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NZD to IDR - Rate Guide

New Zealand 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.

 

NZD/IDR trend & alerts

1 NZD = 8904.7 IDR

NZD/IDR is trading well below the 90 day average 9078.16 with a range from LOW 8789.94 to HIGH 9445.85. There are currently no alerts.
 

View NZD/IDR - Interactive Chart

NZD/IDR Exchange Rates and Providers Compared

This guide to the New Zealand Dollar to Indonesian Rupiah exchange rate with 90-day chart & alerts, historic rates, forecasts and NZD to IDR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the NZD/IDR 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 NZD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee NZDTotal CostDeal Links
XE logo
Rp88,588,900
Best Overall
8858.8900.58%
OFX logo
Rp85,768,000
Rp2,820,900 less
8576.80^3.75%
ANZ Bank logo
Rp83,255,670
Rp5,333,230 less
8340.58186.57%
Banks - Average Rate
ANZ Bank logo
Rp83,255,670
Rp5,333,230 less
8340.58226.57%
 

XE logo

XE: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:0
Exchange Rate:8858.89 (0.58% from mid-rate)
To Amount (IDR) Rp88,588,900
Total Cost:0.58%
Time:6:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:8576.8 (3.75% from mid-rate)
To Amount (IDR) Rp85,768,000
Total Cost:3.75%
Difference:
Rp2,820,900 IDR less than using XE
Time:
Rate Fetched: Thu Oct 17 2019 05:08:01 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:18
Exchange Rate:8340.58 (6.4% from mid-rate)
To Amount (IDR) Rp83,255,670
Total Cost:6.57%
Difference:
Rp5,333,230 IDR less than using XE
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:22
Exchange Rate:8465.04 (5% from mid-rate)
To Amount (IDR) Rp83,255,670
Total Cost:6.57%
Difference:
Rp5,333,230 IDR less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 10/17/2019 - See full table

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 ProvidersAmount IDR(Rp)Exchange RateFee NZDTotal CostDeal Links
Banks - Average Rate Foreign Currency
Rp8,350,838
Compare
8435.19NZ$105.9%
Travelex Online NZ logo
Rp7,727,295
Rp623,543 less
7727.29530^12.92%
 

Banks - Average Rate

Travel Money NZD→IDR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:8435.19 (4.95% from mid-rate)
To Amount (IDR) Rp8,350,838
Total Cost:5.9%
Currency Services:Branch
Delivery/Collect:-
 

Travelex Online NZ logo

Travelex Online NZ: Travel Money NZD→IDR
From Amount (NZD)NZ$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:7727.2953 (12.92% from mid-rate)
To Amount (IDR) Rp7,727,295
Total Cost:12.92%
Time:
Rate Fetched: Thu Oct 17 2019 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/17/2019 - See full table

NZD / IDR converter & margin calculator

NZ$NZD
RpIDR
mid-rates

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

Foreign Transfers Travel Money

Foreign Transfers Travel Money

New Zealand Dollar

Indonesian Rupiah

1 NZD 8,904.70 IDR
5 NZD 44,523.50 IDR
10 NZD 89,047.00 IDR
20 NZD 178,094.00 IDR
50 NZD 445,235.00 IDR
100 NZD 890,470.00 IDR
250 NZD 2,226,175.00 IDR
500 NZD 4,452,350.00 IDR
1,000 NZD 8,904,700.00 IDR
2,000 NZD 17,809,400.00 IDR
5,000 NZD 44,523,500.00 IDR
10,000 NZD 89,047,000.00 IDR
50,000 NZD 445,235,000.00 IDR
100,000 NZD 890,470,000.00 IDR
See more

New Zealand Dollar

Indonesian Rupiah

0.0001 NZD 1 IDR
0.0006 NZD 5 IDR
0.0011 NZD 10 IDR
0.0022 NZD 20 IDR
0.0056 NZD 50 IDR
0.0112 NZD 100 IDR
0.0280 NZD 250 IDR
0.0560 NZD 500 IDR
0.1120 NZD 1,000 IDR
0.2240 NZD 2,000 IDR
0.5600 NZD 5,000 IDR
1.1200 NZD 10,000 IDR
5.6000 NZD 50,000 IDR
11.20 NZD 100,000 IDR
See more
Country Guides (NZD & IDR)
New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)IndonesiaIndonesia (IDR)
NiueNiue (NZD)PitcairnPitcairn (NZD)TokelauTokelau (NZD)

NZD/IDR - Historical Trends

This table shows historic rates and trends of New Zealand Dollar to Indonesian Rupiah over periods upto 10 years.

PeriodChange*NZD/IDRDate
1 Day-0.4%8916.479615 Oct 2019
7 Day-0.2%8896.381409 Oct 2019
30 Day-0.3%8904.380316 Sep 2019
3 Month-5.8%9430.329018 Jul 2019
1 Year-11.3%10014.094616 Oct 2018
5 Year-7.7%9622.866117 Oct 2014
10 Year+27.6%6958.967118 Oct 2009

*For period to 16-Oct 21UTC when NZD/IDR was 8878.8957

You can use our NZD interactive charts to check NZDIDR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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.

New Zealand Dollar (NZD)

The New Zealand dollar weakened in June to a 7-month low against the euro, at rates below €0.58.

At US$0.65, the kiwi remained weak against the greenback, 6 percent lower than rates in March.

Against the Australian dollar, NZD has been steady in recent months, having spent much of its time between A$0.94 and A$0.95.

Robbing New Zealand's currency of gains in 2019 have been lower NZ interest rates, 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.

Why can't I just get the NZD/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 NZD / 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 NZD Exchange Rates