Today's IDR to GBP Price Update

Summary

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

Definition

The British Pound (GBP) is one of the world’s major fiat currencies and a key reserve currency, while the Indonesian Rupiah (IDR) is the official currency of Southeast Asia’s largest economy. The exchange rate between them reflects market sentiment toward emerging market currencies and the relative strength of major developed-market currencies.

Today’s Price

• 1 IDR = 0.000044 GBP
• 24h High: 0.00004374 GBP
• 24h Low: 0.00004335 GBP

Market Analysis

Recent IDR/GBP price movements reflect the dynamics between emerging market and developed market currency valuations.

• Technical indicators: The 14-day RSI stands at 56.932, suggesting a Buy signal. The STOCH(9,6) indicator shows 99.904, indicating an Overbought condition, while CCI(14) at 71.8155 also suggests Buy signals.
• Risk note: Overbought conditions may signal a potential pullback or consolidation in the near term
• Trading opportunities: Monitor key technical levels and watch for potential mean reversion opportunities given the overbought readings

Conclusion

Continue to monitor the IDR/GBP pair closely, integrating technical indicators with market sentiment and emerging market dynamics to develop appropriate trading strategies.