About this pair
IDR/ZAR: what to know
The IDR/ZAR rate shows how much ZAR you get for 1 IDR. Right now, 1 IDR buys 0.000920618 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 1,086.23 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while ZAR responds to commodity prices and 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 South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.