Today's MYR to IDR Price Update

robot
Abstract generation in progress

Summary

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

Definition

The Malaysian Ringgit (MYR) and Indonesian Rupiah (IDR) are the primary fiat currencies of Malaysia and Indonesia respectively. The exchange rate between them reflects the relative economic strength and currency stability of both Southeast Asian nations, serving as an important indicator for regional trade and investment flows.

Today’s Price

  • 1 MYR = 4,325.43 IDR
  • 24h High: 4,342.61 IDR
  • 24h Low: 4,316.06 IDR

Market Analysis

The MYR/IDR currency pair is currently displaying neutral technical momentum. The 14-day Relative Strength Index (RSI) stands at 52.219, indicating a balanced market without significant overbought or oversold conditions.

  • Technical indicator: RSI at 52.219 suggests a neutral market sentiment
  • Risk note: The pair is trading within a moderate range of approximately 26.55 IDR between the 24-hour high and low, indicating typical daily volatility
  • Trading opportunities: Monitor the current price level of 4,325.43 IDR as a reference point for intraday trading decisions

Conclusion

Continue to monitor the MYR/IDR pair closely using technical analysis tools such as moving averages and oscillators. Traders should remain attentive to price movements around current levels and watch for potential breakouts from the established daily range.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)