Singapore Dollar to Indonesian Rupiah - Convert Compare Save
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 and Travel Money transactions as shown below.
Compare SGD/IDR Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for SGD/IDR International Money Transfers. Costs are calculated against the amount when SGD is converted to IDR at mid-rate.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More info▾
Great rates and platform for personal, business and online sellers. Get local currency accounts in GBP, EUR, CAD, USD, AUD, NZD, JPY and CNY. More info▾
Right now the SGD/IDR interbank exchange rate is 10509.8117.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Indonesian Rupiah to Singapore Dollar.
This SGD/IDR Converter calculates equivalent Singapore Dollar to Indonesian Rupiah amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
SGD / IDR converter & margin calculator
$SGD
RpIDR
Mid-rates:
1 SGD =
10509.8117IDR
1 IDR =
9.5E-5SGD
Compare how much you can save on SGD/IDR exchange rates for:
Singapore Dollar to Indonesian Rupiah (SGD-IDR) - 10 Year History
The below table shows the historic variation in the SGD/IDR exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of SGD versus other currencies : SGD historical charts.
Date
Exchange Rate
Period
Change
20 Mar 2019
10497.8393
Latest
13 Mar 2019
10520.5882
1 Week
-0.22%
18 Feb 2019
10414.9648
1 Month
+0.8%
21 Sep 2018
10557.0588
6 Months
-0.56%
20 Mar 2018
10432.2985
1 Year
+0.63%
20 Mar 2017
9535.6678
2 Years
+10.09%
21 Mar 2014
8980.6059
5 Years
+16.89%
22 Mar 2009
7766.6274
10 Years
+35.17%
Why can't I just get the SGD/IDR market rate I see on Google or in the Media?
The SGD/IDR mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the SGD / IDR was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market SGD/IDR midrate the better deal you are getting.
The three things you need in order to get a good SGD to IDR exchange rate
Know the latest SGD/IDR market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for Singapore Dollar and Indonesian Rupiah
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the SGD vs IDR, you should pay attention to both Singapore Dollar and Indonesian Rupiah news and forecasts.
Singapore Dollar (SGD) - Market news and forecasts
22-February-2019: 2018 was a steady year for the Singapore dollar: on balance it gained value, but it did lose out slightly against the world’s reserve currency, the US dollar.
2019 has begun reasonably well. Entering the final week of February, SGD was a percent higher year-to-date versus USD, but at US$0.74 was in line with its 2018 average rate. SGD was 2 percent higher year-to-date against EUR at a 9-month closing high of €0.653 — 4 percent higher than 2018’s average.
Against AUD, in February, SGD was unchanged year-to-date but was 4.5 percent higher than last year's average, at A$1.038. During a flash crash on January 3rd, SGD/AUD briefly traded at a 10-year high of A$1.088.
With Singapore being a small, trade-dependent country, prime risks to SGD for 2019 include the re-emergence of trade tensions between China and the US, and/or a serious global economic slowdown.
Traders, though, were happy to bet against the above risks and on SGD appreciation at the time of this report: a Reuters survey in February showed “long” SGD positions among bank traders rising to the highest level in 10 months.
Indonesian Rupiah (IDR) - Market news and forecasts
In the second week of March, the rupiah experienced its largest one-day loss in 8 months. Indonesia’s currency bore the brunt of a carry trade reversal, fuelled by an increase in investor concerns over global growth after the ECB announced it had cut growth forecasts (other central banks also cut forecasts in early 2019). The rupiah weakened to a 2-month low of 14,305 to the dollar, though this was still nearly 7 percent stronger than lows from October.
A positive resolution to US-China trade talks will likely boost the rupiah. These were ongoing at the time of writing. April's general election adds uncertainty to the currency's outlook.
At the start of the year, ANZ’s Head of Asia Research advised making bets on rupiah appreciation for 2019; he described the rupiah as one of his “top trades” for the year. The rupiah will be strongly supported, the researcher said, once the Fed begins to slow down or pause on US interest rate hikes, likely in the second half of the year.
Indonesia