In this guide we review :
- Buying Indonesian Rupiah Cash Online - Travel money for Indonesia
- Indonesian Rupiah (IDR) - Currency Market News
- Sending Money to Indonesia - Save on Indonesian Rupiah bank transfers
- Indonesian Rupiah Exchange Rates - Latest info & charts.
Travel Money for Indonesia - Buying Indonesian Rupiah (IDR)
Save money and time by Ordering your Indonesian Rupiah Online from Travelex, you get better rates and can pick up the IDR cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Indonesian Rupiah otherwise you may get much worst exchange rates.
Indonesia Trip Checklist
- Compare IDR Travel Cash Rates - probably why you are here!
- Hotel Deals - Save on your accomodation in Indonesia
- Travel Insurance - for those unexpected travel adventures...
- Lonely Planet - Travel Guide 3 for 2 offer
Indonesian Rupiah (IDR) - Currency Market News
In the first eight months of 2017, the rupiah was remarkably stable against the US dollar, trading within a range equivalent to just 2.25%. The dollar ended August buying Rp.13,340.
In August, Dutch bank ABN Amro upgraded their forecasts for the rupiah. The bank now sees the dollar fetching Rp.13,400 at year-end, down from a previous estimate of Rp.13,700, and Rp.13,200 at the end of 2018, from Rp.13,300.
Against other FX majors, the rupiah remained weak. In late August, against the euro (Rp.16,095), Swiss franc (Rp.14,155) and Japanese yen (Rp.123.16), the rupiah fell to 22-month, 20-month and 9-month lows respectively. And in early September, against the Canadian dollar (Rp.10,691) it fell to a 22-month low.
Economic conditions in Indonesia are now much better than they once were and this includes a move in annual inflation back below 4% (for the year ending July-31). Over the past two decades, inflation has averaged a little more than 10% in Indonesia.
“Political and economic conditions are currently stable,” said Bank Indonesia governor Agus Matowardojohe in July.
Sending Money to Indonesia
When sending money to Indonesia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a provider (id docs may be required)
- You specify the local or Indonesian Rupiah amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted IDR amount will be transfered to the recipient account you specify in Indonesia.
You can save around 5% and maybe more - end result is more Indonesian Rupiah deposited into the recipient bank account in Indonesia and less margins and fees kept by the banks!Compare Transfer Exchange Rates to Indonesia