Convert IDR to EUR - Indonesia Rupiah to Euro Exchange Rate | FX LeadersFX Leaders
Prices update in real time
POPULAR CURRENCY CONVERTERS
<% signal.Current.pair %> <% signal.Current.rate %>
WHAT IMPACTS THE IDR/EUR EXCHANGE RATE
The IDR/EUR symbol represents the currency pairing that trades the Indonesian rupiah against the Euro in the forex market - a highly volatile and risky pair to trade. This is because the IDR is one of the riskiest currencies to hold, owing to very high levels of inflation in the island nation of Indonesia, of which it is the official currency.On the other hand, the Euro is considered one of the most stable currencies globally, next only to the US dollar in terms of volumes traded worldwide as well as being considered as a reserve currency. The EUR enjoys the status of being a reserve currency owing to the perceived stability of the Eurozone economy - one of the most developed economies in the world.The value of the IDR is not only influenced by steep levels of inflation in Indonesia, but also by the prices of agricultural commodities such as rubber and palm oil, as these are important exports from Indonesia and contribute heavily to its GDP. For instance, a decline in palm oil prices will reduce the contribution of its exports to the economy, and weaken the value of the IDR as a result. On the other hand, stronger prices for these commodities serve to strengthen the value of the IDR, turning the IDR/EUR bullish.
IDR to EUR CONVERSION RATES
IDR
EUR
<% amount * currencies.converter.rate |toFixed: 4 %> EUR
EUR
IDR
<% amount / currencies.converter.rate |toFixed: 4 %> IDR
IDR to EUR CHARTS
IDR/EUR Live Chart
IDR/EUR Historical Chart
IDR to EUR EXCHANGE RATE - FAQ
What economic events affect the exchange rate of IDR/EUR?

The IDR/EUR exchange rate experiences significant volatility on the release of important economic data from Indonesia and the Eurozone, including GDP, inflation, trade balance, retail sales, PMI reading from the manufacturing sector and unemployment rate.

What is a good time to trade IDR/EUR?

The IDR/EUR currency pair sees maximum movement during the Asian and European trading sessions, when most market moving events related to this pair release. As a result, this pair sees most volatility between 11:00 PM and 04:00 PM GMT.

How do central bank decisions impact the currency rate of IDR/EUR?

Both IDR and EUR see considerable change in their value on the announcement of changes to monetary policy and interest rates by the Bank of Indonesia and the European Central Bank respectively. For instance, when the ECB cuts interest rates or adopts a more dovish tone in its monetary policy, the EUR weakens, causing IDR/EUR to trade bullish, and vice versa.