Indonesian Rupiah

Indonesian Rupiah

The rupiah (Rp) is the official currency of Indonesia. Issued and controlled by the Bank of Indonesia, the ISO 4217 currency code for the Indonesian rupiah is IDR. The name "Rupiah" is derived from the Indian word rupiya (रुपीया), ultimately from Sanskrit rupyakam (रूप्यकम्; silver). Informally, Indonesians also use the word "perak" ("silver" in Indonesian) in referring to rupiah. The rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete. Introduced in 1946 by Indonesian nationalists fighting for independence, the currency replaced a version of the Netherlands Indies gulden which had been introduced during the Japanese occupation in World War II. In its early years the rupiah was used in conjunction with other currencies, including a new version of the gulden introduced by the Dutch. The Riau islands and the Indonesian half of New Guinea (Irian Barat) had their own variants of the rupiah in the past, but these were subsumed into the national rupiah in 1964 and 1971 respectively (see Riau rupiah and West Irian rupiah).

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

127 Indonesian Rupiah to Japanese Yen exchange rates chart

127 IDR to JPY exchange rates graph
127 IDR to JPY Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

127 IDR to JPY exchange rates table

Exchange IDR to JPY
127 Indonesian Rupiah = 0.980 Japanese Yen
254 Indonesian Rupiah = 1.959 Japanese Yen
635 Indonesian Rupiah = 4.898 Japanese Yen
1270 Indonesian Rupiah = 9.797 Japanese Yen
Exchange Indonesian Rupiah to Japanese Yen
127 Indonesian Rupiah to Japanese Yen Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best IDR/JPY rate at World Currency Shop in Tokyo

127 IDR to JPY exchange rates at World Currency Shop in Tokyo
127 Indonesian Rupiah = 78.740 Japanese Yen
World Currency Shop
World Currency Shop

WCS(World Currency Shop) is one of the largest Money Exchange network in Japan, operated by a subsidiary of MUFG Bank,LTD. Our shops can be found in various location such as Tokyo,Yokohama,Nagoya,Osaka,Kyoto and Fukuoka. We keep 21 foreign currency in stock all the time. For your added convenience,visit http://www.tokyo-card.co.jp/wcs/wcs-shop-e.php 外貨両替 外貨両替 お知らせ 本日のレート / rate 店舗案内 / shop 求人情報 外貨両替のホームページは携帯でもご覧いただけます! QRコード 上のQRコードを携帯カメラで撮れば、WCSサイトへアクセスできます。 今すぐアクセス! 外貨両替 カード会員のお客様 加盟店のお客様...

Best IDR/JPY rate at HSBC in Jakarta

127 IDR to JPY exchange rates at HSBC in Jakarta
127 Indonesian Rupiah = 0.962 Japanese Yen
HSBC
HSBC

HSBC Group has a long and diverse history in Indonesia. HSBC opened its first branch in the country in Jakarta in 1884 under the name of The Hongkong and Shanghai Banking Corporation Limited, Indonesia Branch (“HSBC Foreign Bank Branch in Indonesia”). HSBC initially helped finance and facilitate the Indonesian sugar trade. HSBC then started expanding operations, by establishing a second office in the city of Surabaya in 1896. Over the subsequent years and decades HSBC has continued to grow...

Best IDR/JPY rate at Smartdeal in Jakarta

127 IDR to JPY exchange rates at Smartdeal in Jakarta
127 Indonesian Rupiah = 0.956 Japanese Yen
Smartdeal
Smartdeal

The company started under the name PT. Dinamis Citra Swakarsa which was founded in 1998 by Mr. Pongky Majaya. PT Dinamis Citra Swakarsa provide wholesale currency exchange services in Jakarta and has been successful ever since. PT Dinamis Citra Swakarsa operates with license from Bank of Indonesia No.5/218/KEP.Dir.PM/2003 On 28th of November 2011 the company expanded its product line and created PT. Solusi Multi Artha which operates in remittance services with license from Bank of Indonesia...

Best IDR/JPY rate at VIP Money Changer in Jakarta

127 IDR to JPY exchange rates at VIP Money Changer in Jakarta
127 Indonesian Rupiah = 0.974 Japanese Yen
VIP Money Changer
VIP Money Changer

Who We Are VIP Money Changer has been a leading foreign exchange dealer in Jakarta since 1995. Maintaining a good reputation is not an easy task to do--we do our best to keep you, our customers, satisfied. We updates our business models on the go to match your satisfaction criteria. As a result we have proudly been serving our community for decades and counting. The Indonesian Central Bank recognized VIP Money Changer as an authorized foreign exchange dealer (Indonesian Authorized Foreign...

