IDR/EUR: what to know
The IDR/EUR rate shows how much EUR you get for 1 IDR. Right now, 1 IDR buys 0.000048 EUR at the mid-market rate. In the other direction, 1 EUR is worth 20,933.09 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while EUR responds to ECB policy and eurozone 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 Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.