IDR to KRW interbank exchange rate = 0.08192
This calculator converts amounts at the latest KRW/IDR mid-rate orto check the exchange rate you are being offered or already charged.
IDR / KRW converter & margin calculator
South Korean Won
|1 IDR||0.0819 KRW|
|5 IDR||0.4096 KRW|
|10 IDR||0.8192 KRW|
|20 IDR||1.6384 KRW|
|50 IDR||4.0960 KRW|
|100 IDR||8.1920 KRW|
|250 IDR||20.48 KRW|
|500 IDR||40.96 KRW|
|1,000 IDR||81.92 KRW|
|2,000 IDR||163.84 KRW|
|5,000 IDR||409.60 KRW|
|10,000 IDR||819.20 KRW|
|50,000 IDR||4,096.00 KRW|
|100,000 IDR||8,192.00 KRW|
South Korean Won
|12.21 IDR||1 KRW|
|61.04 IDR||5 KRW|
|122.07 IDR||10 KRW|
|244.14 IDR||20 KRW|
|610.36 IDR||50 KRW|
|1,220.71 IDR||100 KRW|
|3,051.78 IDR||250 KRW|
|6,103.55 IDR||500 KRW|
|12,207.10 IDR||1,000 KRW|
|24,414.20 IDR||2,000 KRW|
|61,035.50 IDR||5,000 KRW|
|122,071.00 IDR||10,000 KRW|
|610,355.00 IDR||50,000 KRW|
|1,220,710.00 IDR||100,000 KRW|
|KRW Country Guides|
IDR/KRW - Historical Trends
This table shows historic rates and trends of Indonesian Rupiah to South Korean Won over periods upto 10 years.
|1 Day||0.0827||18 May 2019|
|1 Week||0.0821||12 May 2019|
|1 Month||0.0809||19 Apr 2019|
|6 Months||0.0774||20 Nov 2018|
|1 Year||0.0765||19 May 2018|
|5 Years||0.0894||20 May 2014|
|10 Years||0.1203||21 May 2009|
You can use our IDR interactive charts to check IDRKRW historic trends.
Outlook and forecasts for IDR and KRW
Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.
So it follows that if you are determining the best time to transact, in this case the IDR vs KRW, you should pay attention to the forecasts and trends for both Indonesian Rupiah and South Korean Won:
Indonesian Rupiah (IDR) outlook
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.
South Korean Won (KRW) outlook
The South Korean won has been the worst-performing Asian currency in 2019.
At the time of writing, while most emerging Asian currencies were showing year-to-date gains against the dollar, the won had lost 1.8 percent, with weakness driven by falling exports and an alarming drop in South Korean inflation, which themselves drove expectations for an interest rate cut by the Bank of Korea, even though the BoK said in March that policy easing was not yet warranted.
In early April, at 1134 to the dollar, the won was trading near the weaker boundary of its trading range, which existed between 1110 and 1140 (this having contained most price action in the July-18 to April-19 period).
In April, TradingEconomics.com predicted that USD/KRW would rise to 1164 by April 2020. That's a level last seen in January 2017.
Why can't I just get the IDR/KRW market rate I see online or in the media?
The IDR/KRW mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the IDR / KRW was traded (bought or sold) in the international markets.
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.
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