Indonesian IDR Singapore SGD

Indonesian rupiah Singapore dollar currency converter.

Indonesia IDR Rp perak / Dollar SGD S$ $ Ringgit Singapore சிங்கப்பூர் வெள்ளி 新加坡元 / 新币 Ringgit Singapura

The exchange rate is automatically updated.

Easy one click conversion. Very intuitive. No decimal errors when converting.

Keyboard always on screen for a better display, it doesn't pop up.

You can close the app through the exit button to stop it from consuming mobile resources.

Can work offline. If the internet connection is not available, it uses the last exchange rate available.

Indonesian Rupiah (IDR) and Singapore Dollar (SGD) are the official currencies of Indonesia and Singapore, respectively. Both currencies are widely used in their respective countries and are also traded on the international foreign exchange market.

Exchange Rate

The exchange rate between IDR and SGD fluctuates constantly, reflecting the supply and demand for both currencies. As of March 8, 2023, 1 SGD is equal to approximately 10,700 IDR. This means that it takes 10,700 Indonesian Rupiahs to buy 1 Singapore Dollar.

Factors Affecting Exchange Rate

Several factors can influence the exchange rate between IDR and SGD, including:

* Economic Growth: Strong economic growth in either country can lead to increased demand for its currency, causing its value to rise against the other.

* Inflation: High inflation in Indonesia can erode the value of IDR, making it less attractive to investors and traders.

* Interest Rates: Higher interest rates in Singapore can make SGD more attractive to investors, leading to an appreciation of SGD against IDR.

* Political Stability: Political instability or uncertainty in either country can lead to currency volatility.

* Foreign Investment: Foreign investment flows into Indonesia or Singapore can impact the demand for their currencies.

Trading IDR/SGD

IDR/SGD is a popular currency pair traded on the foreign exchange market. Traders can speculate on the exchange rate fluctuations to make profits. IDR/SGD is considered a volatile currency pair, offering potential for both gains and losses.

Currency Exchange

When traveling between Indonesia and Singapore, it is essential to exchange currency to avoid paying high transaction fees. Currency exchange services are widely available in both countries, including banks, exchange bureaus, and hotels. It is advisable to compare exchange rates from different providers before exchanging money to get the best deal.

Conclusion

The exchange rate between IDR and SGD is influenced by various economic factors and market conditions. Understanding these factors and monitoring the currency market can help investors and traders make informed decisions when exchanging currencies or trading IDR/SGD.