Today's THB to ZAR Price Update

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 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 = 0.536 ZAR
• 24h High: 0.53982 ZAR
• 24h Low: 0.53475 ZAR

Market Analysis

The THB/ZAR pair is currently exhibiting mixed technical signals. The 14-day Relative Strength Index (RSI) stands at 58.908, suggesting a buy sentiment for the pair.

• Technical indicators: The current RSI reading indicates the pair is approaching overbought conditions but remains in a buy zone
• Price forecast: Market forecasts suggest THB/ZAR could increase by approximately 1.78% in the next month, potentially reaching 0.5459 ZAR
• Trading opportunities: Watch for potential upside movement toward the forecasted resistance level, with support established near the 24-hour low of 0.53475 ZAR

Conclusion

Continue to monitor the THB/ZAR pair closely, integrating technical indicators with market sentiment. Traders should remain alert to RSI levels and price action near key support and resistance zones to optimize entry and exit strategies.