Today's THB to KRW Price Update

Summary

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

Definition

The Thai Baht (THB) is the official currency of Thailand, while the South Korean Won (KRW) is the official currency of South Korea. The exchange rate between them reflects the relative economic strength of both nations and serves as an important indicator for regional currency traders and businesses engaged in cross-border transactions between Thailand and South Korea.

Today’s Price

• 1 THB = 45.75 KRW
• 24h High: 46.1483 KRW
• 24h Low: 45.6432 KRW

Market Analysis

Recent THB/KRW price movements show a bearish sentiment in the market. Technical indicators suggest the pair is currently under selling pressure.

• Technical levels: The 5-day moving average stands at 45.817, while the 50-day moving average is at 46.196, both indicating a sell outlook. The MACD reading of -0.117 confirms bearish momentum.
• Sentiment indicator: The 14-day RSI reading is 45.64, reflecting bearish market sentiment
• 52-week range: High of ₩47.73 and low of ₩41.27 provide the broader trading context

Conclusion

Continue to monitor the THB/KRW pair closely, integrating technical indicators with market sentiment. Current technical signals suggest caution, with the pair showing downward pressure relative to its recent highs. Traders should watch for potential support levels and consider the broader 52-week range when developing trading strategies.