Today's CNY to ZAR Price Update

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Summary

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

Definition

The Chinese Yuan (CNY) is one of the world’s major fiat currencies and a key player in global trade, while the South African Rand (ZAR) represents the economic conditions of Africa’s largest economy. The exchange rate between them reflects market sentiment regarding the relative strength of these two currencies and the economic relationship between China and South Africa.

Today’s Price

  • 1 CNY = 2.37 ZAR
  • 24h High: 2.3801 ZAR
  • 24h Low: 2.3621 ZAR

Market Analysis

The CNY/ZAR exchange rate is currently trading near 2.3624, with recent technical analysis incorporating moving averages, oscillators, and pivot points to assess market direction.

  • Short-term forecast: The CNY to ZAR exchange rate is forecasted to decrease by -0.81% in the next month, declining from the current rate of approximately 2.38 to 2.36
  • Trading opportunities: Monitor the technical analysis overview for buy/sell signals generated through moving averages and common chart patterns

Conclusion

Continue to monitor the CNY/ZAR pair closely through real-time price charts and technical analysis tools. Traders should utilize moving averages, oscillators, and pivot point analysis to identify entry and exit opportunities, while staying informed of the latest market developments and forecasts.

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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