Today's PKR to IDR Price Update

Summary

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

Definition

The Pakistani Rupee (PKR) and Indonesian Rupiah (IDR) are major fiat currencies of South Asia and Southeast Asia respectively. The exchange rate between them reflects market sentiment toward both currencies and serves as an important indicator for regional trade and investment flows.

Today’s Price

• 1 PKR = 59.79 IDR
• 24h High: 60.0511 IDR
• 24h Low: 59.7481 IDR

Market Analysis

Recent PKR/IDR price movements show mixed technical signals across different indicators. The pair demonstrates conflicting momentum readings that warrant careful observation.

• Technical indicators: RSI(14) shows 69.359 suggesting bullish momentum, while MACD(12,26) at -0.12 indicates a sell signal. ADX(14) at 32.864 suggests a buy trend, contrasting with Williams %R at -74.705 showing a sell signal. STOCH(9,6) at 14.222 indicates oversold conditions.
• Price forecast: Analytical forecasts suggest PKR/IDR may move to 59.59 IDR within a week and 60.74 IDR within four weeks. Month-ahead forecasts project an increase to approximately 60.67 IDR, representing a 1.32% appreciation.
• Risk note: Mixed technical signals indicate heightened volatility and potential for sharp directional moves in either direction.

Conclusion

Continue to monitor the PKR/IDR pair closely, integrating technical indicators with forward-looking price forecasts. Traders should remain alert to the conflicting signals and adjust risk management accordingly to capitalize on potential opportunities while managing downside exposure.