Today's SEK to IDR Price Update

Summary

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

Definition

The Swedish Krona (SEK) is the official currency of Sweden and a key Scandinavian fiat currency, while the Indonesian Rupiah (IDR) is the legal tender of Indonesia and an important emerging market currency. The exchange rate between them reflects market sentiment regarding both Nordic and Southeast Asian economic conditions, as well as investor confidence in currency stability and regional economic performance.

Today’s Price

• 1 SEK = 1,894.52 IDR
• 24h High: 1,888.71 IDR
• 24h Low: 1,880.32 IDR

Market Analysis

Recent SEK/IDR price movements reflect evolving market conditions between the Nordic and Southeast Asian regions. The pair has demonstrated notable volatility within a defined range.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 56.409, suggesting a buy signal. Near-term forecasts indicate a potential decline to 1,883.23 IDR within the next 24 hours, representing a -0.73% decrease.
• Risk note: Short-term volatility remains evident, with price fluctuations occurring within the 24-hour range
• Trading opportunities: Monitor support levels around 1,880.32 IDR and watch for potential entry points in line with technical signals

Conclusion

Continue to monitor the SEK/IDR pair closely, integrating technical indicators and short-term price forecasts to optimize trading strategy execution.