About this pair
IDR/USD: what to know
The IDR/USD rate shows how much USD you get for 1 IDR. Right now, 1 IDR buys 0.0000570000 USD at the mid-market rate. In the other direction, 1 USD is worth 17,543.86 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while USD responds to Fed policy, US growth and global 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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.