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NZD/IDR - Convert Compare Save

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.

 

This resource page for the New Zealand Dollar to Indonesian Rupiah exchange rate, has news, forecasts and NZD to IDR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

NZD/IDR Exchange Rates - How to Compare & Save

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
OFX logo
87,861,200 IDR
Best Overall
8786.120^3.62%
ANZ Bank logo
85,287,605 IDR
2,573,595 IDR
8544.14186.45%
Banks - Average Rate
ANZ Bank logo
85,287,605 IDR
2,573,595 IDR
8544.14226.45%
 
OFX: Foreign Transfer NZD→IDR
NZD amount:$10,000 NZD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:8786.12 (3.62% from mid-rate)
IDR amount:87,861,200 IDR
Total Cost:3.62%
Time:
Rate Fetched: Mon Aug 19 2019 04:08:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
ANZ Bank: Foreign Transfer NZD→IDR
NZD amount:$10,000 NZD
Fee:18
Exchange Rate:8544.14 (6.28% from mid-rate)
IDR amount:85,287,605 IDR
Total Cost:6.45%
Difference:
2,573,595 IDR less than using OFX
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer NZD→IDR
NZD amount:$10,000 NZD
Fee:22
Exchange Rate:8660.54 (5% from mid-rate)
IDR amount:85,287,605 IDR
Total Cost:6.45%
Difference:
2,573,595 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 08/19/2019 - 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
8,578,677 IDR
Compare
8665.33$105.9%
Travelex Online NZ logo
7,930,056 IDR
648,621 IDR
7930.05560^13.01%
 

Banks - Average Rate

Travel Money NZD→IDR
NZD amount:$1,000 NZD
Fee:$10 NZD (1%)
Exchange Rate:8665.33 (4.95% from mid-rate)
IDR amount:8,578,677 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:7930.0556 (13.01% from mid-rate)
IDR amount:7,930,056 IDR
Total Cost:13.01%
Time:
Rate Fetched: Mon Aug 19 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:
 
Snapshot 08/19/2019 - See full table

NZD to IDR interbank exchange rate = 9154.679

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on NZD/IDR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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