IDRCNY Price, Chart, Live Rate and Forecast -Markets.com

IDRCNY

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Analysis and statistics

Open
0.0003$
Previous Close
0.0003$
52 Week Change
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Day Range
0.00$
52 Week High/Low
--
Dividend Per Share
--
Market cap
--$
EPS
--
Beta
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Volume
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About

IDRCNY.FOREX is a symbol representing the exchange rate between the Indonesian Rupiah (IDR) and the Chinese Yuan (CNY) in the foreign exchange (FOREX) market. It indicates how many Chinese Yuan are needed to purchase one Indonesian Rupiah. Fluctuations in this exchange rate are influenced by various factors including economic performance in both Indonesia and China, interest rate differentials, trade balances, geopolitical events, and market sentiment towards each currency. Traders and investors use this pair to speculate on or hedge against currency risk between the two countries. The price quoted for IDRCNY.FOREX will vary depending on the specific FOREX broker or platform used.

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Factors

Economic Data: Indonesian and Chinese economic indicators like GDP growth, inflation, and unemployment influence investor sentiment and currency valuation.

Interest Rates: Differences in interest rates between Indonesia and China impact capital flows, affecting demand for the respective currencies.

Trade Balance: The trade balance between Indonesia and China affects currency demand as exports and imports require currency conversion.

Geopolitical Events: Political instability or significant policy changes in either country can impact investor confidence and currency values.

Market Sentiment: Global risk appetite and investor sentiment towards emerging markets influence demand for the Indonesian Rupiah (IDR) and Chinese Yuan (CNY).

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