Today's KRW to CNY Price Update

Summary

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

Definition

The South Korean Won (KRW) and Chinese Yuan (CNY) are major fiat currencies in East Asia. The exchange rate between them reflects market conditions in two of the region’s largest economies and is influenced by bilateral trade flows, monetary policy divergence, and macroeconomic fundamentals.

Today’s Price

• 1 KRW = 0.00486 CNY
• 24h High: 0.0048557 CNY
• 24h Low: 0.0048419 CNY

Market Analysis

Recent KRW/CNY price movements reflect evolving market dynamics in the East Asian currency complex. Technical analysis indicates multiple moving averages and chart indicators are being closely monitored by market participants.

• Technical levels: Key support at approximately 0.0047 CNY, resistance at 0.0053 CNY (52-week high)
• Market outlook: Forecasts suggest potential upside movement, with projections indicating the rate could rise by approximately 3.55% in the coming month
• Trading opportunities: Traders are advised to monitor buy/sell signals generated by technical indicators and moving averages for optimal entry and exit points

Conclusion

Continue to monitor the KRW/CNY pair closely through technical analysis tools and live trading signals. Integrate moving average trends and common chart indicators into your trading strategy to identify potential opportunities within the established support and resistance framework.