Today's KRW to ZAR Price Update

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Summary

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

Definition

The South Korean Won (KRW) is the official currency of South Korea, while the South African Rand (ZAR) is the primary fiat currency of South Africa. The exchange rate between them reflects market dynamics influenced by both economies’ economic performance and global financial conditions.

Today’s Price

  • 1 KRW = 0.0111 ZAR
  • 24h High: 0.011149 ZAR
  • 24h Low: 0.011128 ZAR

Market Analysis

Recent KRW/ZAR price movements show neutral market sentiment with limited volatility. Technical analysis indicates a balanced market structure.

  • Technical levels: The 14-day Relative Strength Index (RSI) stands at 47.820, signaling a Neutral position
  • Market dynamics: The current KRW/ZAR market is less volatile, focusing on global economic dynamics and policy changes
  • Trading opportunities: Monitor the established price range for potential entry and exit points as market conditions evolve

Conclusion

Continue to monitor the KRW/ZAR pair closely, integrating technical indicators with broader market sentiment. Traders should remain alert to shifts in global economic conditions that may influence currency movements between these two regions.

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.
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