LTC/IDR: what to know
The LTC/IDR rate shows how much IDR you get for 1 LTC. Right now, 1 LTC buys 962,456.14 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.00000103901 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while IDR responds to commodity prices and capital flows.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. 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.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.