About this pair
IDR/JPY: what to know
The IDR/JPY rate shows how much JPY you get for 1 IDR. Right now, 1 IDR buys 0.008820 JPY at the mid-market rate. In the other direction, 1 JPY is worth 113.3763 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.