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Compare USD to IDR foreign transfers

Use our comparison table to find the best exchange rates for Indonesian Rupiah foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
RpIDR

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Foreign Transfer Providers
Ratings & Reviews
Receive IDR(Rp)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
136,492,100 IDR
Best Overall
13649.210^3.02%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Banks - Average Rate International Money Transfers
132,740,290 IDR
3,751,810 IDR
13293.97155.68%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→IDR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:13649.21 (3.02% from mid-rate)
IDR amount:136,492,100 IDR
Total Cost:3.02%
Time:
Rate Fetched: Mon Apr 22 2019 22:03:24 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:13293.97 (5.54% from mid-rate)
IDR amount:132,740,290 IDR
Total Cost:5.68%
Difference:
3,751,810 IDR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the USD-IDR mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-IDR exchange rate.

Currency news and forecasts for United States Dollar and Indonesian Rupiah

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs IDR, you should pay attention to both United States Dollar and Indonesian Rupiah news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

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.