Today's CNY to IDR Price Update

Summary

This article provides real-time exchange rates and volatility information for CNY to IDR, helping traders quickly grasp market dynamics and potential trading opportunities.

Definition

Chinese Yuan (CNY) is one of the major fiat currencies, while Indonesian Rupiah (IDR) is an important currency in the Southeast Asian region. The exchange rate between them reflects not only the market’s perception of the relative value of these currencies but also investor confidence in the economic stability of both countries.

Today’s Price

• 1 CNY = 2359.6948 IDR
• 24h High: 2361.5684 IDR
• 24h Low: 2357.9452 IDR

Market Analysis

Recently, the CNY/IDR exchange rate has been showing relatively stable movement within a narrow range.

• Technical levels: Watch for support and resistance levels around the current price
• Risk note: Be aware of potential volatility due to economic data releases or geopolitical events
• Trading opportunities: Consider range-trading strategies given the current tight trading band

Conclusion

Continue to monitor the CNY/IDR exchange rate, combining market trends and technical indicators to develop appropriate trading strategies and capitalize on potential opportunities.