IDR/NZD: what to know
The IDR/NZD rate shows how much NZD you get for 1 IDR. Right now, 1 IDR buys 0.0000980088 NZD at the mid-market rate. In the other direction, 1 NZD is worth 10,203.17 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.