financial Futures currency analyst Lukman Leong believes the rupiahs strengthening this week was supported by positive domestic economic data, such as the August trade surplus and inflation rising to 2.65% in September.
Furthermore, Minister Purbayas statement that he would continue coordinating with Bank Indonesia to maintain rupiah stability also served as another positive catalyst for the rupiahs strength this week.
Risk-on sentiment in the equity market also supported the rupiah this week, Lukman explained to Kontan, Friday On the other hand, Lukman continued, the US dollar index is actually under pressure, particularly from the weakening ADP Nonfarm Employment Change (ADP) data.
Next week, Lukman estimates the rupiah will fluctuate in line with the minutes of the Feds FOMC meeting. The market expects Chairman Jerome Powells speech regarding the direction of the Feds monetary policy to be hawkish.
Domestically, the release of foreign exchange reserves, predicted to rise to US$159 billion, will also influence the rupiahs movement next week.
Generally, domestic sentiment is not entirely positive; the recent strengthening, based solely on government statements, will not be sustainable, he said.
Source : kontan.co.id
Oct 4, 2025
Bank note current rate: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Last Updated :16 Oct 2025 - 03:28 PM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
These are indicative rates. For actual exchange rates, please visit or call our outlets at (0361) 4741 940. We reserve the right to change the rates at any time without prior notice. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Please Note : Central Kuta does not sell foreign currencies in small denominations. Please Contact us for further information. |