Today's KRW to USD Price Update

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Summary

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

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the South Korean Won (KRW) is the official currency of South Korea and a key indicator of regional economic health. The exchange rate between them reflects market sentiment toward the Korean economy and the relative strength of the USD in global markets.

Today’s Price

  • 1 KRW = 0.000691 USD
  • 24h High: 0.00069482 USD
  • 24h Low: 0.00069088 USD

Market Analysis

The KRW/USD pair is currently showing a sell signal based on technical indicators. Recent analysis suggests a bearish bias in the near term.

  • Technical levels: The 5-day moving average stands at 1,444.23 (USD/KRW), with the 50-day moving average at 1,448.01, both indicating a sell signal
  • Risk note: KRW/USD remains highly volatile and may be affected by external factors such as financial, regulatory, or political events
  • Trading opportunities: Monitor support and resistance levels closely for potential entry and exit points

Conclusion

Continue to monitor the KRW/USD pair closely. The current technical setup suggests caution, with a bearish lean in the short term. Traders should remain vigilant regarding key support and resistance levels while staying informed on macroeconomic developments that could impact the Korean Won’s valuation against the U.S. Dollar.

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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