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) and the Indonesian Rupiah (IDR) are major fiat currencies representing two significant Asian economies. The exchange rate between them reflects market sentiment toward both currencies and the relative economic conditions of South Korea and Indonesia.

Today’s Price

• 1 KRW = 11.34 IDR
• 24h High: 11.3524 IDR
• 24h Low: 11.2953 IDR
• Current Rate: 11.3072 IDR

Market Analysis

Recent KRW/IDR price movements reflect shifting market dynamics in the Asian currency markets. The Korean Won has shown resilience, with authorities signaling readiness to intervene following recent weakness.

• Technical levels: Key Fibonacci support levels identified at 11.303, 11.3129, 11.319, and resistance levels at 11.3388, 11.3449, 11.3548
• Risk note: Short-term volatility remains evident within the 24-hour trading range
• Trading opportunities: Monitor technical signals from moving averages and oscillators (RSI, Stochastics, MACD, ADX) for potential entry and exit points

Conclusion

Continue to monitor the KRW/IDR pair closely, utilizing technical analysis tools and pivot point levels to identify trading signals. Traders should remain alert to policy developments and currency intervention announcements that may impact near-term price movements.