On 23 October 2026, Bank Indonesia's JISDOR reference rate was Rp18,069 per US dollar. At that rate, 1,000 rupiah is worth about $0.055, 100,000 rupiah about $5.53 and 1 million rupiah about $55.34. To convert any amount, divide the rupiah figure by the current rate. JISDOR is a daily reference rate. The rate a bank, card issuer or money changer gives you will include its own margin, so check the quote before you exchange.
IDR to USD conversion table
The table uses the JISDOR rate for 23 October 2026 (Rp18,069 = $1). Figures are rounded.
| Indonesian rupiah (IDR) | US dollar (USD) |
|---|---|
| 1,000 | $0.055 |
| 10,000 | $0.55 |
| 50,000 | $2.77 |
| 100,000 | $5.53 |
| 500,000 | $27.67 |
| 1,000,000 | $55.34 |
| 10,000,000 | $553.43 |
| 100,000,000 | $5,534 |
For the other direction, multiply: $100 is about Rp1,806,900 at the same rate.
Quick mental maths
Drop three zeros from the rupiah amount and divide by 18. For example, Rp1,000,000 becomes 1,000, and 1,000 ÷ 18 ≈ $55.6, close to the exact $55.34. Older shortcuts based on a rate near 16,900 now overstate dollar values by about 7%.
What the banknotes are worth
The largest rupiah note is Rp100,000, worth about $5.53 at the 23 October rate. It is part of the 2022 emission series, which has seven paper notes: Rp100,000, Rp50,000, Rp20,000, Rp10,000, Rp5,000, Rp2,000 and Rp1,000. Bank Indonesia's regulation keeps the earlier 2004, 2014 and 2016 Rp100,000 notes valid as legal tender until they are withdrawn.
The latest: rupiah holds above 18,000 after Bank Indonesia's October meeting
The JISDOR rate stayed close to 18,000 through mid-to-late October 2026:
| Date (2026) | JISDOR, IDR per USD |
|---|---|
| 12 October | 17,899 |
| 14 October | 17,898 |
| 16 October | 18,052 |
| 19 October | 18,050 |
| 20 October | 18,006 |
| 21 October | 17,986 |
| 22 October | 18,047 |
| 23 October | 18,069 |
At its 20–21 October 2026 meeting, Bank Indonesia:
- held the BI-Rate at 5.75%
- raised the Deposit Facility rate to 5.00%
- kept the Lending Facility rate at 6.50%
The central bank said the rupiah stood at Rp17,985 per dollar on 20 October. That was 0.61% weaker than at the end of September, after the rupiah had gained until mid-September. It blamed the slide on three things:
- escalating geopolitical tensions in the Middle East
- US monetary tightening
- foreign investors' sentiment toward Indonesian equities
To support the currency, Bank Indonesia announced these steps on 21 October:
- Larger hedging discounts. The premium reduction on Domestic Non-Deliverable Forward (DNDF) hedging rose from 25% to 40% for 6-month tenors and from 30% to 45% for 12-month tenors.
- Continued intervention in the offshore NDF market and in onshore spot and DNDF transactions.
- Lower reserve requirements for conventional commercial banks: from 9% to 8% on 1 November 2026, then to 7% on 1 December 2026.
Bank Indonesia also reported USD9.9 billion of foreign capital inflows since June 2026, as of 20 October.
According to Trading Economics, the rupiah was down about 8.9% against the dollar over the 12 months to 23 October 2026, and its year-to-date fall was close to 8%. Trading Economics also puts the rupiah's weakest level ever at 18,279 per dollar in July 2026. Only this one market-data source supports that figure. Bank Indonesia's releases do not state it.
How the rupiah got here in 2026
- 13 May 2026: MSCI removed six Indonesian companies from its standard index in a quarterly review. Reuters reported that the rupiah fell to a then record low of 17,535 per dollar that day.
- 19–20 May 2026: Bank Indonesia raised the BI-Rate by 50 basis points to 5.25%.
- 9 June 2026: In a further move, it raised the rate by 25 basis points to 5.50%. It cited global turmoil, strong domestic demand for foreign currency and foreign portfolio outflows.
- 17–18 June 2026: A second 25 basis point hike took the BI-Rate to 5.75%. The bank recorded the rupiah at Rp17,730 on 17 June.
- 21–22 July 2026: The rate was held at 5.75%. Bank Indonesia put the rupiah at Rp17,885 on 21 July, after pressure from late June that it linked to renewed Middle East escalation and expectations of a US Federal Reserve hike.
- 20–21 October 2026: The BI-Rate was held at 5.75% and the Deposit Facility rate raised, as described above.
In total, the policy rate rose 100 basis points between May and June 2026, from 4.75% to 5.75%.
What is your rupiah worth in dollars?
