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MagnetGold to Indonesian Rupiah Converter and calculator

Convert 1MagnetGold (MTG) to Indonesian Rupiah (IDR) equals Rp 624.31 | 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 MagnetGold(MTG) to Indonesian Rupiah(IDR). This is the real-time data. The current conversion shows 1 MTG at a value of 1 MTG for 624.31 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 MagnetGold currency pair is the MTG to IDR, with for MagnetGold's currency code being MTG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for IDR.

MTG to IDR conversion rate trend

1D7D1M3M1YAll
In the past 1D, MagnetGold has changed +7.23% to IDR. Based on the trend and price charts, MagnetGold(MTG) has changed +7.23% to IDR while Indonesian Rupiah(IDR) has changed % to MTG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Rp624.31
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/11/15 00:34:08(UTC+0)

How to buy MagnetGold

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy MagnetGold (MTG)
Use a variety of payment options to buy MagnetGold on Bitget. We'll show you how.

Buy MTG (or USDT) for IDR (Indonesian Rupiah) offers

Bitget P2P trading does not currently support direct buying of MTG with IDR. However, you can buy USDT in Bitget P2P trading first, and then buy MTG with USDT via Bitget spot market.
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Low to high
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Sell MTG (or USDT) for IDR (Indonesian Rupiah) offers

Bitget P2P trading currently does not support direct selling of MTG to IDR. However, you can first exchange MTG for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of MagnetGold to Indonesian Rupiah?

MagnetGold to Indonesian Rupiah is rising this week.
MagnetGold's current market price is Rp 624.31 per MTG, with a total market cap of Rp 0 IDR based on a circulating supply of -- MTG. The trading volume of MagnetGold has changed by -86.55% (Rp -6,416,099.43 IDR) in the last 24 hours. Last trading day, MTG's trading volume was Rp 7,413,436.45.
Market cap
$0
24h volume
$62.72197737
Circulating supply
0 MTG

Conversion tables

The exchange rate of MagnetGold is decreasing.
1 MTG is currently valued at Rp 624.31 IDR , which means buying 5 MTG will cost Rp 3,121.54 IDR . Similarly, Rp1 IDR can be traded for 0.001602 MTG, and Rp50 IDR can be converted to 0.08009 MTG, excluding any platform or gas fees.
The exchange rate of 1 MTG to Indonesian Rupiah has changed by +18.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.23%, reaching a high of 624.31 IDR and a low of 568.93 IDR . One month ago, the value of 1 MTG was Rp 745.53 IDR , which represents a -16.26% change from its current value. Over the last year, MagnetGold has changed by
-Rp
2,573.86IDR
, resulting in a change of -80.48% in its value.

MTG to IDR

Amount
06:23 am today
0.5 MTG
Rp312.15
1 MTG
Rp624.31
5 MTG
Rp3,121.54
10 MTG
Rp6,243.07
50 MTG
Rp31,215.36
100 MTG
Rp62,430.72
500 MTG
Rp312,153.59
1000 MTG
Rp624,307.19

IDR to MTG

Amount06:23 am today
0.5IDR0.0008009  MTG
1IDR0.001602  MTG
5IDR0.008009  MTG
10IDR0.01602  MTG
50IDR0.08009  MTG
100IDR0.1602  MTG
500IDR0.8009  MTG
1000IDR1.6  MTG

Today vs. 24 hours ago

Amount06:23 am today24 hours ago24h change
0.5 MTG$0.01963$0.01831
+7.23%
1 MTG$0.03926$0.03662
+7.23%
5 MTG$0.1963$0.1831
+7.23%
10 MTG$0.3926$0.3662
+7.23%
50 MTG$1.96$1.83
+7.23%
100 MTG$3.93$3.66
+7.23%
500 MTG$19.63$18.31
+7.23%
1000 MTG$39.26$36.62
+7.23%

Today vs. 1 month ago

Amount06:23 am today1 month ago1M change
0.5 MTG$0.01963$0.02344
-16.26%
1 MTG$0.03926$0.04689
-16.26%
5 MTG$0.1963$0.2344
-16.26%
10 MTG$0.3926$0.4689
-16.26%
50 MTG$1.96$2.34
-16.26%
100 MTG$3.93$4.69
-16.26%
500 MTG$19.63$23.44
-16.26%
1000 MTG$39.26$46.89
-16.26%

Today vs. 1 year ago

Amount06:23 am today1 year ago1Y change
0.5 MTG$0.01963$0.1006
-80.48%
1 MTG$0.03926$0.2011
-80.48%
5 MTG$0.1963$1.01
-80.48%
10 MTG$0.3926$2.01
-80.48%
50 MTG$1.96$10.06
-80.48%
100 MTG$3.93$20.11
-80.48%
500 MTG$19.63$100.57
-80.48%
1000 MTG$39.26$201.13
-80.48%

MagnetGold price prediction

What will the price of MTG be in 2025?

Based on MTG's historical price performance prediction model, the price of MTG is projected to reach $0.01863 in 2025.

What will the price of MTG be in 2030?

In 2030, the MTG price is expected to change by +4.00%. By the end of 2030, the MTG price is projected to reach $0.03560, with a cumulative ROI of -9.33%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between MagnetGold and IDR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as MagnetGold and IDR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of MagnetGold in IDR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.