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Communication Department​

2/3/2021 12:00 AM
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Bank Indonesia Strengthens JISDOR Reference Rate

Government Press Release

No. 23/30/DKom

Bank Indonesia has strengthened the reference Jakarta Interbank Spot Dollar Rate (JISDOR) in order to enhance domestic foreign exchange market credibility and support exchange rate stability in Indonesia.  Implementation will become effective on 5th April 2021.  The decision aims to accelerate financial market deepening based on a recent directive agreed at the monthly Bank Indonesia Board of Governors meeting (RDG) in January 2021.

Strengthened from two aspects, JISDOR represents the rupiah exchange rate against the US dollar for interbank transactions in the foreign exchange market, including transactions with overseas banks.  First, the data collection window has been extended from 08:00-09:45 WIB previously to 08:00-16:00 WIB to ensure JISDOR reflects spot transactions occurring throughout the day.  Second, JISDOR will now be announced at 16:15 WIB rather than 10:00 WIB previously.  During the current period of adjusted operational hours for the domestic foreign exchange market in relation to the Covid-19 pandemic, the JISDOR calculation period is from 09:00-15:00 WIB, with JISDOR published at 15:15 WIB.

Bank Indonesia has strengthened JISDOR as part of its efforts to realise the money market development vision in line with best practices.  Strengthening was required in order to develop a credible pricing reference in line with money market development.  In addition, JISDOR strengthening is consistent with the benchmark reform initiative currently underway in global financial markets, namely to establish reference rates that represent daily exchange rates supported by best practice methodologies.  To that end, Bank Indonesia will continue to coordinate with various stakeholders, JISDOR users in particular, such as market players and the corporate sector, to ensure effective and orderly implementation.

JISDOR is published every workday and can be downloaded from the Indicator Page on the Official Bank Indonesia Website


Jakarta, 3rd February 2021

Head of Communication Department

Erwin Haryono

Executive Director


Information about Bank Indonesia

Tel. 021-131, Email:


​​​Contact Center BICARA : (62 21) 131 e-mail :
Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time

Halaman ini terakhir diperbarui 2/10/2021 3:50 PM
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