AUD/IDR update & alerts
1 AUD = 9381.2 IDR
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AUD/IDR Exchange Rates and Providers Compared
This guide to the Australian Dollar to Indonesian Rupiah exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to IDR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/IDR Quick Calculator.
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive IDR(Rp) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | Rp90,015,700 Best Overall | 9001.57 | 0 | 4.05% | |
 | Rp90,105,800 Rp90,100 more | 9010.58 | 0^ | 3.95% | |
 | Rp93,268,100 Rp3,252,400 more | 9326.81 | 0 | 0.58% | |
Banks - Average Rate   Average Bank Rate | Rp90,569,356 Rp553,656 more | 9069.65 | 15 | 3.46% |
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
| Travel Money Providers | Amount IDR(Rp) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | Rp8,758,312 Compare | 8846.78 | A$10 | 6.64% | |
 | Rp8,555,670 Rp202,642 less | 8555.67 | $10 Home Delivery & AusPost collect | 8.8% |
AUD and IDR in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs IDR, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.
The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.
The Aussie broke back over US70 cents on the final day of 2019 ā a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.
At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.
The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australiaās largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesnāt bode well for currency valuations.
For AUD forecasts and predictions read our Australian Dollar Forecasts report.
Read more in the article AUD Forecasts.
Indonesian Rupiah (IDR)
The rupiah slipped in mid-May to 4-month lows against the US dollar (Rp.14,450) and yen (Rp.132), though it was steady against the Australian dollar (Rp.9,960). This pattern shows how much of the rupiahās recent movements have been driven by risk sentiment. The rupiah remains historically weak, given its proximity to Octoberās 20-year low of Rp.15,265 per USD.
Weighing on investor sentiment this year has been the significant escalation in US-China trade tensions. Washington and Beijing both stepped up measures against one another.
For the rupiah, not helping matters in May was news of Indonesiaās worst monthly trade deficit in 6 years, at US$2.5 billion.
With exports struggling, Indonesiaās central bank is under pressure to lower interest rates from 6 percent, but having already pledged to support the rupiah, these rate cuts are unlikely to come, for now.
Capital Economics said in May that the rupiah would be āvulnerable to sudden falls during periods of weak risk appetite.ā
DBS warned of ādire consequencesā for emerging market currencies like the rupiah if no trade agreement is struck between the US and China.
Why can't I just get the AUD/IDR market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / IDR was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
We help you Compare & Save Money on Exchange Rates.
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