JISDOR, Non-USD/IDR Reference Rate, and Transaction Rate

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JISDOR

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Foreign Exchange Reference Rate: Jakarta Interbank Spot Dollar Rate (JISDOR) represents the USD/IDR spot price based on real-time interbank USD/IDR foreign exchange transactions against the rupiah in the domestic foreign exchange market captured by Bank Indonesia's monitoring system of foreign exchange transactions against the rupiah (SISMONTAVAR). JISDOR provides a representative market price benchmark rate for USD/IDR spot transactions in the domestic foreign exchange market. JISDOR has been published since 20th May 2013.

  • JISDOR data is published daily, excluding Saturday, Sunday and national holidays as well as other bank holidays.
  • In the event of insufficient interbank spot transactional data during the specified window due to data unavailability or system failure, JISDOR will refer to the exchange rate of the previous day.
  • The strengthening of JISDOR is effectively starting on Monday, 5th April 2021 as stated on “BI Board Governors result and news release on 21st January 2021"
  • Furthermore, through the issuance of Member of the Board of Governors Regulation No. 7 of 2026 concerning Amendments to Member of the Board of Governors Regulation No. 11 of 2024 on Foreign Exchange Transactions, the JISDOR transaction data collection window is set at 09:00–15:00 WIB, with publication at 15:15 WIB. The current JISDOR data collection period is designed to align with the operating hours of interbank foreign exchange transactions against the rupiah, in line with the implementation window of Bank Indonesia’s foreign exchange monetary operations.
  • Frequently asked questions regarding the implementation of the strengthening of JISDOR are able to be seen on JISDOR FAQ.​
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Specification  Description
Currency Pair​​ USD/IDR​
Data Type
 Actual interbank USD/IDR spot transactions
Contributor ​
 All foreign exchange banks conducting USD/IDR spot transactions in the interbank market within the specified window
Data Reporting Media  SISMONTAVAR
Published by 

 Bank Indonesia
Data Capture Window  09.00 – 15.00 WIB
Cut-off Time 15.00 WIB
Publication time
 15.15 WIB
Calculation Method  The weighted average based on the transaction volume and exchange rates of interbank spot transactions between the United States dollar and the rupiah in the foreign exchange market, including transactions conducted between banks and offshore banks.
Publication Media
 BI website​

  • In term of the operational domestic foreign exchange market time change, the data collection and publication period of JISDOR will be adjusted following the operational domestic foreign exchange market time.
  • Due to Covid-19 pandemic, The JISDOR transaction data formation collecting period will be conducted from 09.00 – 15.00 WIB and will be published at 15.15 WIB.

Non-USD/IDR Reference Rate

  • Non-USD/IDR Reference Rate are Indonesian Rupiahs to several currencies exchange rate.  The Reference Rate are aimed to help market participants in rate setting for non-USD derivative transaction settlements.
  • Through the issuance of Member of the Board of Governors Regulation No. 7 of 2026 concerning Amendments to Member of the Board of Governors Regulation No. 11 of 2024 on Foreign Exchange Transactions, the non-USD/IDR reference exchange rates are published daily at 15:30 WIB.

Specification  Description
Currency Pair​​s
AUD/IDR
CAD/IDR
CHF/IDR
CNH/IDR
CNY/IDR
EUR/IDR
GBP/IDR
JPY/IDR
KRW/IDR
MYR/IDR
NZD/IDR
SAR/IDR
SGD/IDR
THB/IDR
INR/IDR
PHP/IDR
AED/IDR
Data Type
 JISDOR and the closing rate of several pre-determined currency pairs published by specific institution.
Issuer​
 Bank Indonesia
Publication time
 15.30 WIB
Publication Media
 BI website​

​BI ​Transaction Rates​

  • ​Bank Indonesia foreign exchange rates are presented in the form of buy and sell rates of foreign currencies against Rupiah, as a reference for BI transactions with a third party, such as the government.
  • The mid-market rate of Bank Indonesia USD/IDR transaction uses the benchmark rate (JISDOR) D-1.
  • Bank Indonesia announces its foreign exchange rate once a day at 08.00 a.m.
  • The adjustment of publication time of foreign exchange rate in relation to the strengthening of JISDOR is effectively commenced on Monday, 5th April 2021.

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