500 Euros is approximately equal to 9,900,000 Indonesian Rupiah. This means that 500 Euros can get you about 99,000 Indonesian Rupiah. Keep in mind that the value of the Indonesian Rupiah changes daily, so the amount you get might be different. You can use a currency converter to get the most up-to-date rate.
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Why is Indonesian rupiah so high?
Since the 1997/1998 Asian Financial Crisis, the Indonesian rupiah (IDR) has been one of the most stable currencies in Southeast Asia. While some other regional currencies (e.g. Thai baht, Malaysian ringgit) have experienced significant declines against the US dollar over the past two decades, the IDR has only depreciated by around 10%. This relative stability has made the IDR an attractive investment currency, and has resulted in it being overvalued relative to other currencies in the region.
There are a number of reasons why the IDR is overvalued. Firstly, Indonesia has a large current account surplus, which means that the country exports more goods and services than it imports. This surplus is underpinned by Indonesia’s booming economy – the sixth largest in the world – and its growing middle class. Secondly, Indonesia has a low level of government debt, and is therefore seen as a safe investment by global investors.
Lastly, there is a limited supply of IDR currency notes, which means that demand for the currency is high. This is in contrast to currencies such as the Thai baht and Malaysian ringgit, which have a large supply of notes in circulation.
All of these factors have resulted in the IDR being overvalued relative to other currencies in the region. While this has been good news for Indonesian exporters, it has made it more expensive for Indonesian consumers to buy goods and services from abroad. It has also made it more difficult for Indonesian businesses to compete in regional markets.
The Indonesian government is aware of the IDR’s overvaluation, and has been taking steps to reduce it. In 2017, the government introduced a series of fiscal and monetary measures to reduce the current account surplus and make the economy less reliant on foreign investment. These measures have started to have an effect, and the IDR has depreciated by around 10% against the US dollar since the start of 2017.
While the IDR is still overvalued relative to other currencies in the region, its value is likely to continue to decline in the years ahead. This will be good news for Indonesian consumers and businesses, who will find it easier to buy goods and services from abroad, and compete in regional markets.
Is South African rand stronger than Indonesian rupiah?
There is no definitive answer to whether the South African rand is stronger than the Indonesian rupiah as this changes regularly and depends on a number of factors. However, it is generally agreed that the rand is stronger than the rupiah, although the difference between the two currencies is not always significant.
The main reason why the rand is generally considered to be stronger than the rupiah is because South Africa is a much more developed economy than Indonesia. This is reflected in the relative size of the two economies – South Africa’s GDP is around $350 billion, while Indonesia’s GDP is just $1 trillion. Additionally, South Africa has a relatively stable political environment, while Indonesia is often beset by political and social turmoil.
Another factor that tends to favour the rand is the fact that South Africa is a member of the Brics bloc of countries, which includes Brazil, Russia, India and China. This gives South Africa added credibility and influence on the global stage. Indonesia, by contrast, is not a member of any major economic bloc.
The rupiah has been weakening against the rand in recent years, and this trend is likely to continue in the foreseeable future. This is because Indonesia is facing a number of economic challenges, including high levels of debt, a large current account deficit and falling foreign investment. In contrast, South Africa’s economy is relatively healthy, with low levels of debt and a current account surplus.
Ultimately, whether the rand is stronger than the rupiah depends on the specific circumstances of each economy and how they are performing at any given time. However, on average, the rand is probably stronger than the rupiah.
How much is $500 US dollar in rupiah?
How much is $500 US dollar in rupiah?
500 US dollar is equivalent to 3,275,000 rupiah.
How much is $1 US in Indonesia?
The Indonesian rupiah is the official currency of Indonesia. As of September 2017, $1 US is equivalent to 13,788 rupiah. The rupiah is divided into 100 sen. Banknotes are issued in denominations of 100, 200, 500, 1,000, 2,000, 5,000 and 10,000 rupiah, while coins are issued in denominations of 5, 10, 20, 50 and 100 rupiah.
How much is a meal in Indonesia?
How much is a meal in Indonesia?
This is a difficult question to answer as the cost of a meal can vary greatly depending on the type of food, the restaurant, and the location. However, as a general guide, you can expect to pay around 5,000 to 10,000 Indonesian rupiah (IDR) for a meal in a humble local restaurant, while a more upmarket restaurant could charge as much as 50,000 IDR or more.
Some of the most popular dishes in Indonesia include nasi goreng (fried rice), rendang (spicy beef curry), sate (skewered meat), and mie goreng (fried noodles). If you’re looking for a cheap and tasty meal, why not try one of these dishes?
How much cash can you take into Indonesia?
How much cash can you take into Indonesia?
This is a question that many travelers may ask themselves, and the answer is that there is no definitive answer. The amount of cash that you can bring into Indonesia will depend on a number of factors, including your nationality, the currency you are traveling with, and the purpose of your visit.
If you are a foreigner and you are traveling to Indonesia for tourism purposes, you are allowed to bring in a maximum of US$5,000 or its equivalent in other currencies. If you are traveling for business purposes, you are allowed to bring in a maximum of US$10,000 or its equivalent. It is important to note that these are maximums, and you may be able to bring in more or less depending on your individual circumstances.
If you are a foreigner and you are traveling to Indonesia with more than the allowed amount of cash, you will need to declare it at the airport. If you are caught bringing in more cash than is allowed without declaring it, you may be subject to fines or other penalties.
If you are an Indonesian citizen, you are allowed to bring in any amount of cash you like. However, it is always a good idea to declare any large sums of money at the airport, as there may be restrictions on how much you can take out of the country.
So, how much cash can you take into Indonesia? The answer is that it depends on your nationality and the purpose of your visit. If you are a foreigner and you are traveling for tourism or business purposes, you are allowed to bring in a maximum of US$5,000 or its equivalent. If you are an Indonesian citizen, you are allowed to bring in any amount of cash you like.
What is the cheapest country to visit from South Africa?
There are a few factors to consider when trying to answer the question of what the cheapest country to visit from South Africa is. The cost of airfare, the cost of living, and the cost of attractions and activities are all important factors to consider.
When it comes to airfare, the cheapest countries to fly to from South Africa are often in the African continent. Countries like Kenya, Tanzania, and Zambia offer relatively cheap flights from South Africa. There are also a number of budget airlines that offer flights to a variety of countries at a lower cost.
When it comes to the cost of living, Asia is often a cheaper option than Europe or North America. Countries like Thailand, Vietnam, and India offer a lower cost of living, which can result in significant savings for travellers. Attractions and activities can also be cheaper in these countries, making them a great option for budget-minded travellers.
Ultimately, the cheapest country to visit from South Africa will vary depending on the individual traveller’s needs and interests. There are a number of great options for budget-minded travellers, and it is important to do some research to find the best deal for each individual.