Today's CNY to KRW Price Update

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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 investor confidence in the economic fundamentals of China and South Korea.

Today’s Price

  • 1 CNY = 207.81 KRW
  • 24h High: 210.54 KRW
  • 24h Low: 208.03 KRW
  • Current Rate: 209.27 KRW

Market Analysis

The CNY/KRW currency pair is currently displaying mixed technical signals. Recent price action shows volatility within a defined range, with the pair fluctuating between the 24-hour lows and highs.

  • Technical Indicators: Various moving averages and oscillators are available for detailed analysis of price trends and momentum
  • Market Sentiment: Current technical analysis suggests a hold position at present levels, as positive signals are present but not yet sufficient to confirm a strong directional bias
  • Risk Consideration: Traders should monitor for potential turnaround situations, as market conditions remain fluid

Conclusion

Continue to monitor the CNY/KRW pair closely using technical analysis tools including moving averages and oscillators. For traders, the current market environment warrants a cautious approach, with attention to key support and resistance levels established within the recent 24-hour trading range. Stay alert for shifts in technical momentum that could signal clearer trading opportunities.

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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