About this pair
MYR/IDR: what to know
The MYR/IDR rate shows how much IDR you get for 1 MYR. Right now, 1 MYR buys 4,310.21 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000232007 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while IDR responds to commodity prices and capital flows.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. 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.