1 NZD = 8758.1 IDR
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What's in this NZ Dollar to Indonesian Rupiah guide?
To calculate specific NZD/IDR amounts use our Convert NZD to IDR quick calculator.
Comparing Foreign Exchange Providers
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, Travel Money and prepaid multi-currency Travel Card transactions.
The Exchange rate you are offered can also 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 NZD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive IDR(Rp) | Exchange Rate | Fee NZD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | 84,632,900 Rp Best Overall | 8463.29 | 0^ | 4.14% | |
 | 87,774,900 Rp Rp3,142,000 more | 8777.49 | 0 | 0.58% | |
 | 87,748,887 Rp Rp3,115,987 more | 8819.87 | NZ$51 | 0.61% | |
Banks - Average Rate  Banks Average - Click logo for rate | 82,153,856 Rp Rp2,479,044 less | 8230.2 | 22 | 6.95% |
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 NZD | Total Cost | Deal Links |
|---|---|---|---|---|---|
Banks - Average Rate Foreign Currency Banks Average - Click logo for rate | 8,307,981 Rp Compare | 8391.9 | NZ$10 | 5.9% | |
 | 7,627,960 Rp Rp680,021 less | 7627.9602 | 0^ | 13.6% |
Country Guides (NZD & IDR)
 New Zealand (NZD) |  Cook Islands (NZD) |  Indonesia (IDR) |
 Niue (NZD) |  Pitcairn (NZD) |  Tokelau (NZD) |
NZD and IDR in the Markets
When determining the best time to make a foreign exchange transaction, in this case the NZD vs IDR, you should pay attention to the recent market trends for both currencies.
NZ Dollar (NZD)
Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.
The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Kiwi had made coming into the New Year.
In December the New Zealand dollar has climbed back to US$0.66 it's highest value since July.
Against the Australian dollar, jumped to A$0.96 after being as low as A$0.92 in early November before starting a strong recovery upto current levels above A$0.95.
Robbing New Zealand's currency of better gains in 2019 have been reduced risk appetite spurred on by an escalation in the US-China trade standoff, and high correlations with other weak currencies, including the Australian dollar and yuan.
Read more in the article NZD 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.
How to get Best NZD to IDR Exchange Rates
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).
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.
What is a good NZD to IDR exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the NZD to IDR exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange NZD to IDR?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all NZD Exchange Rates
