Controlled Rupiah Exchange Rate Amid Global Uncertainty, This Is BI's Kick

Illustration. (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) noted that the condition of the rupiah exchange rate on Tuesday, October 21, 2025 was recorded at IDR 16,585 per US dollar, or strengthened 0.45 percent (ptp) compared to the level at the end of September 2025.

BI Governor Perry Warjiyo said that the rupiah weakened in September 2025 by 1.05 percent (ptp) compared to the level at the end of August 2025 in line with quite high uncertainty.

However, he said the rupiah exchange rate remained under control amid global uncertainty, supported by Bank Indonesia's stabilization policy.

According to him, in order to maintain the stability of the Rupiah exchange rate, Bank Indonesia is taking stabilization steps through intervention in the spot market and the NDF market both off-shore and on-shore (DNDF), as well as the purchase of SBN in the secondary market.

"This policy response provides positive results, as reflected in the development of the rupiah which strengthened again in October 2025," Perry said at a press conference, Wednesday, October 22.

Perry said that the increase in the conversion of foreign currency to rupiah by exporters in line with the application of strengthening the Natural Resources Export Result Foreign Exchange (DHE SDA) policy also supports the control of the rupiah exchange rate.

In the future, he estimates that the rupiah exchange rate will remain stable, supported by BI's commitment to maintaining stability in the rupiah exchange rate, attractive returns, low inflation, and still better prospects for Indonesia's economic growth.

"Bank Indonesia continues to strengthen the response to stabilization policies amid high global uncertainty, including through measurable interventions in the spot market, off-shore NDF and domestic NDF, as well as purchases of SBN in the secondary market," he concluded.