IDR to PKR Currency Converter - 1 Indonesia Rupiahs To Pakistan Rupee

IDR to PKR

The exchange rate between IDR to PKR is around 0. The exchange rate is never the same. It changes from time to time. The changes made in the exchange rate depend upon the economic conditions of both countries. Let us relate both currencies to see how they vary on each other and around the world as well.

IDR

The IDR is the official currency for Indonesia. The IDR currency is known as Rupiah (RP), which is derived from the word Sanskrit, meaning silver. The currency is divided into 100 sen. The Bank of Indonesia regulates the IDR currency. This currency is also known as Perak by the local people of Indonesia.

If we compare the IDR currency to the USD currency, the significant difference will be seen. The exchange rate of IDR to USD is around 0.000067. It shows the IDR currency is the cheapest currency as compared to the USD currency. The cheapest rate between both currencies has made the IDR currency worthless.

Likewise, if we compare the IDR currency to the other currencies worldwide, the results are disappointing. The IDR currency has been the cheapest and lowest around the world. This currency ranks at number 4 in the top 10 weakest currencies in the world.

The main factor behind the weakening of the IDR currency is the lower growth of Indonesia's GDP.  Other reasons like external factors are also playing a massive role in the depreciation of IDR currency.

PKR

The PKR is the official currency of Pakistan. It is abbreviated as Rs. It was subdivided into 100 Paisa. The PKR currency is now circulating as coins and notes. The Central Bank, the State Bank of Pakistan, has the authority to control the currency. The larger values are thousands, lacs, crores, and so on.

If we compare the PKR currency to the USD currency, the difference is actually huge. 1 USD is equal to around PKR. Which means the PKR currency is the cheapest and lowest currency. This difference has lead the PKR currency to a low position in the international market.

Similarly, by comparing the PKR currency to other currencies around the world, it still disappoints us. The PKR currency is the lowest currency as compared to the well-developed countries.

Suppose we talk about the reasons for being the lowest and cheapest currency, so there are many. The major factor is the high payments of loans made by the Pakistani government. Also, the bad economic condition has affected the currency. The political history is also responsible for being the lowest currency.

IDR and PKR

By comparing the IDR currency and the PKR currency, we have come to this point that the PKR currency is much better. The IDR currency has the lowest value to PKR currency. No doubt, Indonesia is an economically stable and well-developed country in Asia. But many factors have led this currency to the cheapest. The government is taking all the measures to overcome this problem, yet insignificant changes have been seen.