Today's KRW to IDR Price Update

Summary

This report provides the real-time exchange rate between the South Korean Won (KRW) and the Indonesian Rupiah (IDR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The South Korean Won (KRW) is the official currency of South Korea, while the Indonesian Rupiah (IDR) is the legal tender of Indonesia. The exchange rate between them reflects the relative economic strength and investor confidence in both Southeast Asian and East Asian markets.

Today’s Price

• 1 KRW = 11.51 IDR
• 24h High: 11.5384 IDR
• 24h Low: 11.4998 IDR

Market Analysis

Recent KRW/IDR price movements show volatility within a narrow range. Technical analysis indicates a bearish signal with the 50-day moving average at 8.5951, suggesting a “Sell” bias for the pair.

• Technical levels: Monitor key support and resistance zones derived from moving average analysis and Fibonacci pivot points
• Risk note: The pair exhibits moderate volatility; traders should be cautious of sudden directional shifts driven by regional economic data
• Trading opportunities: Watch for potential opportunities around the 24-hour support level at 11.4998 IDR and resistance near 11.5384 IDR

Conclusion

Continue to monitor the KRW/IDR pair closely, integrating technical indicators such as moving averages and Fibonacci levels with market sentiment. Traders should remain vigilant to potential shifts in regional economic conditions that could influence currency valuations.