Today's ZAR to MYR Price Update

Summary

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

Definition

The South African Rand (ZAR) and Malaysian Ringgit (MYR) are important fiat currencies representing their respective emerging market economies. The exchange rate between them reflects market sentiment toward both currencies and provides insights into relative economic performance and investment flows between these regions.

Today’s Price

• 1 ZAR = 0.244 MYR
• 24h High: 0.24509 MYR
• 24h Low: 0.24407 MYR

Market Analysis

The ZAR/MYR pair is currently showing bearish sentiment, with the 14-day RSI reading at 50.82, indicating a relatively neutral but slightly weakened technical position as of February 28, 2026.

• Technical levels: Key support at 0.2427 MYR, resistance at 0.2429 MYR (Fibonacci pivot point)
• Indicator signals: ADX(14) shows neutral strength at 19.102, while Bull/Bear Power suggests selling pressure
• Trading opportunities: Monitor intraday trading around the established support and resistance points; watch for potential range-bound movement within the daily high-low corridor

Conclusion

Continue monitoring the ZAR/MYR pair closely, integrating technical support and resistance levels with current market sentiment. Traders should remain cautious given the bearish undertone while watching for potential reversal signals at key technical levels.