1 Indonesian Rupiah to New Zealand Dollars
Find the daily exchange rates for IDR/NZD and for all the top World currencies.
Today 1 Indonesian Rupiah is worth 0.00011 NZD while 1 New Zealand Dollar is worth 9,139.37503 IDR.
Indonesian Rupiah / New Zealand Dollar ratio is the value of the Indonesian Rupiah in New Zealand Dollar.
IDR/NZD thus refers to the exchange rate of the Indonesian Rupiah in New Zealand Dollar, ie the value of the Indonesian currency expressed in New Zealand currency.
The notation used is IDR / NZD, but there are others, such as IDRNZD or IDR-NZD. The symbol for IDR can be written p.
The symbol for NZD can be written $.
IDR to NZD Exchange Rates Table
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Countries That Use Indonesian Rupiah (IDR) as their official currency
The Indonesian Rupiah (IDR) is used as the main currency in the following countries: Indonesia
Countries That Use New Zealand Dollar (NZD) as their official currency
The New Zealand Dollar (New Zealand Dollar) is used as the main currency in the following countries: Cook Islands, New Zealand, Niue, Pitcairn Islands
About The Indonesian Rupiah (NZD)
The NZD - New Zealand Dollar - is the official currency of New Zealand, as well as the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. The New Zealand Dollar is symbolized by '$' or 'NZ$' to distinguish it from other dollar-denominated currencies and is abbreviated as 'NZD.' It is also colloquially known as the 'Kiwi Dollar,' in reference to the kiwi bird, a national symbol of New Zealand. The NZD is subdivided into 100 cents and plays a crucial role in supporting the country's diverse economy, known for its agriculture, tourism, and services sectors.
The New Zealand Dollar was introduced in 1967, replacing the New Zealand Pound at a rate of two dollars per pound as part of a move towards decimalization. This transition aligned New Zealand's currency system with many other countries that had already adopted decimal-based systems. Since its introduction, the NZD has evolved to become one of the most traded currencies in the world, particularly among commodity-linked currencies. The strength of the New Zealand Dollar reflects the country’s economic resilience, stable financial system, and strong trade relationships with major economies, particularly Australia, China, and the United States.
The Reserve Bank of New Zealand (RBNZ) is the central bank responsible for issuing the New Zealand Dollar and managing the country's monetary policy. Established in 1934, the RBNZ plays a key role in maintaining price stability, managing inflation, and promoting sustainable economic growth. The central bank sets interest rates and oversees the financial system to ensure that the NZD remains stable and trusted. The NZD is a free-floating currency, with its value determined by supply and demand in the global foreign exchange market. The Reserve Bank also intervenes in the forex market when necessary to stabilize the currency during periods of excessive volatility.
The New Zealand Dollar is issued in both coin and banknote forms. Coins are available in denominations of 10, 20, and 50 cents, as well as 1 and 2 dollars. Banknotes are issued in denominations of 5, 10, 20, 50, and 100 dollars. The banknotes feature notable figures from New Zealand’s history, including Sir Edmund Hillary, the first person to reach the summit of Mount Everest, and Kate Sheppard, a leader in the women's suffrage movement. The reverse sides of the banknotes include imagery depicting New Zealand's unique flora, fauna, and natural landmarks, such as the yellow-eyed penguin and Mount Cook. The banknotes are made from polymer and include advanced security features, making them durable and resistant to counterfeiting.
New Zealand’s economy is diverse and heavily reliant on agriculture, with key exports including dairy, meat, and wine. Tourism is also a major contributor to the economy, with millions of visitors attracted each year by New Zealand's breathtaking landscapes, adventure activities, and rich cultural heritage. The New Zealand Dollar plays an essential role in supporting these industries, facilitating both domestic trade and international exports. The NZD is often influenced by global commodity prices, particularly dairy, as New Zealand is one of the world’s largest dairy exporters. Its value is also impacted by economic data, interest rate decisions, and global trade dynamics.
The New Zealand Dollar is used throughout New Zealand for all types of transactions, from everyday purchases at local markets to large business transactions in major cities like Auckland and Wellington. Tourists visiting New Zealand will use the NZD for their travel expenses, including exploring popular destinations like Milford Sound, Rotorua’s geothermal wonders, and the vibrant city life of Queenstown. The NZD serves as a practical currency for day-to-day life and a symbol of New Zealand’s natural beauty, cultural identity, and economic independence.
Despite being a relatively small economy, New Zealand has a significant place in global trade, and the New Zealand Dollar is an important part of the international financial system. The country’s stable political environment, transparent regulatory framework, and emphasis on sustainability have helped the NZD maintain its value and attractiveness to investors. As New Zealand continues to develop its economy, with a focus on innovation, green energy, and sustainable growth, the New Zealand Dollar remains a symbol of the country's resilience, progress, and commitment to maintaining a prosperous and open economy.
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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