Today's CNY to IDR Price Update

Summary

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

Definition

The Chinese Yuan (CNY) is a major fiat currency in Asia, while the Indonesian Rupiah (IDR) represents the currency of Southeast Asia’s largest economy. The exchange rate between them reflects regional economic dynamics, trade flows, and investor sentiment toward both currencies.

Today’s Price

• 1 CNY = 2,469.14 IDR
• 24h High: 2,493.19 IDR
• 24h Low: 2,472.76 IDR
• Current Rate: 2,487.82 IDR

Market Analysis

The CNY/IDR pair is currently trading near 52-week highs, with the pair holding above the 2,456 level amid broader currency market movements.

• Technical levels: The 50-day moving average stands at 2,461.57, suggesting a Buy signal. Key support at 2,456 IDR, resistance at 2,493 IDR
• Risk note: Short-term volatility remains present with a 24-hour range of approximately 20.43 IDR
• Trading opportunities: Monitor positions above the 50-day moving average for potential continuation, and watch for consolidation patterns near current resistance levels

Conclusion

Continue to monitor the CNY/IDR pair closely, integrating technical indicators with regional economic data. The current technical setup suggests cautious optimism for the pair, with traders advised to respect key support and resistance zones for optimal risk management.