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