IDR/MYR
ExoticIndonesian RupiahMalaysian Ringgit
0.00023
+0.0 pips+0.56%
Bid
0.00023Ask
0.00023spread
0.0 pips24h Δ+0.56%
Price chart
Daily volatility
1.04%
0.00%2.00%
High volatility1.04%
52-week range
0.00
0.000.00
0.000220.000230.00026
30-day return
-2.48%
ConsolidatingKey correlation
Coming soon
24h volume
Global OTC (decentralized market)
About IDR/MYR
The IDR/MYR pair represents the exchange rate between Indonesian Rupiah and Malaysian Ringgit. This shows how many Malaysian Ringgits are needed to buy one Indonesian Rupiah.
Currency converter
You send
You receive
1 IDR = 0.00023 MYR
Mid-market rate
Key statistics
24h volume
Global OTCAvg. spread
0.5-1.5 pipsPip value
$10 por lote estándarMargin req.
3.33%52-week range
High
0.000263
Low
0.000224
52-week range
0.0002260.0002240.000263
Low
0.000224
High
0.000263
Currency converter
You send
You receive
1 IDR = 0.00023 MYR
Mid-market rate
Key statistics
24h volume
Global OTCAvg. spread
0.5-1.5 pipsPip value
$10 por lote estándarMargin req.
3.33%52-week range
High
0.000263
Low
0.000224
52-week range
0.0002260.0002240.000263
Low
0.000224
High
0.000263
Frequently Asked Questions
The current IDR/MYR exchange rate is 0.0002, meaning 1 IDR equals 0.0002 MYR. The rate has increased by +0.56% in the past 24 hours.
IDR/MYR has risen by +0.56% over the last week. The monthly change is a -2.48% drop.
The current spread for IDR/MYR is 0.0000, with a bid price of 0.0002 and an ask price of 0.0002. The spread represents the transaction cost for trading this currency pair.
IDR/MYR highest rate in the last year was 0.0003, and its lowest rate was 0.0002.
The IDR/MYR exchange rate is influenced by several macroeconomic factors including interest rate differentials between the central banks of Indonesian Rupiah and Malaysian Ringgit, inflation rates, GDP growth, trade balances, and geopolitical events. Monetary policy decisions by each country's central bank are typically the most significant driver of currency movements.
Investors in Latin America can access the forex market through international brokerage platforms and regulated forex brokers. Many platforms accept local payment methods and only require a valid government ID or passport to get started. Make sure to choose a regulated broker with transparent fee structures.
IDR/MYR can be traded during 24/5 (Sun 22:00 - Fri 22:00 GMT). The forex market operates nearly 24 hours a day during the business week, with the highest liquidity typically during the London and New York session overlap.
Many investors in Latin America hold hard currencies like IDR (Indonesian Rupiah) as a hedge against local currency devaluation. If your local currency loses value relative to IDR, your holdings in IDR preserve their purchasing power. This is one reason why forex diversification is a common strategy for investors in regions with higher inflation.