TRY/IDR: what to know
The TRY/IDR rate shows how much IDR you get for 1 TRY. Right now, 1 TRY buys 363.9593 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.00274756 TRY.
In the short term TRY is driven mainly by high inflation and central-bank policy, while IDR responds to commodity prices and capital flows.
The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira. 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.