Average bank exchange rate from data above: Buy 1 eur = 16411.87 idr / Sell 1 eur = 16580.21 idr

Historically, the Indonesian rupiah has fallen in price throughout its existence. However, its course is changing in the opposite direction. Tracking the change in quotes on the website, you can find the most suitable offer.

Course Dynamics

The European Union and its predecessors planned the release of the Euro since the 1960s. After difficult negotiations in 1993, the Maastricht Treaty came into force, designed to create an economic community. Monetary unit arose in 1999, but banknotes and coins started circulating only in 2002. New money quickly replaced the former and slowly spread beyond the EU.

Rupee in Indonesia appeared in 1949 after the proclamation of independence from the Netherlands. Initially, its cost was estimated at 1 guilden. Since the appearance of money and until today, there has been a drop in their value with a sharp fluctuation of quotations.

After the Bank of Indonesia intervened in October 2015, the rupee strengthened against EUR, the rate fell from 16,165 to 13,900. From January to August in 2017 IDR weakened by 12.65%, but the decrease in its value did not go beyond the previous fluctuation. From October 2017 to early April 2018, the average value of the quotation was 16347.235.

Recommendation

Our site will help you to choose the most successful day and the most reliable company. It is recommended not to hurry with the exchange of money during a tourist trip, try to track the change in rates and make reasonable use of the information that is provided.