IDR/ILS: what to know
The IDR/ILS rate shows how much ILS you get for 1 IDR. Right now, 1 IDR buys 0.000172773 ILS at the mid-market rate. In the other direction, 1 ILS is worth 5,787.94 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while ILS responds to the tech sector and geopolitics.
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 Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible.
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.