Enter a rupiah amount and the rate you are quoted to see the US dollar value.
| Amount in Indonesian rupiah | Exchange rate, rupiah per US dollar | Value in US dollars |
|---|---|---|
| 1,000,000 IDR | 18,069 IDR per USD | 55.34 USD |
| 100,000 IDR | 18,069 IDR per USD | 5.53 USD |
| 1,000,000 IDR | 16,900 IDR per USD | 59.17 USD |
- The amount and the rate are your own inputs; the default rate is the 23 October 2026 JISDOR reference rate, not a live quote.
- The second example uses an older rate near 16,900, which overstates the dollar value by about 7% against the 23 October rate.
This is division on your inputs only: it does not fetch today's rate, leaves out each provider's margin and fees, and does not forecast where the rupiah goes next.
What moves the IDR/USD rate
- Bank Indonesia policy. The BI-Rate, the deposit and lending facility rates, and direct market intervention are the central bank's main tools for the rupiah. Its stated aim in October was to attract foreign capital and keep the exchange rate stable.
- US interest rates. Bank Indonesia named US monetary tightening as one of the pressures on the rupiah in both July and October 2026.
- Foreign investment flows. Foreign investors have to buy rupiah to buy Indonesian stocks and bonds, and sell rupiah when they leave. The MSCI index change in May and outflows from equities hit the currency directly.
- Geopolitics. Bank Indonesia's 2026 statements repeatedly cite tension in the Middle East as a source of pressure.
- Inflation. CPI inflation was 3.28% year on year in September 2026, within Bank Indonesia's 2.5% ±1% target range.
Bank Indonesia projects Indonesia's economy will grow 4.9–5.7% in 2026.
Changing rupiah and dollars: rules worth knowing
Use licensed money changers
In Indonesia, non-bank money changers (KUPVA BB) need a licence from Bank Indonesia. A licensed operator must display three things where customers can easily see them:
- the licensed KUPVA logo issued by Bank Indonesia
- the business licence certificate issued by Bank Indonesia
- the text "Authorized Money Changer"
Bank Indonesia's advice to customers:
- Check its published list of licensed operators, and its list of revoked licences, before you transact.
- Be wary of a rate much better than other changers offer. Unlicensed operators often use this to draw customers.
- Avoid operators that are secretive about their details or have no permanent place of business.
- Keep your receipt as evidence in case you need to complain.
To report an unlicensed changer, call Bank Indonesia's contact centre on 131 (1500131 from abroad) or email [email protected].
Pay in rupiah inside Indonesia
Under the Currency Act (Law No. 7 of 2011), all transactions in Indonesia, cash and non-cash, by residents and non-residents, must use rupiah. Bank Indonesia's implementing rules took effect on 1 July 2015, with narrow exemptions. Nobody may refuse rupiah offered for a payment that must be made in rupiah. Bank Indonesia has also said that virtual currencies, including bitcoin, are not legal means of payment in Indonesia. That applies to dollar-pegged stablecoins too: they cannot be used to pay for things there.
Declare large amounts of cash at the border
A 2016 Cabinet Secretariat announcement sets out these rules:
- Rp100 million or more: carrying cash or other payment instruments of this value into or out of Indonesia must be reported to the Directorate General of Customs and Excise, under Law No. 8 of 2010 on money laundering.
- Penalty: not declaring, or carrying more than you declared, brings a fine of 10% of the cash carried, capped at Rp300 million.
- Rupiah leaving the country: taking Rp100 million or more in rupiah out of Indonesia also needs a Bank Indonesia permit, under regulation 4/8/PBI/2002.
These rules come from a 2016 source. Check with customs before travelling with large sums.
FAQ
How much is 1,000 rupiah in US dollars?
About $0.055 at the 23 October 2026 JISDOR rate of Rp18,069. The small figure reflects the rupiah's large unit size. Inside Indonesia, prices are set in rupiah and in thousands of rupiah.
How much is 1 million rupiah in USD?
About $55.34 at Rp18,069 per dollar.
Why is the rupiah weak against the dollar in 2026?
Bank Indonesia cites three causes: tension in the Middle East, US monetary tightening and foreign investors pulling money out of Indonesian assets. The MSCI index change in May made the outflows worse. The central bank raised its policy rate by 100 basis points in May and June and has held it at 5.75% since.
What rate should I compare quotes against?
Bank Indonesia publishes the JISDOR reference rate on its website each business day. A quote far from it in either direction is worth questioning. Bank Indonesia warns that unlicensed changers often lure customers with unusually good rates.
Is there an official forecast for the rupiah?
No. Bank Indonesia publishes growth and inflation projections and its policy decisions, not an exchange-rate forecast.
Limitations: exchange rates change daily, and the conversions here use the JISDOR rate of 23 October 2026. Nothing in this article is investment or trading advice.
