IDR/MXN: what to know
The IDR/MXN rate shows how much MXN you get for 1 IDR. Right now, 1 IDR buys 0.000967902 MXN at the mid-market rate. In the other direction, 1 MXN is worth 1,033.16 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while MXN responds to the US economy and capital flows.
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 Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
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.