COP/IDR: what to know
The COP/IDR rate shows how much IDR you get for 1 COP. Right now, 1 COP buys 5.6825 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.1760 COP.
In the short term COP is driven mainly by oil and commodity prices, while IDR responds to commodity prices and capital flows.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. 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.