Indonesia is the most populated country in Southeast Asia, and the country has quite an impressive export compared to the rest of the region. The exported products are mostly oil and gas, agriculture, palm oil, and rubber. After Japan, the United States is the biggest importer of Indonesian goods. Since the USD is the biggest reserve currency in the world and the main currency used for transactions related to oil, it comes as no surprise that USD is used to pay for a lot of the products exported from Indonesia.
But that is not the only connection between USD and IDR. The USD is by far the single most traded currency in the world which means that it is traded with pretty much every other currency there is, including the IDR. Even though IDR is not as popular on the forex market as other Asia currencies such as the Japanese Yen (JPY), Chinese Remini (CHN), and the Singapore dollar (SGD), it is still a fairly popular choice for Asian forex traders.
Indonesia is also known as a popular travel destination for people from all over the world, with the island of Bali being the most popular. This means that hundreds of thousands of people visit Indonesia every year and quite a large percentage of those visitors come from the United States. As you probably already know, all of these people will have to exchange the USD to IDR at some point either in person using cash or online with their bank or an exchange service.
Convert USD to IDR
Now that you are familiar with the different reasons why someone might want to convert USD to IDR or vice versa, the question is how do you convert the two currencies?
Well, the answer is very straightforward. If you need to convert physical money you need to visit a bank or an exchange service online or IRL. However, if you just want to check the exchange rate between the dollar and rupiah you can use a currency converter online. A currency converter is a tool used to compare the value of two currencies. This is very handy if you are buying products in another currency and want to double check the prices.
However, a currency converter is mostly used by forex traders that need to study how the USD to IDR exchange rate has developed over time as well as what the rate is in real time.
If you’re looking for a currency converter to compare USD and IDR you’ve come to the right place. We offer one of the best currency converters on the market with real-time updates and a detailed price history for all of the world’s currencies. It’s your go-to solution for all currency conversions, including the American dollar to Indonesian rupiah. Read our IQ Option Review in case you are looking for a great broker where you can trade these currencies.