Personal Currency Transfer

Need to make large currency payments over £5000

Exchange Business Money

Set up re-occurring payments for your business

Bank Exchange Rates

High street banks Vs Currency Brokers

Top 10 Currency Brokers

Secure, Safe and transfer free over £5000

RationalFX

RationalFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
0.7%
0.000
0.00 EUR
FCA Regulated

Xendpay

Xendpay

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
0.7%
0.000
0.00 EUR
FCA Regulated

OFX

OFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
1%%
0.000
0.00 EUR
FCA Regulated

IFX

IFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
0
0.7%
0.000
0.00 EUR
FCA Regulated

TorFX

TorFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£300
0
0.7%
0.000
0.00 EUR
FCA Regulated

Currency Rates for Indonesia

Bank Exchange Rates for Indonesia - IDR - Indonesian Rupiah - Rp. The foreign exchange rates for Indonesia also known as the ISO code IDR or the Indonesian Rupiah currency and as a symbol Rp.
Send Money Transfer to Indonesian Rupiah100, 200, 500 and 1,000 rupiah coins are available and used frequently, whilst 25 and 50 rupiah coins are available but not used. Banknotes in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah are currently in circulation.

Brief Introduction
;

Indonesian rupiah is issued and controlled by the Bank of Indonesia. The currency is issued both in notes and coins. Currently, One Indonesian Rupiah (IDR) is equivalent to 0.000075 US Dollar. Because of such a low value of the currency, its notes go up to a denomination of 100,000. Some of the security features on the banknotes include watermarks, holograms and EURion constellation rings.

History of IDR


Coins in Indonesia first appeared in 9th Century Buddhist Sailendran Dynasty. With the arrival of Chinese traders in the late 13th Century, holed copper coins were introduced. These were known as Cash. In the 17th century, Dutch East India Company imported silver coins. With the formation of De Bank Courant en Bank van Leening in 1752, the first bank paper appeared. Although due to lack of coins to back the paper, they lost their value over time.
In 1942, with the invasion of the Japanese Army, the local currency of Japan, the Gulden, started circulating in the country. Gulden was printed on paper and was the first paper money introduced in the country. The local money of Indonesia and the local Japanese money were supposed to be of equal value, but the invaders printed excess quantities of money, which paved the way for Hyperinflation in the country. At the end of Second World War, there was a massive increase in the paper money supply in the country.
Between 1948 and 1952, Indonesia became an independent country and introduced its new currency, Indonesian Rupiah.

Restrictions and Substitutes


There are no restrictions or substitutes of the currency, although Bank of Indonesia has introduced some measures to stabilize the value of the currency and implement Indonesias Currency Law.
- It is prohibited to use foreign currency for availing goods and services.
- For broad range of non-cash transactions (e-payments and bank transfers), use of Indonesian Rupiah is required.
Issues


In 2015, Indonesian Rupiah dropped 10% against US Dollar with respect to the previous year. The main concern in Indonesia is that they pay dealers in dollars and sell to their customers in rupiah which causes 20-25% gap in markets.
This instability can be easily seen as a sign of weakness for the country and can cause a major concern amongst Indonesia's investors.

GBP to IDR

The foreign exchange rates for Indonesia also known as the ISO code IDR or the Indonesian Rupiah currency and as a symbol Rp.
Derived from the Hindustani word ‘rupiyaa’, the rupiah has been in circulation since 1950, although it existed before this, it held no international recognition and its value was determined by the black market.

The word ‘perak’ is also used in Indonesia, to informally refer to money. ‘Perak’ means ‘silver’. Although the rupiah is divided into 100 Sen, the currencies’ inflation and a lack of buying power have meant that the coins and banknotes formerly available in denominations of Sen are obsolete. Bank Exchange Rates for Indonesia. The foreign exchange rates for Indonesian Rupiah also known as the ISO code IDR. Send money transfer online with us with the cheapest options.

Bank Currency Calculator

GBP Flag

1 = 1.17730

Euro Flag

1 = 1.17730

Change Currencies View Providers