Today's THB to INR Price Update

Summary

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

Definition

The Thai Baht (THB) is the official currency of Thailand, while the Indian Rupee (INR) is the primary currency of India. The exchange rate between them reflects the relative economic strength of both nations and serves as an important indicator for regional forex traders and businesses engaged in cross-border commerce between Thailand and India.

Today’s Price

• 1 THB = 2.89 INR
• 24h High: 2.9128 INR
• 24h Low: 2.8846 INR

Market Analysis

Recent THB/INR price movements show moderate volatility within a defined range. Technical analysis indicates the pair is currently rated as Strong Buy based on current indicators.

• Technical levels: Daily support at 2.73 INR, daily resistance at 2.74 INR. Short-term support and resistance levels are identified at 2.74 INR and 2.72 INR
• Indicator insight: The 14-day Relative Strength Index (RSI) stands at 55.395, suggesting a Buy signal with the pair neither overbought nor oversold
• Trading opportunities: Monitor price action near the identified support and resistance zones for potential entry and exit points

Conclusion

Continue to monitor the THB/INR pair closely, integrating technical indicators and support/resistance levels into your trading strategy. The current technical setup presents opportunities for both short-term traders focusing on intraday range trading and those seeking to identify directional breakouts.