1 Million in Indonesian Rupiah: Understanding the Value
In Indonesia, the official currency is the Indonesian Rupiah (IDR). As the country's economy continues to grow, understanding the value of 1 million IDR is essential for anyone living, traveling, or doing business in Indonesia.
What can you buy with 1 million IDR?
1 million IDR is approximately equivalent to $70 USD or €60 EUR. With this amount, you can buy a variety of items, including:
- Food: You can enjoy a mid-range meal at a restaurant for around 50,000 IDR to 100,000 IDR ($3.50-$7 USD) per person. With 1 million IDR, you can eat out for 10-20 meals.
- Transportation: A one-way ticket for a domestic flight can cost between 500,000 IDR to 1,000,000 IDR ($35-$70 USD). You can buy 1-2 flight tickets with 1 million IDR.
- Accommodation: A night in a budget-friendly hotel or guesthouse can cost around 200,000 IDR to 500,000 IDR ($14-$35 USD). With 1 million IDR, you can stay for 2-5 nights.
- Daily essentials: You can buy daily essentials like groceries, toiletries, and household items worth 50,000 IDR to 100,000 IDR ($3.50-$7 USD) each. With 1 million IDR, you can buy these items for 10-20 days.
Daily Expenses in Indonesia
In Indonesia, daily expenses can vary greatly depending on your lifestyle and location. Here are some approximate costs for daily expenses:
- Food: 50,000 IDR to 100,000 IDR ($3.50-$7 USD) per meal
- Transportation: 10,000 IDR to 50,000 IDR ($0.70-$3.50 USD) per ride
- Accommodation: 200,000 IDR to 500,000 IDR ($14-$35 USD) per night
- Entertainment: 50,000 IDR to 100,000 IDR ($3.50-$7 USD) per person
Conclusion
1 million IDR is a significant amount of money in Indonesia, and it can cover a range of expenses, from daily essentials to entertainment and travel. Understanding the value of 1 million IDR can help you plan your finances and make the most of your money while living or traveling in Indonesia.
