Today's THB to ZAR Price Update

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Summary

This report provides the real-time exchange rate between the Thai Baht (THB) and South African Rand (ZAR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Thai Baht (THB) is the official currency of Thailand, while the South African Rand (ZAR) is the primary fiat currency of South Africa. The exchange rate between them reflects market sentiment toward both currencies and the economic conditions of their respective regions.

Today’s Price

  • 1 THB = 0.525 ZAR
  • 24h High: 0.52533 ZAR
  • 24h Low: 0.524 ZAR

Market Analysis

Recent THB/ZAR price movements reflect evolving market conditions in both currency zones. Based on technical indicators, the pair shows neutral to moderately bullish sentiment.

  • Technical indicators: The 14-day RSI is at 58.908, suggesting a Buy signal. Volatility remains relatively contained at 0.90% over the last 30 days.
  • Price forecast: Analysts forecast a potential -2.24% decrease in the coming month, with the rate projected to move toward 0.512 ZAR.
  • Trading opportunities: Monitor price action around current support and resistance levels for potential entry and exit points.

Conclusion

Continue to monitor the THB/ZAR pair closely, integrating technical indicators with broader market trends. Traders should remain attentive to both short-term volatility and longer-term directional forecasts when formulating their trading strategies.

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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