About this pair
ZAR/IDR: what to know
The ZAR/IDR rate shows how much IDR you get for 1 ZAR. Right now, 1 ZAR buys 1,089.51 IDR at the mid-market rate. In the other direction, 1 IDR is worth 0.000917842 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while IDR responds to commodity prices and capital flows.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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.