IDR/TRY: what to know
The IDR/TRY rate shows how much TRY you get for 1 IDR. Right now, 1 IDR buys 0.00274756 TRY at the mid-market rate. In the other direction, 1 TRY is worth 363.9593 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while TRY responds to high inflation and central-bank policy.
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 Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
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.