IDR/RON: what to know
The IDR/RON rate shows how much RON you get for 1 IDR. Right now, 1 IDR buys 0.000258198 RON at the mid-market rate. In the other direction, 1 RON is worth 3,872.99 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.