About this pair
ARS/IDR: what to know
The ARS/IDR rate shows how much IDR you get for 1 ARS. Right now, 1 ARS buys 11.6246 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.0860 ARS.
In the short term ARS is driven mainly by high inflation and economic policy, while IDR responds to commodity prices and capital flows.
The Argentine Peso (ARS) is issued by Central Bank of Argentina. Argentina has battled high inflation repeatedly and carried out several redenominations. The Indonesian Rupiah (IDR) is issued by Bank Indonesia. The rupiah has some of the world’s highest denominations — notes go up to 100,000.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.