Today's MYR to KRW Price Update

WhaleMinion · 2026-01-05T15:00:18+00:00

This report details the current exchange rate of the Malaysian Ringgit against the South Korean Won, highlighting bullish market indicators and potential trading opportunities while emphasizing the need to consider external factors affecting volatility.

WhaleMinion

2026-01-05 15:00:18

Abstract generation in progress

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.

Today’s Price

1 MYR = 356.5 KRW
24h High: 356.9629 KRW
24h Low: 354.1108 KRW

Market Analysis

Recent MYR/KRW price movements show technical indicators generating predominantly bullish signals. According to technical analysis, the moving averages display a Strong Buy outlook with 11 Buy signals against only 1 Sell signal across multiple timeframes (MA5 to MA200).

Technical levels: Key support identified at 354.295 KRW, with Fibonacci levels providing additional reference points
Risk note: Short-term volatility remains evident within the 24-hour range of approximately 2.85 KRW, and prices of currency pairs may be affected by external financial or political events
Trading opportunities: Monitor the strong buy signals generated by moving average crossovers for potential entry points

Conclusion

Continue to monitor the MYR/KRW pair closely, integrating technical indicators with market sentiment. The current Strong Buy signals from moving averages suggest potential upside momentum, though traders should remain vigilant regarding external market factors that could impact currency dynamics.

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