IDR/HKD: what to know
The IDR/HKD rate shows how much HKD you get for 1 IDR. Right now, 1 IDR buys 0.000447013 HKD at the mid-market rate. In the other direction, 1 HKD is worth 2,237.07 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while HKD responds to its peg to 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. The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
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.