Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info NEAR Protocol

NEAR Protocol to Indonesian Rupiah Converter and calculator

Convert 1NEAR Protocol (NEAR) to Indonesian Rupiah (IDR) equals Rp 85,893.51 | Bitget

IDR information

About the Indonesian Rupiah (IDR)

What Is the Indonesian Rupiah (IDR)?

The Indonesian Rupiah, denoted as IDR and symbolized as Rp, serves as the sovereign currency of Indonesia, a sprawling archipelago in Southeast Asia. The term "Rupiah" is derived from the Sanskrit word "rupyakam," which translates to "silver," a nod to the currency's historical roots. In everyday vernacular, Indonesians often refer to the rupiah in coins as "perak," meaning "silver" in Indonesian, highlighting the currency's deep cultural integration. The Indonesian Rupiah is the sole legal tender in Indonesia, and it is used for all transactions within the country.

The rupiah is managed and issued by Bank Indonesia, the country's central bank, which plays a pivotal role in maintaining the currency's stability and value. The currency is divided into 100 sen, although due to persistent inflation over the years, sen denominations have become largely obsolete and are no longer in active circulation.

What Is the History of IDR?

Introduced in 1946 by Indonesian nationalists, the Rupiah replaced the Netherlands Indies gulden used during the Japanese occupation in World War II. Initially, it coexisted with other currencies, including a new version of the gulden. The Riau Islands and the Indonesian half of New Guinea had their own rupiah variants, which were later integrated into the national currency.

Notes and Coins of IDR

The Indonesian Rupiah has a diverse range of banknotes and coins, each uniquely emblematic of the nation's rich cultural and historical tapestry. The banknotes, available in denominations of Rp1,000, Rp2,000, Rp5,000, Rp10,000, Rp20,000, Rp50,000, and Rp100,000, are adorned with images of national heroes, traditional dances, and scenic landscapes, reflecting Indonesia's vibrant heritage. These notes are fortified with advanced security features like watermarks, security threads, and intaglio printing, enhancing their security and accessibility, especially for the visually impaired. Notably, the 2016 series introduced new designs centered around national heroes, and a commemorative Rp75,000 note was issued in 2020 to mark Indonesia's 75th Independence Day. In 2022, a fresh series of banknotes was released, updating both the design and security elements.

Complementing the banknotes, Indonesian coins are circulated in denominations of Rp50, Rp100, Rp200, Rp500, and Rp1,000, predominantly crafted from aluminum and nickel. These coins feature the Garuda Pancasila, Indonesia's national emblem, and various indigenous flora and fauna, symbolizing the country's natural wealth. While all denominations are legally valid, the lower-valued coins are less frequently used due to inflation.

What is Digital Rupiah?

The Digital Rupiah is a digital currency initiative by Bank Indonesia, aimed at creating a digital version of the Indonesian Rupiah. This project is part of a global trend where central banks are exploring digital currencies, often referred to as Central Bank Digital Currencies (CBDCs). The Digital Rupiah is expected to function similarly to its physical counterpart but in a digital form, facilitating secure, efficient, and transparent financial transactions. It represents an effort to modernize the financial system, adapt to the growing digital economy, and enhance financial inclusion in Indonesia. The development of the Digital Rupiah is likely to involve careful planning and testing to ensure it integrates seamlessly with the existing financial infrastructure while addressing concerns related to security, privacy, and economic impact.

Why Does IDR Have So Many Zeros?

The presence of many zeros in the Indonesian Rupiah is directly linked to the country's history of high inflation, particularly during economic crises such as the Asian Financial Crisis in the late 1990s. Inflation reduces a currency's value, requiring larger denominations for everyday transactions, hence the higher number of zeros on the banknotes. The Indonesian government has considered redenomination to simplify the currency by removing some zeros, but this would only be a nominal change without altering the currency's actual value or the purchasing power of the people. Essentially, the multiple zeros on the rupiah reflect Indonesia's economic challenges and the impact of persistent inflation on its monetary system.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular NEAR Protocol currency pair is the NEAR to IDR, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for IDR.

