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SGD to IDR - Compare Exchange Rates

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
Foreign Transfer Providers
Ratings & Reviews
Receive IDR(Rp)Exchange RateFee SGDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
101,637,400 IDR10163.7403.16%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
101,586,600 IDR10158.6603.21%Bank Transfers - Online & Phone1-2 days
DBS Bank logo
100,489,193 IDR10067.04184.26%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo
100,489,193 IDR10067.04184.26%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer SGD→IDR
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:10163.74 (3.16% from mid-rate)
IDR amount:101,637,400 IDR
Total Cost:3.16%
Time:
Rate Fetched: Wed Mar 20 2019 11:15:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer SGD→IDR
SGD amount:$10,000 SGD
Fee:
Exchange Rate:10158.66 (3.21% from mid-rate)
IDR amount:101,586,600 IDR
Total Cost:3.21%
Difference:
50,800 IDR less than using OFX
Time:13:55 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→IDR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:10067.04 (4.08% from mid-rate)
IDR amount:100,489,193 IDR
Total Cost:4.26%
Difference:
1,148,207 IDR less than using OFX
Time:13:55 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→IDR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:9985.6 (4.86% from mid-rate)
IDR amount:100,489,193 IDR
Total Cost:4.26%
Difference:
1,148,207 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

SGD to IDR interbank exchange rate = 10509.8117

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:
 

Compare how much you can save on
SGD/IDR exchange rates for:

Foreign Transfers

1 Week SGD to IDR
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Singapore Dollar

Indonesian Rupiah

1 SGD 10,509.81 IDR
5 SGD 52,549.06 IDR
10 SGD 105,098.12 IDR
20 SGD 210,196.23 IDR
50 SGD 525,490.59 IDR
100 SGD 1,050,981.17 IDR
250 SGD 2,627,452.93 IDR
500 SGD 5,254,905.85 IDR
1,000 SGD 10,509,811.70 IDR
2,000 SGD 21,019,623.40 IDR
5,000 SGD 52,549,058.50 IDR
10,000 SGD 105,098,117.00 IDR
50,000 SGD 525,490,585.00 IDR
100,000 SGD 1,050,981,170.00 IDR
See more

Singapore Dollar

Indonesian Rupiah

0.0001 SGD 1 IDR
0.0005 SGD 5 IDR
0.0010 SGD 10 IDR
0.0019 SGD 20 IDR
0.0048 SGD 50 IDR
0.0095 SGD 100 IDR
0.0238 SGD 250 IDR
0.0475 SGD 500 IDR
0.0950 SGD 1,000 IDR
0.1900 SGD 2,000 IDR
0.4750 SGD 5,000 IDR
0.9500 SGD 10,000 IDR
4.7500 SGD 50,000 IDR
9.5000 SGD 100,000 IDR
See more

IDR Country Guides
IndonesiaIndonesia

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.

DateExchange RatePeriodChange
20 Mar 201910497.8393Latest
13 Mar 201910520.58821 Week-0.22%
18 Feb 201910414.96481 Month+0.8%
21 Sep 201810557.05886 Months-0.56%
20 Mar 201810432.29851 Year+0.63%
20 Mar 20179535.66782 Years+10.09%
21 Mar 20148980.60595 Years+16.89%
22 Mar 20097766.627410 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good SGD to IDR exchange rate

  1. 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.
  2. 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.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

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.