IDR/ZAR
Market Open
15 Jun, 08:29
R
0. 000913
+0.000002
+0.2109%
R
14,716 Volume
R 0.000911
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IDRZAR Overview
IDRZAR is the currency pair quoting the value of the Indonesian Rupiah (IDR) priced in terms of the South African Rand (ZAR). It indicates how many rand are required to purchase one rupiah, reflecting bilateral currency movements between Indonesia and South Africa.
The Indonesian Rupiah is the official currency of the Republic of Indonesia, used across the archipelago’s domestic economy. Bank Indonesia is the issuing authority and monetary policymaker responsible for currency stability, inflation targeting, and liquidity management in the IDR market.
The South African Rand serves as the legal tender of the Republic of South Africa and is widely used in the Southern African region. The South African Reserve Bank manages the rand, implementing monetary policy, overseeing financial stability, and issuing banknotes and coins.
The IDRZAR exchange rate is driven by market supply and demand, cross-border trade flows, relative interest rate differentials, inflation trends, and central bank interventions. Geopolitical events, commodity price shifts and investor risk sentiment also influence short- and medium-term fluctuations.
For traders and businesses, IDRZAR offers a mechanism for hedging exposure between two emerging-market currencies, facilitating international trade settlements and providing speculative opportunities tied to macroeconomic divergence and commodity-linked dynamics.
The Indonesian Rupiah is the official currency of the Republic of Indonesia, used across the archipelago’s domestic economy. Bank Indonesia is the issuing authority and monetary policymaker responsible for currency stability, inflation targeting, and liquidity management in the IDR market.
The South African Rand serves as the legal tender of the Republic of South Africa and is widely used in the Southern African region. The South African Reserve Bank manages the rand, implementing monetary policy, overseeing financial stability, and issuing banknotes and coins.
The IDRZAR exchange rate is driven by market supply and demand, cross-border trade flows, relative interest rate differentials, inflation trends, and central bank interventions. Geopolitical events, commodity price shifts and investor risk sentiment also influence short- and medium-term fluctuations.
For traders and businesses, IDRZAR offers a mechanism for hedging exposure between two emerging-market currencies, facilitating international trade settlements and providing speculative opportunities tied to macroeconomic divergence and commodity-linked dynamics.
IDRZAR Chart
IDRZAR FAQ
What is the current IDR/ZAR price?
The current rate is R0.000913, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the IDR/ZAR rate changed today?
The rate has changed by +0.000002 (+0.2109%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R0.000911, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is IDR/ZAR moving up or down?
Movements in IDR/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.2109%) is based on the difference between the current rate and the previous closing rate.
Is IDR/ZAR trending up or down right now?
If the current rate (R0.000913) is above the previous close (R0.000911), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for IDR/ZAR directly on this page.
