CNY/IDR: what to know
The CNY/IDR rate shows how much IDR you get for 1 CNY. Right now, 1 CNY buys 2,615.25 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000382373 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while IDR responds to commodity prices and capital flows.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. 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.