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HKD to IDR - Rate Guide

Hong Kong Dollar to Indonesian Rupiah exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

HKD/IDR update & alerts

1 HKD = 1791.8 IDR

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HKD to IDR - Trading Range (90 Day)
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HKD/IDR 90-Day Trend: At 1792.12 HKD to IDR is trading near the average 1797.18 with a range 1779.95 to 1811.62. There are no current alerts.
13 Dec, 2019 16:04-EST 21:04-GMT 08:04-AEDT(+1D)

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HKD/IDR Exchange Rates and Providers Compared

This guide to the Hong Kong Dollar to Indonesian Rupiah exchange rate with 90-day chart & alerts, historic rates, forecasts and HKD 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 HKD/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 HKD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee HKDTotal CostDeal Links
OFX logo
Rp84,661,5001693.230 for BER users (normally $15)5.5%
DBS Bank logo
Rp83,772,1441677.12506.5%
Banks - Average Rate
DBS Bank logo
Rp83,772,1441677.12556.5%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
OFX logo
OFX: Foreign Transfer HKD→IDR
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:1693.23 (5.5% from mid-rate)
To Amount (IDR) Rp84,661,500
Total Cost:5.5%
Time:
Rate Fetched: Sat Dec 14 2019 00:17:11 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→IDR
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:1677.12 (6.4% from mid-rate)
To Amount (IDR) Rp83,772,144
Total Cost:6.5%
Difference:
Rp889,356 IDR less than using OFX
Time:1:15 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→IDR
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:1663.55 (7.16% from mid-rate)
To Amount (IDR) Rp83,772,144
Total Cost:6.5%
Difference:
Rp889,356 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→IDR
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/14/2019 - See full table

HKD and IDR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the HKD vs IDR, you should pay attention to the recent market trends for both currencies.

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite the recent protests and also serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read more in the article HKD 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 rupiah’s recent movements have been driven by risk sentiment. The rupiah remains historically weak, given its proximity to October’s 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 Indonesia’s worst monthly trade deficit in 6 years, at US$2.5 billion.

With exports struggling, Indonesia’s 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 “vulnerable to sudden falls during periods of weak risk appetite.”

DBS warned of “dire consequences” 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 HKD/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 HKD / 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.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

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.

 

View all HKD Exchange Rates