NEAR to IDR conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed -1.50% to IDR. Based on the trend and price charts, NEAR Protocol(NEAR) has changed -1.50% to IDR while Indonesian Rupiah(IDR) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Rp88,620.86
0.0001% / 0.0004%vip-iconVIP
Binance
Rp88,476.42
0.1000% / 0.1000%
Yes
Coinbase Exchange
Rp87,924.66
0.1000% / 0.1000%
Yes
OKX
Rp88,411.51
0.080% / 0.100%
Yes
Huobi
Rp88,448.84
0.1000% / 0.1000%
Yes
Gate.io
Rp88,460.2
0.1000% / 0.1000%
Yes
Bybit
Rp88,607.87
0.1000% / 0.1000%
Yes
KuCoin
Rp88,484.54
0.1000% / 0.1000%
Yes
Bitfinex
Rp88,361.2
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 02:00:35(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Indonesian Rupiah?

NEAR Protocol to Indonesian Rupiah is falling this week.
NEAR Protocol's current market price is Rp 85,893.51 per NEAR, with a total market cap of Rp 91,375,022,855,321.66 IDR based on a circulating supply of 1,063,817,500 NEAR. The trading volume of NEAR Protocol has changed by -15.84% (Rp -1,744,653,042,907.49 IDR) in the last 24 hours. Last trading day, NEAR's trading volume was Rp 11,017,075,397,719.68.
Market cap
$5.63B
24h volume
$571.38M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at Rp 85,893.51 IDR , which means buying 5 NEAR will cost Rp 429,467.57 IDR . Similarly, Rp1 IDR can be traded for 0.{4}1164 NEAR, and Rp50 IDR can be converted to 0.0005821 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Indonesian Rupiah has changed by -23.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.50%, reaching a high of 95,393.1 IDR and a low of 85,029.89 IDR . One month ago, the value of 1 NEAR was Rp 101,417.3 IDR , which represents a -15.39% change from its current value. Over the last year, NEAR Protocol has changed by
+Rp
1,578.43IDR
, resulting in a change of +143.22% in its value.

NEAR to IDR

Amount
02:36 am today
0.5 NEAR
Rp42,946.76
1 NEAR
Rp85,893.51
5 NEAR
Rp429,467.57
10 NEAR
Rp858,935.13
50 NEAR
Rp4,294,675.67
100 NEAR
Rp8,589,351.33
500 NEAR
Rp42,946,756.65
1000 NEAR
Rp85,893,513.3

IDR to NEAR

Amount02:36 am today
0.5IDR0.{5}5821  NEAR
1IDR0.{4}1164  NEAR
5IDR0.{4}5821  NEAR
10IDR0.0001164  NEAR
50IDR0.0005821  NEAR
100IDR0.001164  NEAR
500IDR0.005821  NEAR
1000IDR0.01164  NEAR
share

Today vs. 24 hours ago

Amount02:36 am today24 hours ago24h change
0.5 NEAR$2.65$2.69
-1.50%
1 NEAR$5.29$5.37
-1.50%
5 NEAR$26.46$26.86
-1.50%
10 NEAR$52.93$53.73
-1.50%
50 NEAR$264.64$268.64
-1.50%
100 NEAR$529.28$537.29
-1.50%
500 NEAR$2,646.42$2,686.45
-1.50%
1000 NEAR$5,292.84$5,372.89
-1.50%

Today vs. 1 month ago

Amount02:36 am today1 month ago1M change
0.5 NEAR$2.65$3.12
-15.39%
1 NEAR$5.29$6.25
-15.39%
5 NEAR$26.46$31.25
-15.39%
10 NEAR$52.93$62.49
-15.39%
50 NEAR$264.64$312.47
-15.39%
100 NEAR$529.28$624.94
-15.39%
500 NEAR$2,646.42$3,124.71
-15.39%
1000 NEAR$5,292.84$6,249.43
-15.39%

Today vs. 1 year ago

Amount02:36 am today1 year ago1Y change
0.5 NEAR$2.65$1.1
+143.22%
1 NEAR$5.29$2.2
+143.22%
5 NEAR$26.46$10.98
+143.22%
10 NEAR$52.93$21.96
+143.22%
50 NEAR$264.64$109.78
+143.22%
100 NEAR$529.28$219.56
+143.22%
500 NEAR$2,646.42$1,097.79
+143.22%
1000 NEAR$5,292.84$2,195.57
+143.22%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.