EUR/IDR: what to know
The EUR/IDR rate shows how much IDR you get for 1 EUR. Right now, 1 EUR buys 20,915.27 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000048 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while IDR responds to commodity prices and capital flows.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.