Market Update 12 Nov 2026

Market Closing – Wednesday, 11 November 2026

• The Jakarta Composite Index (JCI/IHSG) closed lower at 5,115, compared to the previous trading day's close of 5,125.
• The Indonesian Rupiah weakened against the US Dollar, closing at IDR 18,145/USD, compared to the previous day's closing level of IDR 18,050/USD.

Domestic Market

• The Rupiah's movement against the US Dollar was influenced by several factors, including a correction of approximately 2% in crude oil prices, with West Texas Intermediate (WTI) trading at around USD 85 per barrel and Brent crude at approximately USD 90 per barrel. Meanwhile, geopolitical tensions in the Middle East remained elevated following the US attack on Qeshm Island, Iran, and disruptions to tanker shipping in the Strait of Hormuz. These developments continued to weigh on investor sentiment, despite the easing trend in global oil prices.
• The JCI closed lower, underperforming most major Asian equity markets, which generally ended the session in positive territory. Several Asia-Pacific indices advanced, supported by gains in AI-related technology stocks and declining global oil prices. In contrast, the JCI came under pressure from domestic market sentiment.

Global Market

• Bank of England (BoE) Deputy Governor Clare Lombardelli stated that the UK's labour market, characterised by a "low hiring, low firing" dynamic, could make efforts to ease wage pressures more challenging. Lombardelli cautioned that interest rates may need to rise again.
• China's trade surplus surged to slightly above USD 1 trillion year-to-date, marking only the second time in history that this milestone has been reached, despite import growth outpacing export growth in October.
• Japan and Vietnam agreed to deepen cooperation in trade, technology, defence, and energy security during a bilateral leaders' meeting in Tokyo. The visit resulted in several agreements, with both countries committing to increasing bilateral trade to USD 100 billion by 2030. Discussions also covered cooperation across various sectors, including gas-fired power generation and liquefied natural gas (LNG).

Rupiah Outlook

Based on the above developments, the Rupiah is expected to trade within the range of IDR 18,120–18,220 per USD today, amid ongoing developments in global geopolitical conditions.

NDF Indicative Rate (08:30 WIB): IDR 18,205–18,215/USD

Indonesia's Key Economic Indicators

Sources: CNBC Indonesia, Trading Economics, Bank Indonesia, Reuters

Closing Exchange Rates

Foreign Currencies Available for Transactions

J Trust Bank – Bank Notes (BN) & Telegraphic Transfer (TT)

1. US Dollar (USD)
2. Singapore Dollar (SGD)
3. Japanese Yen (JPY)
4. Euro (EUR)
5. Australian Dollar (AUD)
6. British Pound Sterling (GBP)
7. Chinese Yuan (CNY)
8. New Zealand Dollar (NZD)
9. Hong Kong Dollar (HKD)
10. South Korean Won (KRW)

Foreign Exchange Transaction Requirements Against the Rupiah

• Transactions up to and including the applicable threshold (≤ threshold): Customers are only required to submit an Under-Threshold Declaration Letter and a copy of their identification document.
• Transactions exceeding the applicable threshold (> threshold): Customers are required to submit an Above-Threshold Declaration Letter, supporting underlying transaction documents, Taxpayer Identification Number (NPWP), and a copy of their identification document.

Contact – J Trust Bank Indonesia Treasury Sales

Telephone: (021) 2926-1114 (Hunting)

• Bintang: 0812 2650 949
• Hanif: 0811 8762 001
• Naomi: 0877 0633 1585
• Ade: 0821 6939 7410

Disclaimer

Although this information has been prepared by PT Bank JTrust Indonesia Tbk (J Trust Bank) based on sources believed to be reliable, J Trust Bank makes no representation or warranty, express or implied, as to its accuracy or completeness, and accepts no responsibility for any errors or omissions. Accordingly, the information contained herein does not constitute a guarantee of future performance and should not be relied upon as such. All information disclosed herein is subject to change without prior notice. No part of this publication may be reproduced in any form without the prior written consent of J Trust Bank.