The exchange rate forecast for SGD to IDR reflects a complex interplay of recent developments affecting both currencies. As of November 11, 2025, the SGD is trading at approximately 12,832 IDR, remaining stable within a 1.8% range, which aligns closely with its three-month average.
Analysts have noted the Monetary Authority of Singapore's recent monetary policy adjustments, including an easing of the S$NEER policy band in April 2025 amidst global trade uncertainties. This was coupled with a revised GDP growth forecast of 1.5%-2.5%, indicating a more optimistic economic outlook than previously anticipated. This potential for economic resilience has underpinned the SGD's strength, particularly as it retains attributes of a safe-haven currency during financial turbulence.
Conversely, the Indonesian Rupiah is facing challenges that include significant central bank interventions to stabilize the currency, which have had a positive impact in recent weeks. However, the unexpected political upheaval following the removal of Finance Minister Sri Mulyani Indrawati has introduced uncertainty, leading to a brief depreciation of the IDR. This political instability, compounded by a surprise interest rate cut by Bank Indonesia in September, raises concerns over fiscal discipline and may affect investor confidence moving forward.
Global economic pressures, particularly those originating from U.S. monetary policy and trade tensions, continue to influence the IDR's valuation. With rising U.S. Treasury yields and a stronger dollar, analysts caution that these factors could create additional downward pressure on the Rupiah.
Given these dynamics, forecasters suggest that while the SGD may maintain its position due to supportive economic conditions and its safe-haven status, the IDR's outlook remains contingent on resolving both domestic political factors and international pressures. This evolving scenario invites close monitoring by individuals and businesses engaged in international transactions to optimize their exchange rate strategies effectively.
