Today's MYR to KRW Price Update

Summary

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

Definition

The Malaysian Ringgit (MYR) is a key fiat currency in Southeast Asia, while the South Korean Won (KRW) represents the currency of one of Asia’s largest economies. The exchange rate between them reflects market conditions in both regions and serves as an important indicator for regional trade and investment flows.

Today’s Price

• 1 MYR = 370.93 KRW
• 24h High: 371.76 KRW
• 24h Low: 369.74 KRW
• Current Rate (Latest): 371.04 KRW

Market Analysis

Recent MYR/KRW price movement shows relative stability with minor fluctuations. Technical indicators present mixed signals for the currency pair.

• Technical levels: Key support around 370.03 KRW (200-day MA), resistance near 371.76 KRW (24h high)
• Indicator signals: Moving averages (MA5, MA10, MA100, MA200) are aligned around the 370-371 range, suggesting consolidation; however, technical ratings show 7 sell signals versus 2 buy signals
• Short-term outlook: Analysts expect MYR/KRW to move toward 371.38 KRW within one week and potentially reach 380.97 KRW within four weeks, with projected March gains of approximately 0.05%

Conclusion

Continue monitoring the MYR/KRW pair closely as it consolidates near current levels. Watch for breakouts above 371.76 KRW for potential upside momentum, while maintaining awareness of support levels near 370 KRW. Traders should consider both short-term consolidation patterns and longer-term forecasts suggesting gradual appreciation.