Best IDR/JPY rate at Tourex in Osaka

127 IDR to JPY exchange rates at Tourex in Osaka
127 Indonesian Rupiah = 0.838 Japanese Yen
Tourex
Tourex

Welcome to the page of the Tourex Amerikamura store in Osaka, introduced by our Tourex Amerikamura staff. Address Osaka city, Chuo-ward, Nishi-Shinsaibashi 2-18-6 Tel (+81) 6-6484-2006 Open 10:30am - 6:30pm Trading currencies 12 countries Please find the 12 country's currencies listed below. USD USD ※ EUR EUR ※ CNY CNY ※ KRW KRW ※ HKD HKD ※ AUD AUD ※ TWD TWD ※ CAD CAD ※ THB THB ※ GBP GBP ※ PHP PHP ※ SGD SGD ※ MYR MYR ※ IDR IDR NZD NZD CHF CHF Sankaku Park (triangle park) The triangle park is...

Best IDR/JPY rate at Yen Exchange in Osaka

127 IDR to JPY exchange rates at Yen Exchange in Osaka
127 Indonesian Rupiah = 0.914 Japanese Yen
Yen Exchange
Yen Exchange

Newly open -SUOUMACHI- Posted on December 1, 2017 We are excited to announce that as of December 1, 2017, we have opened a new location in Suoumachi, Osaka. We handle “Malaysian Ringgit”, and “Pound” at our new location. We handle foreign currency exchanges with the BEST rate in ALL of Osaka. Address: 15-15-1 Higashishinsaibashi, Chuo-ku, Osaka 542-0083 (inside a convenience store “Poplar”) Business Hours: Open 24/7 365days a year NAMBA MAP 05:00 A.M. 01:00 A.M. 2-8-97, Nambanaka,...

127 IDR to JPY exchange rates news

High baht putting off tourists – and foreign residents
High baht putting off tourists – and foreign residents

There seems to be alarm, almost bordering on panic, at the falling tourist statistics, and many sectors are commenting on ways to reverse this trend, including waiving visa fees.

conditional neutral
Indonesia's latest economic stimulus package: What you need to know

The Indonesian government is going on a streak to weather down external shocks affecting the countrys economic performance.

conditional neutral
Indonesia c.bank surprises with 6th rate hike to shore up rupiah

C.bank unexpectedly hikes benchmark 25 bps to 6.00 pct; BI has raised key rate six times in 2018, by 175 bps; BI gives banks more liquidity.

indicative neutral
Fund managers place bets on Asia's oversold assets

: THE BUSINESS TIMES Banking & Finance - AS contagion from worries over global growth and trade friction pushes Asian equity, bond and currency markets deeper into bear territory, fund managers are hunting for bargains in Chinese and Indian equities and high-yielding Asian dollar bonds.. Read more at The Business Times.

indicative negative
Indonesia: October trade deficit is second worse since April 2014
Indonesia: October trade deficit is second worse since April 2014

A weak trade performance in October could still see a current account deficit at -3.3% of GDP in 4Q and a full year current account deficit of -3% of GDP

indicative neutral
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication
Japan provides 510mn Yen to assist Pakistan’s efforts for polio eradication

ISLAMABAD: The government of Japan has announced to provide 510 million Japanese Yen in grant aid to support supply of the essential polio vaccine for the

subjunctive positive
Japan provides 510 million Yen to assist Pakistan’s efforts for Polio Eradication - Pakistan

English News and Press Release on Pakistan about Contributions, Health, Children and Epidemic; published on 19 Nov 2018 by Govt. Japan and UNICEF

subjunctive neutral
Japanese Yen Strength Against USD Probably Worth Chasing For Now

The Japanese Yen doesn’t have many fundamental reasons to rise against the US Dollar, but its strength may have further to go in the short

conditional neutral
Week-Ahead Forecast For The GBP To JPY Exchange Rate: Eyes On BOJ Gov Kuroda And PM May Leadership

After weak performance in recent weeks, the Japanese Yen saw a resurgence in demand last week that helped it to capitalise against plummeting Pound

conditional negative

127 IDR to JPY currency converter