NOK/IDR: what to know
The NOK/IDR rate shows how much IDR you get for 1 NOK. Right now, 1 NOK buys 1,888.79 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000529439 NOK.
In the short term NOK is driven mainly by oil and gas prices, while IDR responds to commodity prices and capital flows.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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.