THB/IDR: what to know
The THB/IDR rate shows how much IDR you get for 1 THB. Right now, 1 THB buys 530.9086 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.00188356 THB.
In the short term THB is driven mainly by tourism and trade flows, while IDR responds to commodity prices and capital flows.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. 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.