SEK/IDR: what to know
The SEK/IDR rate shows how much IDR you get for 1 SEK. Right now, 1 SEK buys 1,820.01 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000549448 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while IDR responds to commodity prices and capital flows.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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.