IDR/NOK: what to know
The IDR/NOK rate shows how much NOK you get for 1 IDR. Right now, 1 IDR buys 0.000529439 NOK at the mid-market rate. In the other direction, 1 NOK is worth 1,888.79 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while NOK responds to oil and gas prices.
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 Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
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.