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IDR/KRW - Live Converters & Chart

Indonesian Rupiah to South Korean Won - Convert Compare Save

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


IDR to KRW interbank exchange rate = 0.08192

This calculator converts amounts at the latest KRW/IDR mid-rate or enter a rate to check the exchange rate you are being offered or already charged.


IDR / KRW converter & margin calculator


Foreign Transfers Travel Money

Compare how much you can save on IDR/KRW exchange rates for:

Foreign Transfers

Indonesian Rupiah

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
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Indonesian Rupiah

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
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IDR/KRW - Historical Trends

This table shows historic rates and trends of Indonesian Rupiah to South Korean Won over periods upto 10 years.

1 Day0.082718 May 2019
1 Week0.082112 May 2019
1 Month0.080919 Apr 2019
6 Months0.077420 Nov 2018
1 Year0.076519 May 2018
5 Years0.089420 May 2014
10 Years0.120321 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.

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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