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).

Argentine Peso

Argentine Peso

The peso (established as the peso convertible) is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos. Its ISO 4217 code is ARS. Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% in 2017. The official exchange rate for the United States dollar hovered around 3:1 from 2002 to 2008, climbing to 6:1 between 2009 and 2013. By August 2018, the rate had risen to 40:1.

409 Indonesian Rupiah to Argentine Peso exchange rates chart

409 IDR to ARS exchange rates graph
409 IDR to ARS 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.

409 IDR to ARS exchange rates table

Exchange IDR to ARS
409 Indonesian Rupiah = 1.063 Argentine Peso
818 Indonesian Rupiah = 2.127 Argentine Peso
2045 Indonesian Rupiah = 5.317 Argentine Peso
4090 Indonesian Rupiah = 10.635 Argentine Peso
Exchange Indonesian Rupiah to Argentine Peso
409 Indonesian Rupiah to Argentine Peso 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.

409 IDR to ARS exchange rates news

AEC Feed
AEC Feed

New Indonesian special economic zone opens for business in Riau Islands

conditional positive
Papua: how Indonesian president Jokowi is trying – and failing – to win hearts and minds

The government is focusing on economic development, but ignoring human rights abuses, local politics and indigenous peoples.

conditional negative
Namibia Announces Issuance of its First Green Bond
Namibia Announces Issuance of its First Green Bond

Bank Windhoek, a Namibian commercial bank, became the first commercial bank to issue a green bond not only in Namibia but also across southern Africa.

indicative neutral
Indonesia central bank surprises with 6th rate hike to shore up rupiah

Indonesia's central bank raised its benchmark interest rate for the sixth time this year as the country struggled to protect the fragile rupiah and lower its yawning current-account deficit.

conditional positive
Comment: Mitigating foreign exchange risk

Andy Scott, associate director of JCRA explains how to cope with currency swings

indicative positive
A sign of Argentina’s decadence

BUENOS AIRES, Argentina—Argentina's proud soccer tradition has been sullied by its fervent, fanatical fans. The land of Lionel Messi and Diego Maradona has won

conditional positive
G-20 leaders descend on Buenos Aires as host Argentina battles worst economic crisis in a decade

Argentina has been grappling with currency flight and an economy sinking deeper into recession, not to mention the worst drought in decades.

conditional neutral

409 IDR to ARS currency converter