About this pair
NZD/IDR: what to know
The NZD/IDR rate shows how much IDR you get for 1 NZD. Right now, 1 NZD buys 10,202.19 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.0000980181 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while IDR responds to commodity prices and capital flows.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. 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.