Indonesia’s currency market faced one of its toughest tests in years in during 2025. When US tariff announcements hit emerging markets in April, offshore pressure on the rupiah built during the Eid holidays. Bank Indonesia intervened in NDF markets in Asia, Europe and New York, then in spot and domestic NDF markets once onshore trading resumed. For corporate treasurers, the episode underlined the value of a bank able to price and hedge rupiah risk around the clock.
Citi is well placed to provide that service.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
