IDR/AUD: what to know
The IDR/AUD rate shows how much AUD you get for 1 IDR. Right now, 1 IDR buys 0.0000794772 AUD at the mid-market rate. In the other direction, 1 AUD is worth 12,582.23 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while AUD responds to commodity prices and Chinese demand.
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. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
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.