Indonesian rupiah (IDR) Exchange Rates & Currency Deals

Bias USDIDR is bullish-to-range-bound as it sits above its 90-day average and in the upper half of its 3-month range. Key drivers - Rate gap: The US Federal Reserve is expected to cut rates toward a neutral stance in 2026, while Bank Indonesia has room to keep policy supportive; this compresses the policy gap and tends to hold IDR steady. - Domestic macro: Indonesia’s economy remains resilient with a trade surplus, though foreign inflows into government bonds are weaker, creating mixed pressure on the rupiah. - External risk: Global policy uncertainty and geopolitical tensions can spark dollar strength if risk appetite falters, limiting downside for USDIDR. Range The pair is likely to drift within its recent 3-month range, with a tilt toward the upper end but not breaking the bounds. What could change it - Upside risk: hotter US payrolls or a less dovish Fed stance could lift the dollar. - Downside risk: softer US data or clearer easing path for the Fed could support IDR and trim dollar strength