| Difference: | 2,670,808 IDR le
The below table shows a snapshot 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. Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾ | Travel Money Providers | Amount IDR(Rp) | Exchange Rate | Fee NZD | Total Cost | Currency Services | Delivery/Collect | Deal Links |
|---|
Banks - Average Rate Foreign Currency Average rate from selected banks. More info▾ | 8,868,232 IDR Compare | 8957.81 | $10 | 5.9% | Branch | - | | More info▾ | 8,172,450 IDR 695,782 IDR | 8172.4504 | 0^ | 13.28% | Online order, Branch pickup, Home delivery | 2-3 days | |
| Travel Money NZD→IDR |
|---|
| NZD amount: | $1,000 NZD | | Fee: | $10 NZD (1%) | | Exchange Rate: | 8957.81 (4.95% from mid-rate) | | IDR amount: | 8,868,232 IDR | | Total Cost: | 5.9% | | Currency Services: | Branch | | Delivery/Collect: | - |
| Travelex Online NZ: Travel Money NZD→IDR |
|---|
| NZD amount: | $1,000 NZD | | Fee: | $0 - No fees for Debit & Credit Cards | | Exchange Rate: | 8172.4504 (13.28% from mid-rate) | | IDR amount: | 8,172,450 IDR | | Total Cost: | 13.28% | | Time: | Rate Fetched: Sun May 26 2019 04:45:03 GMT+0000 (UTC) | | Currency Services: | Online order, Branch pickup, Home delivery | | Delivery/Collect: | 2-3 days | | Rating: | : 4.3/5.0 | | Reviews: | |
NZD/IDR - Historical Trends
This table shows historic rates and trends of New Zealand Dollar to Indonesian Rupiah over periods upto 10 years.
| Period | Change* | NZD/IDR | Date |
|---|
| 1 Day | -0.03% | 9429.9175 | 23 May 2019 | | 1 Week | -0.4% | 9464.8700 | 17 May 2019 | | 1 Month | +1.36% | 9300.3898 | 24 Apr 2019 | | 6 Months | -4.27% | 9847.4409 | 25 Nov 2018 | | 1 Year | -3.82% | 9801.2811 | 24 May 2018 | | 5 Years | -4.73% | 9895.6275 | 25 May 2014 | | 10 Years | +47.88% | 6374.6706 | 26 May 2009 |
*For period to 24-May 21UTC when NZD/IDR was 9427.1296
You can use our NZD interactive charts to check NZDIDR historic trends.
Outlook and forecasts for NZD and IDR
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 NZD vs IDR, you should pay attention to the forecasts and trends for both New Zealand Dollar and Indonesian Rupiah:
New Zealand Dollar (NZD) outlook
The New Zealand dollar fell against the US dollar to a 6-month low of $0.651 in mid-May after the Reserve Bank of New Zealand cut interest rates to 1.5 percent.
The kiwi was also struggling against CAD, JPY and EUR, among other currencies, and wasn’t being helped by a significant escalation in US-China trade tensions which saw speculative capital leave New Zealand for safer pastures.
NZD is also suffering due to its high correlation with the Australian dollar — a currency also likely to be pressured by an interest rate cut in the coming months.
Read the full article New Zealand Dollar Forecasts. Indonesian Rupiah (IDR) outlookThe 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 NZD/IDR market rate I see online or in the media?
The NZD/IDR 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 NZD / IDR 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.
|
Indonesia