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SGDIDR

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

Analysis and statistics

  • Open
    --$
  • Previous Close
    --$
  • 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
    --$
  • EPS
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  • Beta
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  • Volume
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About

SGDIDR.FOREX represents the exchange rate between the Singapore Dollar (SGD) and the Indonesian Rupiah (IDR) in the foreign exchange (FOREX) market. It indicates how many Indonesian Rupiah are needed to purchase one Singapore Dollar. This is a commonly traded currency pair, reflecting the economic relationship and trade flows between Singapore and Indonesia. The exchange rate fluctuates continuously based on various factors, including interest rate differentials, economic performance, political stability, and market sentiment in both countries. Investors and businesses use this exchange rate for international trade, investment decisions, and hedging currency risk.

Factors

Singapore and Indonesian economic data releases: GDP, inflation, employment, trade balances influence currency valuations.

Monetary policy differences: Actions taken by the Monetary Authority of Singapore (MAS) and Bank Indonesia (BI) significantly impact relative interest rates and attractiveness of each currency.

Global risk sentiment: Risk-on environments often favor IDR while risk-off tends to strengthen SGD as a safe haven.

Commodity prices: Indonesia's status as a commodity exporter means prices, especially for resources like coal and palm oil, can affect IDR.

Geopolitical events: Regional or global uncertainties can cause fluctuations in both currencies, with varying impacts based on specific events.

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