Convert 1 Indonesian Rupiah (IDR) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 18th July 2018 ( 18/07/2018 )
Below you will find the latest exchange rate for exchanging Indonesian Rupiah (IDR) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Indonesian Rupiah (IDR) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The Indonesian rupiah uses the international currency code of IDR, the written symbol of Rp, and is the official currency of Indonesia. Issued buy the Bank of Indonesia who mints the rupiah in denominations of Rp 50, Rp 100, Rp 200, Rp 500, and Rp 1000 and paper currency notes in denominations of Rp 1000, Rp 2000, Rp 5000, Rp 10,000, Rp 20,000, Rp 50,000, and Rp 100,000.
All currency issues of IDR prior to 1999 will no longer be accepted nor will they be legal tender after January 2018. The Bank of Indonesia is also considering eliminating the trailing three zeros in currency denominations, this move is not as a devaluation, but as a re-alignment of value assignment.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.