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Indonesian rupiah to Nigerian naira Exchange Rate History - XTransfer

Indonesian rupiah to Nigerian naira Historical Exchange Rates

Welcome to the IDR to NGN exchange rate history page. This page contains detailed daily historical exchange rates between IDR and NGN from 2025-3-8 to 2026-04-04, making it easy to look up and reference.

Amount
Result

1 IDR = 0.0819798 NGN

13:31 Exchange Rate

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1 Indonesian rupiah to Nigerian naira Historical Exchange Rate Trends

1 IDR = -- NGN

13:31 Exchange Rate

IDR - NGN+0%
7D
1M
3M
Invalid DateInvalid Date

1 Indonesian rupiah to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 IDR to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
0.0811303
0.0828434
0.0829555
0.0883607
Low
0.0811303
0.0802792
0.0798394
0.0790654
Average
0.0811303
0.0818794
0.0818784
0.083876

Past 7 days historical exchange rates

Below are the daily average exchange rates of IDR to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to IDR, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

IDR to NGN - Last 7 Days

IDRIDRNGNNGN
2026-04-03
0.0811303
IDRIDRNGNNGN
2026-04-02
0.081673
IDRIDRNGNNGN
2026-04-01
0.0824864
IDRIDRNGNNGN
2026-03-31
0.0822825
IDRIDRNGNNGN
2026-03-30
0.0820474
IDRIDRNGNNGN
2026-03-29
0.0820619
IDRIDRNGNNGN
2026-03-28
0.0820619

NGN to IDR - Last 7 Days

NGNNGNIDRIDR
2026-04-03
12.3258511
NGNNGNIDRIDR
2026-04-02
12.243948
NGNNGNIDRIDR
2026-04-01
12.1232106
NGNNGNIDRIDR
2026-03-31
12.1532525
NGNNGNIDRIDR
2026-03-30
12.1880766
NGNNGNIDRIDR
2026-03-29
12.1859231
NGNNGNIDRIDR
2026-03-28
12.1859231

IDRIDR - Indonesian Rupiah

The Indonesian rupiah was officially issued in 1949, replacing the Dutch colonial currency. The currency has fluctuated with the Indonesian economy, especially playing a key role in domestic trade and exports. In recent years, the government has been committed to maintaining currency stability.

  • Supporting unit:1 shield = 100 points (Sen), but the fractional currency has effectively ceased circulation.
  • Denomination of banknotes:1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000 won
  • Reserve currency:No, it is only used for local circulation and trade in Indonesia.
  • Banknote material:Blend cotton paper with polymer materials, incorporating anti-counterfeiting features such as optically variable ink, watermarks, and security threads.
  • Metal composition:Alloys such as aluminum, nickel-clad steel, and stainless steel.
  • Currency symbol:Rp
  • Paper currency size:For example, 100,000 dong measures 151mm × 65mm, and the dimensions vary for different denominations.
  • language:en
  • Main unit:1 Shield (Rupiah)
  • ISO code:IDR
  • Currency name:Indonesian Rupiah
  • Exchange Rate System:Manage the floating exchange rate system, with exchange rate fluctuations regulated by the Indonesian central bank.
  • Central Bank:Bank Indonesia
  • Safe-haven currency:No, it belongs to a highly volatile currency, significantly influenced by regional political and economic factors.
  • Coin denomination:100, 200, 500, 1,000 dongs
  • Countries of Use:Indonesia is the only country where it is used officially.
  • Cross-border payment:Supports SWIFT network transfers, but the international liquidity of IDR is relatively low, and actual cross-border settlements are mostly conducted through US dollars or Singapore dollars. Indonesia is promoting the development of a local currency settlement (LCS) mechanism among ASEAN countries.

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.

FAQ

Based on the historical patterns of Indonesian rupiah to Nigerian naira, is now a good time to exchange?

To judge the timing for exchanging Indonesian rupiah to Nigerian naira, one must compare current rates with the average over the past year or even five years. If the current Indonesian rupiah rate is well above the historical average, it usually means IDR is in a strong period, making it a good window for settlement into NGN. Conversely, if Indonesian rupiah is at a historical low, it is recommended for exporters to hold IDR in batches and avoid the troughs to minimize losses when converting to NGN.

What are the main reasons affecting the historical volatility of IDR to NGN recently?

The core factor affecting the historical volatility of Indonesian rupiah to Nigerian naira recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of IDR tends to increase, leading to a significant rise in its historical exchange rate against NGN. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for IDR, thereby intensifying the frequency of two-way volatility between Indonesian rupiah and Nigerian naira.

Has IDR experienced a sharp plunge against NGN before? How can I protect myself?

Historically, Indonesian rupiah against Nigerian naira has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Indonesian rupiah exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of IDR to NGN within an acceptable trade cost range.

Is the current exchange rate of Indonesian rupiah to Nigerian naira considered a historical high or low?

To evaluate the current level of IDR to NGN, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Indonesian rupiah is approaching a historical resistance level. If the current IDR price has broken through highs from years ago, it indicates that IDR is at an extreme high; exchanging Indonesian rupiah to Nigerian naira now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Indonesian rupiah to Nigerian naira?

AI predictions for IDR to NGN are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of IDR through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Indonesian rupiah to Nigerian naira should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.