RON/IDR: what to know
The RON/IDR rate shows how much IDR you get for 1 RON. Right now, 1 RON buys 3,872.99 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000258198 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while IDR responds to commodity prices and capital flows.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.