1 Indonesian Rupiah to United Kingdom Pounds
Find the daily exchange rates for IDR/GBP and for all the top World currencies.
Today 1 Indonesian Rupiah is worth 0.00005 GBP while 1 United Kingdom Pound is worth 20,299.35133 IDR.
Indonesian Rupiah / United Kingdom Pound ratio is the value of the Indonesian Rupiah in United Kingdom Pound.
IDR/GBP thus refers to the exchange rate of the Indonesian Rupiah in United Kingdom Pound, ie the value of the Indonesian currency expressed in English currency.
The notation used is IDR / GBP, but there are others, such as IDRGBP or IDR-GBP. The symbol for IDR can be written p.
The symbol for GBP can be written £.
IDR to GBP Exchange Rates Table
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Countries That Use Indonesian Rupiah (IDR) as their official currency
The Indonesian Rupiah (IDR) is used as the main currency in the following countries: Indonesia
Countries That Use United Kingdom Pound (GBP) as their official currency
The United Kingdom Pound (United Kingdom Pound) is used as the main currency in the following countries: South Georgia and the South Sandwich Islands, Guernsey, Isle of Man, Jersey, United Kingdom
About The Indonesian Rupiah (GBP)
The GBP - British Pound Sterling - is the official currency of the United Kingdom, which includes England, Scotland, Wales, and Northern Ireland. It is one of the oldest currencies still in use today, dating back over 1,200 years. The British Pound is symbolized by '£' and abbreviated as 'GBP,' which stands for 'Great British Pound.' The Pound is subdivided into 100 smaller units called 'pence.' Often referred to simply as 'Sterling,' the GBP is one of the world’s most widely traded currencies, reflecting the United Kingdom’s significant role in global finance and trade.
The origins of the British Pound date back to Anglo-Saxon England, where the term 'pound' referred to the weight of silver used in minting coins. The name 'Sterling' is thought to have originated from the Old Norman French word 'esterlin,' meaning 'little star,' which was stamped on early coins. Over the centuries, the British Pound has evolved, adapting through various forms and monetary systems, including the adoption of the gold standard in the 19th century, and eventually becoming a free-floating currency in the 1970s.
The Pound Sterling is managed by the Bank of England, the central bank of the United Kingdom, which was established in 1694. The Bank of England is responsible for issuing banknotes and regulating the currency’s supply to ensure economic stability. The bank also sets interest rates and controls monetary policy to manage inflation and support economic growth. The UK’s financial stability, combined with London’s status as a leading global financial center, makes the Pound an attractive currency for international investors and a major reserve currency alongside the US Dollar and the Euro.
The British Pound is issued in both coin and banknote forms. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 pence, as well as 1 and 2 Pounds. Banknotes are issued in denominations of 5, 10, 20, and 50 Pounds. Each banknote features portraits of notable British figures, including Sir Winston Churchill, Jane Austen, and JMW Turner, as well as historical landmarks such as Westminster Abbey and the Tower of London. In recent years, the Bank of England has transitioned to polymer banknotes, which are more durable, environmentally friendly, and resistant to counterfeiting compared to traditional paper notes.
The British Pound is a free-floating currency, with its value determined by the foreign exchange market. The Pound’s value can be influenced by a variety of factors, including monetary policy decisions by the Bank of England, political developments, and economic indicators such as GDP growth, unemployment rates, and inflation. In recent years, significant political events like the Brexit referendum in 2016 have had a notable impact on the Pound’s value, reflecting market reactions to changes in the UK’s economic outlook and trade relationships.
The Pound Sterling is used throughout the United Kingdom and its territories, providing a stable medium of exchange for residents and businesses. It is also accepted in some British Overseas Territories and Crown Dependencies, such as Gibraltar, the Falkland Islands, and the Isle of Man, each of which issues its own version of the Pound. Tourists visiting the UK will find the Pound essential for all transactions, from exploring historic sites like Buckingham Palace and Edinburgh Castle to shopping in London’s bustling markets and enjoying the countryside of Wales and Northern Ireland.
As one of the world’s most established currencies, the British Pound remains a symbol of the UK’s economic heritage, stability, and influence. The UK’s robust financial sector, rich history, and status as a leading global economy contribute to the Pound’s enduring strength and significance. The GBP continues to serve as a vital part of the international financial system, and its role as both a reserve currency and a global trading currency underscores the UK’s ongoing importance in world finance and trade.
About The Indonesian Rupiah (IDR)
The IDR - Indonesian Rupiah - is the official currency of the Indonesia in Asia. There are 100 sen in each 1 Rp ( its sub-unit ). The symbol for IDR is Rp. The rupiah (Rp) is the official currency of Indonesia and is subdivided into 100 sen. The name derives from the Indian monetary unit rupee which is called as rupiya in Indian languages. Informally, Indonesians also use the word 'perak' in referring to rupiah. Inflation has now rendered all coins and banknotes denominated in sen obsolete.
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