ILS/IDR: what to know
The ILS/IDR rate shows how much IDR you get for 1 ILS. Right now, 1 ILS buys 5,788.43 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000172758 ILS.
In the short term ILS is driven mainly by the tech sector and geopolitics, while IDR responds to commodity prices and capital flows.
The Israeli Shekel (ILS) is issued by Bank of Israel. “Shekel” is one of the oldest names for a unit of money — mentioned in the Bible. 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.
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.