NZD/IDR update & alerts
1 NZD = 9246 IDR
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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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our NZD/IDR Quick 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 Providers | Receive IDR(Rp) | Exchange Rate | Fee NZD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | Rp88,748,100 Best Overall | 8874.81 | 0^ | 3.72% | |
 | Rp91,644,400 Rp2,896,300 more | 9164.44 | 0 | 0.58% | |
Banks - Average Rate  Average Bank Rate | Rp86,148,553 Rp2,599,547 less | 8630.39 | 22 | 6.54% |
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 Average Bank Rate | Rp8,674,222 Compare | 8761.84 | NZ$10 | 5.9% | |
 | Rp7,956,628 Rp717,594 less | 7956.6284 | 0^ | 13.68% |
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.
For more details read the full article NZ dollar news and forecasts.
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.
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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