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SGD/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 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. Calculate amounts and rate margins with the SGD/IDR Calculator.

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SGD/IDR - 90 Day Rate Alerts

1 SGD = 10211.3583 IDR

NO ALERTS for SGD/IDR
SGD/IDR over the last 90 days

View SGD/IDR - Interactive Chart

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.

 
Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
101,602,571 IDR10212.34S$510.61%
OFX logo
98,183,000 IDR9818.30 for BER users (normally $15)3.95%
DBS Bank logo
97,073,852 IDR9724.89185.04%
Banks - Average Rate
DBS Bank logo
97,073,852 IDR9724.89185.04%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→IDR
From Amount:10,000 SGD
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:10212.34 (0.1% from mid-rate)
To Amount:101,602,571 IDR
Total Cost:0.61%
Time:1:09 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:10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:9818.3 (3.95% from mid-rate)
To Amount:98,183,000 IDR
Total Cost:3.95%
Difference:
3,419,571 IDR less than using TransferWise
Time:
Rate Fetched: Mon Sep 23 2019 00:15:14 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:10,000 SGD
Fee:18
Exchange Rate:9724.89 (4.87% from mid-rate)
To Amount:97,073,852 IDR
Total Cost:5.04%
Difference:
4,528,719 IDR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→IDR
From Amount:10,000 SGD
Fee:18
Exchange Rate:9646.22 (5.64% from mid-rate)
To Amount:97,073,852 IDR
Total Cost:5.04%
Difference:
4,528,719 IDR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→IDR
From Amount:10,000 SGD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

SGD / IDR converter & margin calculator

S$SGD
RpIDR
mid-rates

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

Foreign Transfers

Foreign Transfers Travel Money

Singapore Dollar

Indonesian Rupiah

1 SGD 10,211.36 IDR
5 SGD 51,056.79 IDR
10 SGD 102,113.58 IDR
20 SGD 204,227.17 IDR
50 SGD 510,567.92 IDR
100 SGD 1,021,135.83 IDR
250 SGD 2,552,839.58 IDR
500 SGD 5,105,679.15 IDR
1,000 SGD 10,211,358.30 IDR
2,000 SGD 20,422,716.60 IDR
5,000 SGD 51,056,791.50 IDR
10,000 SGD 102,113,583.00 IDR
50,000 SGD 510,567,915.00 IDR
100,000 SGD 1,021,135,830.00 IDR
See more

Singapore Dollar

Indonesian Rupiah

0.0001 SGD 1 IDR
0.0005 SGD 5 IDR
0.0010 SGD 10 IDR
0.0020 SGD 20 IDR
0.0049 SGD 50 IDR
0.0098 SGD 100 IDR
0.0245 SGD 250 IDR
0.0490 SGD 500 IDR
0.0980 SGD 1,000 IDR
0.1960 SGD 2,000 IDR
0.4900 SGD 5,000 IDR
0.9800 SGD 10,000 IDR
4.9000 SGD 50,000 IDR
9.8000 SGD 100,000 IDR
See more
Country Guides (SGD & IDR)
IndonesiaIndonesia (IDR)SingaporeSingapore (SGD)

SGD/IDR - Historical Trends

This table shows historic rates and trends of Singapore Dollar to Indonesian Rupiah over periods upto 10 years.

PeriodChange*SGD/IDRDate
1 Day-0.4%10242.528319 Sep 2019
7 Day+0.3%10167.860713 Sep 2019
30 Day-1.2%10325.182121 Aug 2019
3 Month-2.1%10423.807022 Jun 2019
1 Year-3.3%10552.377820 Sep 2018
5 Year+7.7%9472.734621 Sep 2014
10 Year+48.6%6864.940022 Sep 2009

*For period to 20-Sep 21UTC when SGD/IDR was 10202.5470

You can use our SGD interactive charts to check SGDIDR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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