Today's KRW to MYR Price Update

Summary

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

Definition

The South Korean Won (KRW) and Malaysian Ringgit (MYR) are important fiat currencies in their respective Asian economies. The exchange rate between them reflects market conditions, economic fundamentals, and investor sentiment across the Korean and Malaysian financial markets.

Today’s Price

• 1 KRW = 0.00281 MYR
• 24h High: 0.0028141 MYR
• 24h Low: 0.0027976 MYR

Market Analysis

Recent KRW/MYR price movements reflect ongoing currency market dynamics between these two Asian economies. Technical indicators suggest mixed signals in the market.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 40.951, indicating a Sell signal. Moving average analysis shows a Strong Sell outlook with 10 Sell signals versus 2 Buy signals across multiple timeframes (MA5 to MA200).
• Risk note: The predominance of sell signals suggests downward pressure on the pair in the near term
• Trading opportunities: Watch for potential reversals or stabilization near the 24-hour low of 0.0027976 MYR, while monitoring resistance at the 24-hour high of 0.0028141 MYR

Conclusion

Continue to monitor the KRW/MYR pair closely, integrating technical indicators with broader Asian currency market trends. Traders should exercise caution given the current bearish technical setup and consider risk management strategies accordingly.