Rp Indonesian Rupiah
Currency Code: IDR
Currency of Indonesia. Major currency in Southeast Asia.
Issuing Authority
Bank Indonesia (BI)
Key Features
Largest Southeast Asian Economy
Indonesia largest ASEAN economy. 270M+ population.
Growing Market
Rapid economic growth 5%+ annually.
Modern Clearing Infrastructure
BI-FAST and SKN enable near-instant IDR settlement to corporate accounts.
Commodity Currency
Linked to commodity prices (palm oil, minerals).
Popular Corridors
Singapore → Indonesia
Malaysia → Indonesia
US → Indonesia
Australia → Indonesia
Frequently Asked Questions
What is the IDR/USD rate?
Approximately Rp15,000-16,000 = $1 USD.
Which IDR rails does Woalet use?
BI-FAST for near-instant settlement and SKN for same-day batches to corporate accounts.
How much cheaper than banks?
35-45% cheaper. Direct RTGS transfers with minimal markup.
Can I send to remote areas?
Yes, banks and e-wallets nationwide coverage.
What are typical transfer times?
Bank transfers 1-3 hours. E-wallet transfers instant to 1 hour.