Year 2015 saw a good growth in remittance inflow to Indonesia with a good $ 10.51 billion. The country remains in world’s top 15 remittance receiver. Indonesia receives the major portion of its remittances from Malaysia and Saudi Arabia. Migrant workers from Indonesia continue to grow in numbers year on year and their remittances sent to help their families back home plays a good role in economy of this asian country.
The remittance industry of Indonesia is growing positively with this growth and migrants are now exploring and using online money transfer services to a great extent along with conventional banks and money transfer operators too. A unified remittance comparison service can really come handy to send money to Indonesia in this competitive market.
If you want to transfer money to Indonesia, do check various options and compare them for exchange rate, remittance fee, transfer time etc on a money transfer comparator like Exchange Rate IQ before making a de
Current Exchange Rate(Mid Market) :- 15210.365 IDR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.