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IDRKRW

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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About

IDRKRW.FOREX represents the exchange rate between the Indonesian Rupiah (IDR) and the South Korean Won (KRW) in the foreign exchange market. It indicates how many Korean Won are required to purchase one Indonesian Rupiah. Fluctuations in this rate are influenced by various factors including economic performance, interest rate differentials, inflation rates, and geopolitical events affecting either Indonesia or South Korea. This exchange rate is actively traded by individuals, businesses, and financial institutions seeking to profit from currency movements or hedge against foreign exchange risk related to international transactions between the two countries.
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Factors

Indonesian Rupiah (IDR) and South Korean Won (KRW) exchange rate fluctuations are influenced by: Economic Growth: Stronger growth in Indonesia or Korea can appreciate its currency.

Interest Rate Differentials: Higher Indonesian interest rates may attract capital, strengthening IDR.

Inflation: Higher inflation in either country can depreciate its currency.

Trade Balance: A trade surplus favors currency appreciation, while a deficit weakens it.

Government Policies: Fiscal and monetary policies impact currency values.

Geopolitical Events: Global or regional instability affects risk sentiment and currency flows.

Market Sentiment: Investor confidence plays a significant role in currency trading.

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