IDR/SGD: what to know
The IDR/SGD rate shows how much SGD you get for 1 IDR. Right now, 1 IDR buys 0.0000722040 SGD at the mid-market rate. In the other direction, 1 SGD is worth 13,849.65 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while SGD responds to the MAS-managed currency basket.
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 Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
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.