2022 State Budget and Fiscal Incentives Presentation
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Strengthening Jakarta Interbank Spot Dollar Rate (JISDOR)
To accelerate money market deepening
The strengthening of JISDOR to increase domestic foreign exchange market credibility and support exchange rate
stability. This measures is in line with the benchmark reform initiatives taking place on global financial markets, to
establish a reference rate that represents daily exchange rates based on transactions supported by best practice
methodologies.
✓ Effective starting April 5, 2021
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JISDOR is obtained by calculating the weighted average based on transaction volume of the Rupiah exchange rate against
USD on the spot market within the specified time window
Before
Implementation
Specification
After
Implementation
Information
Currency Pair
USD/IDR
Not changed
Data type
Actual USD/IDR spot transactions traded
in interbank market
Not changed
Data Reporting Media
SISMONTAVAR
Publisher Administrator
Bank Indonesia
Observation Range
08.00-09.45
08.00-16.00
Not changed
Not changed
Changed
Jakarta Time
JISDOR Publication Time
Calculation Method
10.00 WIB
Weighted average rate of USD/IDR spot
transactions traded in interbank market
Jakarta Time *
16.15 WIB *
Changed
Not changed
Publication Media
Bank Indonesia Website
Not changed
*
Adjustment of the operational time for the domestic FX Market operating hours during The COVID-19 Pandemic:
Monitoring Period JISDOR ranges: 09.00-15.00, JISDOR published at 15.15 Jakarta Time.
JISDOR is available on every working days on https://www.bi.go.id/en/statistik/indikator/Default.aspx
Source: Bank Indonesia
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