IDR/THB: what to know
The IDR/THB rate shows how much THB you get for 1 IDR. Right now, 1 IDR buys 0.00188356 THB at the mid-market rate. In the other direction, 1 THB is worth 530.9086 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while THB responds to tourism and trade 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 Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
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.