GBP/IDR: what to know
The GBP/IDR rate shows how much IDR you get for 1 GBP. Right now, 1 GBP buys 24,414.00 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000041 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while IDR responds to commodity prices and capital flows.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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.