Research

Rupiah Is the Worst Performing Currency in ASEAN, Here's Why

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Algo Research Team

Market | Nov 02, 2025 | Views: 1461

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Key Summary:

  • IDR has consistently weakened over the past 20 years
  • Domestic and global risks have led to substantial outflows
  • Policy uncertainty undermines rupiah's stability and credibility

In the past one year, the Indonesian rupiah (IDR) has been the worst-performing currency among major ASEAN economies, depreciating by -6.3% against USD.


Even though the weakness in IDR is not entirely unique, particularly after the US trade war policy in Apr-25, several domestic issues have driven investors to sell the rupiah and move toward more stable currencies.

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