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SGD to IDR - Rate Guide

Singapore 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.

 

SGD/IDR update & alerts

1 SGD = 10310.7 IDR

Sell SGD - Buy IDR  Invert

SGD to IDR - Trading Range (90 Day)
30-DAY LOW (1d)
90-DAY TREND: At 10310.13 SGD/IDR is trading near the average 10280.6 with a range 10112.78 to 10400.44. There are no current alerts.
Update: 06-Dec 16:07-EST 21:07-GMT 08:07-AEDT(+1D)

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SGD/IDR Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Indonesian Rupiah exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD 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 SGD/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 SGD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

SGD to IDR International Money Transfers

  

Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
Rp102,478,97810300.43S$510.61%
OFX logo
Rp98,957,6009895.760 for BER users (normally $15)4.02%
DBS Bank logo
Rp97,839,5719801.6185.11%
Banks - Average Rate
DBS Bank logo
Rp97,839,5719801.6185.11%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→IDR
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:10300.43 (0.1% from mid-rate)
To Amount (IDR) Rp102,478,978
Total Cost:0.61%
Time:1:11 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→IDR
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:9895.76 (4.02% from mid-rate)
To Amount (IDR) Rp98,957,600
Total Cost:4.02%
Difference:
Rp3,521,378 IDR less than using TransferWise
Time:
Rate Fetched: Sat Dec 07 2019 00:14:51 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→IDR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:9801.6 (4.94% from mid-rate)
To Amount (IDR) Rp97,839,571
Total Cost:5.11%
Difference:
Rp4,639,407 IDR less than using TransferWise
Time:1:11 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→IDR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:9722.32 (5.71% from mid-rate)
To Amount (IDR) Rp97,839,571
Total Cost:5.11%
Difference:
Rp4,639,407 IDR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→IDR
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/07/2019 - See full table

SGD and IDR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the SGD vs IDR, you should pay attention to the recent market trends for both currencies.

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD 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 SGD/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 SGD / 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 SGD Exchange Rates