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NZD to IDR - Rate Guide

NZ 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/Card transactions as shown below.

 

1 NZD = 8758.1 IDR

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NZD to IDR - Trading Range (90 Day)
1-DAY ▲ 0.9% (1d)90-DAY LOW (5d)
NZD/IDR at 8787.55 was trading 2.8% below the 90-day average 9042.68 with a range 8684.35 to 9373.69. There are no current rate alerts.
25-FEB 5PM-NY 10PM-LON | 26-Feb 9AM-SYD

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Quick Conversions from NZ Dollar to Indonesian Rupiah

NZD

IDR

NZ$ 1
Rp 8,758
NZ$ 5
Rp 43,791
NZ$ 10
Rp 87,581
NZ$ 20
Rp 175,162
NZ$ 50
Rp 437,905
NZ$ 100
Rp 875,810
NZ$ 250
Rp 2,189,525
NZ$ 500
Rp 4,379,050
NZ$ 1,000
Rp 8,758,100
NZ$ 2,000
Rp 17,516,200
NZ$ 5,000
Rp 43,790,500
NZ$ 10,000
Rp 87,581,000
NZ$ 50,000
Rp 437,905,000
NZ$ 100,000
Rp 875,810,000
More amounts

NZD

IDR

NZ$ 0.0001
Rp 1
NZ$ 0.0006
Rp 5
NZ$ 0.0011
Rp 10
NZ$ 0.0023
Rp 20
NZ$ 0.0057
Rp 50
NZ$ 0.0114
Rp 100
NZ$ 0.0285
Rp 250
NZ$ 0.0570
Rp 500
NZ$ 0.1140
Rp 1,000
NZ$ 0.2280
Rp 2,000
NZ$ 0.5700
Rp 5,000
NZ$ 1.1400
Rp 10,000
NZ$ 5.7000
Rp 50,000
NZ$ 11.40
Rp 100,000
More amounts

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 RateFee NZDTotal CostDeal Links
OFX logo
84,632,900 Rp
Best Overall
8463.290^4.14%
XE logo
87,774,900 Rp
Rp3,142,000 more
8777.4900.58%
TransferWise logo
87,748,887 Rp
Rp3,115,987 more
8819.87NZ$510.61%
ANZ Bank logo
82,153,856 Rp
Rp2,479,044 less
8230.2186.95%
Banks - Average Rate
ANZ Bank logo
82,153,856 Rp
Rp2,479,044 less
8230.2226.95%
 
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:8463.29 (4.14% from mid-rate)
To Amount (IDR)84,632,900 Rp
Total Cost:4.14%
Time:
Rate Fetched: Tue Feb 25 2020 18:08:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:0
Exchange Rate:8777.49 (0.58% from mid-rate)
To Amount (IDR)87,774,900 Rp
Total Cost:0.58%
Difference:
Rp3,142,000 IDR more than using OFX
Time:18:11 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:NZ$51 NZD (0.5% + NZ$1)
Exchange Rate:8819.87 (0.1% from mid-rate)
To Amount (IDR)87,748,887 Rp
Total Cost:0.61%
Difference:
Rp3,115,987 IDR more than using OFX
Time:18:11 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Foreign Transfer NZD→IDR
From Amount (NZD)NZ$10,000
Fee:18
Exchange Rate:8230.2 (6.78% from mid-rate)
To Amount (IDR)82,153,856 Rp
Total Cost:6.95%
Difference:
Rp2,479,044 IDR less than using OFX
Time:18:11 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:8387.27 (5% from mid-rate)
To Amount (IDR)82,153,856 Rp
Total Cost:6.95%
Difference:
Rp2,479,044 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 02/25/2020 - View latest rates
 

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 RateFee NZDTotal CostDeal Links
Banks - Average Rate Foreign Currency
8,307,981 Rp
Compare
8391.9NZ$105.9%
Travelex Online NZ logo
7,627,960 Rp
Rp680,021 less
7627.96020^13.6%
 
Banks - Average Rate
Travel Money NZD→IDR
From Amount (NZD)NZ$1,000
Fee:NZ$10 NZD (1%)
Exchange Rate:8391.9 (4.95% from mid-rate)
To Amount (IDR)8,307,981 Rp
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:7627.9602 (13.6% from mid-rate)
To Amount (IDR)7,627,960 Rp
Total Cost:13.6%
Time:
Rate Fetched: Tue Feb 25 2020 18:00:06 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

Country Guides (NZD & IDR)

New ZealandNew Zealand (NZD)Cook IslandsCook Islands (NZD)IndonesiaIndonesia (IDR)
NiueNiue (NZD)PitcairnPitcairn (NZD)TokelauTokelau (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.

PeriodChange*NZD/IDRDate
1 Day-0.6%8809.219624 Feb 2020
7 Day+0.3%8732.108918 Feb 2020
30 Day-2.8%9016.449626 Jan 2020
3 Month-3.1%9038.605827 Nov 2019
1 Year-9.2%9651.668925 Feb 2019
5 Year-9.5%9677.981626 Feb 2015
10 Year+34.8%6500.137627 Feb 2010

*For period to 25-Feb 21UTC when NZD/IDR was 8760.3758

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.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all NZD Exchange Rates