Today's MYR to THB Price Update

Summary

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

Definition

The Malaysian Ringgit (MYR) and Thai Baht (THB) are important fiat currencies in Southeast Asia. The exchange rate between them reflects regional economic conditions, monetary policy divergence, and investor sentiment toward both currencies in the foreign exchange market.

Today’s Price

• 1 MYR = 7.66 THB
• 24h High: 7.6744 THB
• 24h Low: 7.6465 THB

Market Analysis

The MYR/THB pair shows a neutral to slightly bullish technical setup based on recent price action.

• Technical levels: The 50-day moving average stands at 7.6583, suggesting a buy signal. The 14-day RSI for the inverse pair (THB/MYR) is at 53.770, indicating neutral momentum.
• Short-term forecast: Analytical forecasts suggest the pair may move toward 7.6941 within a week and 7.6004 within four weeks.
• Trading opportunities: Monitor intraday support and resistance points for range-bound trading strategies. Watch for potential moves toward the forecasted levels of 7.6941 (upside target) and 7.6004 (downside target).

Conclusion

Continue to monitor the MYR/THB pair closely, integrating technical indicators such as moving averages and support/resistance levels with short-term price forecasts to identify optimal entry and exit points for trading strategies.