Today's CNY to KRW Price Update

Summary

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

Definition

The Chinese Yuan (CNY) is one of the world’s major fiat currencies, while the South Korean Won (KRW) represents the currency of one of Asia’s leading economies. The exchange rate between them reflects market perceptions of both currencies’ relative strength and broader economic dynamics in the Asia-Pacific region.

Today’s Price

• 1 CNY = 208.81 KRW
• 24h High: 211.47 KRW
• 24h Low: 210.05 KRW
• Current Rate: 211.25 KRW

Market Analysis

Recent CNY/KRW price movements have shown notable volatility within a defined range. Technical analysis indicates that the currency pair is trading above important moving average lines, which have been sustained over an extended period.

• Technical levels: The pair is maintaining positions above key moving averages, suggesting underlying support structures
• Risk note: The currency pair exhibits mixed technical signals, warranting careful position management
• Trading opportunities: Monitor the interaction with established moving average support levels and watch for potential range-bound trading opportunities

Conclusion

Continue to monitor the CNY/KRW pair closely, integrating technical analysis with broader market sentiment and economic indicators from both China and South Korea to develop informed trading strategies.