Weekly Tax Exchange Rate: Rupiah Weakens against US Dollar, Nov

The Ministry of Finance, via Decree No. 23/MK/EF.2/2025, set the tax exchange rates for the period 5‑11 November 2025. The rupiah continued to weaken against the US dollar, the primary benchmark for tax payments.

The tax rate is set at Rp16,630 per US$1, up from Rp16,614 the previous week. Rates for the Australian dollar, Malaysian ringgit and Singapore dollar are Rp10,913.74, Rp3,962.50 and Rp12,811.99 respectively, each higher than last week, while the euro fell to Rp19,289.54 per €1; the yen rate is quoted per 100 yen.

These rates are used to calculate Value‑Added Tax, luxury goods tax and import duties on cross‑border transactions. Companies and individual taxpayers must apply the published rates when converting foreign currencies for tax purposes. The rates remain effective for seven days until 11 November 2025.