1 Million IDR to EUR: Convert Indonesian Rupiah to Euro
Are you looking to convert 1 million Indonesian Rupiah (IDR) to Euro (EUR)? You're in the right place! In this article, we'll provide you with the latest exchange rate and a brief overview of the IDR and EUR currencies.
IDR to EUR Exchange Rate
As of the current date, the exchange rate is: 1 IDR = 0.000061 EUR
So, to convert 1 million IDR to EUR, we multiply:
1,000,000 IDR × 0.000061 EUR/IDR = approximately 61 EUR
What is Indonesian Rupiah (IDR)?
The Indonesian Rupiah (IDR) is the official currency of Indonesia. It is issued by the Bank of Indonesia, the country's central bank. IDR is subdivided into 100 sen, although sen coins are no longer in circulation.
What is Euro (EUR)?
The Euro (EUR) is the official currency of the European Union. It is used by 19 of the 28 member states, including Germany, France, and Italy. EUR is subdivided into 100 cents.
Why Convert IDR to EUR?
There are several reasons why you might need to convert IDR to EUR:
- Travel: If you're traveling from Indonesia to Europe, you'll need to exchange your IDR for EUR to pay for accommodations, food, and transportation.
- Commerce: If you're an importer or exporter, you may need to convert IDR to EUR for international trade transactions.
- Investment: If you're investing in European markets or companies, you may need to convert IDR to EUR to take advantage of investment opportunities.
Conclusion
We hope this article has been helpful in converting 1 million IDR to EUR. Remember to always check the latest exchange rates before making any conversions, as currency values can fluctuate frequently.
References
- Bank of Indonesia. (n.d.). Exchange Rates. Retrieved from
- European Central Bank. (n.d.). Euro Exchange Rates. Retrieved from
