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USD/IDR - Convert Compare Save

United States 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 United States Dollar to Indonesian Rupiah exchange rate, has news, forecasts and USD 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.

USD/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 USD/IDR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

USD to IDR International Money Transfers

  

Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee USDTotal CostDeal Links
OFX logo
139,024,100 IDR
Best Overall
13902.410^3.15%
Banks - Average Rate International Money Transfers
135,202,791 IDR
3,821,309 IDR
13540.59155.81%
 
OFX: Foreign Transfer USD→IDR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:13902.41 (3.15% from mid-rate)
IDR amount:139,024,100 IDR
Total Cost:3.15%
Time:
Rate Fetched: Mon Jun 17 2019 18:03:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→IDR
USD amount:$10,000 USD
Fee:15
Exchange Rate:13540.59 (5.67% from mid-rate)
IDR amount:135,202,791 IDR
Total Cost:5.81%
Difference:
3,821,309 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 06/17/2019 - 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 USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
12,434,598 IDR
Compare
12560.2$1013.37%
Travelex Online US logo
12,134,644 IDR
299,954 IDR
12134.6440^15.46%
 

Banks - Average Rate

Travel Money USD→IDR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:12560.2 (12.5% from mid-rate)
IDR amount:12,434,598 IDR
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
Travelex Online US: Travel Money USD→IDR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:12134.644 (15.46% from mid-rate)
IDR amount:12,134,644 IDR
Total Cost:15.46%
Time:
Rate Fetched: Mon Jun 17 2019 18:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 06/17/2019 - See full table

USD to IDR interbank exchange rate = 14332.7

 
 

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 USD/IDR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

USD and IDR in the Markets

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

 

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

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