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IDRSGD

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

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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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

IDRSGD.FOREX likely refers to the Indonesian Rupiah (IDR) to Singapore Dollar (SGD) currency pair within the foreign exchange (FOREX) market. The specific platform or data provider using this symbol is undefined, as there is no universal standard for FOREX ticker symbols. Different brokers and data vendors might use slightly varying symbols to represent the same currency pair. Therefore, one needs to consult the specific platform documentation to confirm the exact meaning and data source for the symbol.
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Factors

Interest Rate Differentials: Differences in interest rates between Indonesia and Singapore significantly impact the IDRSGD exchange rate. Higher Indonesian interest rates attract foreign investment, increasing demand for the Rupiah and potentially appreciating it against the Singapore Dollar. Economic Growth: Relative economic performance in Indonesia and Singapore influences currency values. Stronger Indonesian growth often leads to a stronger Rupiah. Inflation Rates: Higher inflation in Indonesia relative to Singapore can depreciate the Rupiah as its purchasing power decreases. Government Policies: Monetary and fiscal policies in both countries, including interventions in the foreign exchange market, affect the exchange rate. Global Risk Sentiment: During times of global economic uncertainty, investors may flock to safer currencies like the Singapore Dollar, potentially weakening the Rupiah.

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