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VeChain to Indonesian Rupiah Converter and calculator

Convert 1VeChain (VET) to Indonesian Rupiah (IDR) equals Rp 679.75 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of VeChain(VET) to Indonesian Rupiah(IDR). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 679.75 IDR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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.

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

VET to IDR conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +0.67% to IDR. Based on the trend and price charts, VeChain(VET) has changed +0.67% to IDR while Indonesian Rupiah(IDR) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Rp679.75
0.0001% / 0.0004%vip-iconVIP
Binance
Rp682.45
0.1000% / 0.1000%
Yes
Huobi
Rp682.37
0.1000% / 0.1000%
Yes
Gate.io
Rp682.12
0.1000% / 0.1000%
Yes
KuCoin
Rp681.96
0.1000% / 0.1000%
Yes
Bitfinex
Rp691.73
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 08:00:36(UTC+0)

What factors influence the conversion rate of VeChain to Indonesian Rupiah?

VeChain to Indonesian Rupiah is rising this week.
VeChain's current market price is Rp 679.75 per VET, with a total market cap of Rp 49,427,733,954,353.42 IDR based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +9.80% (Rp 96,592,386,143.53 IDR) in the last 24 hours. Last trading day, VET's trading volume was Rp 985,998,796,941.02.
Market cap
$3.06B
24h volume
$66.98M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at Rp 679.75 IDR , which means buying 5 VET will cost Rp 3,398.75 IDR . Similarly, Rp1 IDR can be traded for 0.001471 VET, and Rp50 IDR can be converted to 0.07356 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Indonesian Rupiah has changed by +4.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.67%, reaching a high of 698.7 IDR and a low of 670.68 IDR . One month ago, the value of 1 VET was Rp 697.26 IDR , which represents a -2.51% change from its current value. Over the last year, VeChain has changed by
+Rp
329.71IDR
, resulting in a change of +94.19% in its value.

VET to IDR

Amount
09:51 am today
0.5 VET
Rp339.88
1 VET
Rp679.75
5 VET
Rp3,398.75
10 VET
Rp6,797.51
50 VET
Rp33,987.53
100 VET
Rp67,975.06
500 VET
Rp339,875.28
1000 VET
Rp679,750.56

IDR to VET

Amount09:51 am today
0.5IDR0.0007356  VET
1IDR0.001471  VET
5IDR0.007356  VET
10IDR0.01471  VET
50IDR0.07356  VET
100IDR0.1471  VET
500IDR0.7356  VET
1000IDR1.47  VET
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Today vs. 24 hours ago

Amount09:51 am today24 hours ago24h change
0.5 VET$0.02103$0.02089
+0.67%
1 VET$0.04205$0.04177
+0.67%
5 VET$0.2103$0.2089
+0.67%
10 VET$0.4205$0.4177
+0.67%
50 VET$2.1$2.09
+0.67%
100 VET$4.21$4.18
+0.67%
500 VET$21.03$20.89
+0.67%
1000 VET$42.05$41.77
+0.67%

Today vs. 1 month ago

Amount09:51 am today1 month ago1M change
0.5 VET$0.02103$0.02157
-2.51%
1 VET$0.04205$0.04314
-2.51%
5 VET$0.2103$0.2157
-2.51%
10 VET$0.4205$0.4314
-2.51%
50 VET$2.1$2.16
-2.51%
100 VET$4.21$4.31
-2.51%
500 VET$21.03$21.57
-2.51%
1000 VET$42.05$43.14
-2.51%

Today vs. 1 year ago

Amount09:51 am today1 year ago1Y change
0.5 VET$0.02103$0.01083
+94.19%
1 VET$0.04205$0.02166
+94.19%
5 VET$0.2103$0.1083
+94.19%
10 VET$0.4205$0.2166
+94.19%
50 VET$2.1$1.08
+94.19%
100 VET$4.21$2.17
+94.19%
500 VET$21.03$10.83
+94.19%
1000 VET$42.05$21.66
+94.19%

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.