1 Million IDR to USD: What's the Conversion Rate?
Are you curious about the exchange rate of 1 million Indonesian Rupiah (IDR) to United States Dollars (USD)? In this article, we'll provide you with the current conversion rate and some useful information about the currencies involved.
Current Exchange Rate
As of the current date, the exchange rate is approximately:
1,000,000 IDR = 70-80 USD
Please note that exchange rates can fluctuate constantly and may change rapidly, so this rate is only valid for a short period.
IDR vs USD: A Brief Overview
Indonesian Rupiah (IDR)
The Indonesian Rupiah is the official currency of Indonesia, introduced in 1949. It is divided into 100 sen, although sen are no longer used in everyday transactions. IDR is issued by the Bank of Indonesia, the country's central bank.
United States Dollar (USD)
The United States Dollar is the official currency of the United States, introduced in 1792. It is one of the most widely traded and widely held currencies in the world. USD is issued by the Federal Reserve, the central banking system of the United States.
Conversion Factors
When converting IDR to USD, you should consider the following factors:
- Economic indicators: Indonesia's economic performance, inflation rate, and interest rates can influence the exchange rate.
- Global events: Global events, such as the COVID-19 pandemic, can impact the exchange rate.
- Currency demand: The demand for USD can influence the exchange rate, particularly in international trade and tourism.
Conclusion
In conclusion, the conversion rate of 1 million IDR to USD is approximately 70-80 USD, subject to fluctuations. Understanding the exchange rate and factors that influence it can help you make informed decisions when conducting international transactions.
