Steven Bayliss, 16, died after having his throat cut while Twood Nadauld, 14, whose full name is Nuttawut Nadauld, died from several knife wounds.
Thomas Palmer, 18, from Wokingham, will appear before magistrates today over the murder of the two boys, Thames Valley Police said. Another 18-year-old man who was arrested shortly after the murder inquiry was announced on Monday wasreleased without charge later that day.
Shortly before Mr Palmer was charged, the family of Steven Bayliss released a statement thanking everyone for the support they had received.
"Steven was a kind, loyal and compassionate son and friend. We don't know how we are going to face the future without his laugh and sense of humour," they said.
"We have been very touched by the tributes left in Evendons Lane and it has been a consolation for the whole family to know that so many people will remember the boys."
The teenagers are believed to have gone to the woods together on Sunday evening. Their bodies were found in a hedgerow bordering Bluebell Walk, a pretty footpath popular with dog-walkers.
Police spent yesterday interviewing witnesses in an attempt to piece together the sequence of events leading up to the murder of the boys, who were both from affluent homes on a smart housing development less than a mile from Bluebell Walk.
It is understood that Nuttawut, a pupil at The Emmbrook School, a comprehensive in Wokingham, had previously spent most of his life in Thailand studying at a prestigious boarding school.
His Thai mother brought Nuttawut over to the UK to continue his education believing that Britain was safer than Bangkok.
As news of the murders filtered through the boys' school and neighbourhood, groups of teenagers and fellow-pupils gathered close to the spot where the two friends were killed, leaving flowers and other tributes.
A large plywood board had been set up at the makeshift shrine with marker pens provided so that friends could write tributes to the pair.
One message on the board read: "You two lil' terrors, you always got up to mischief and making people laugh with your stories."
Another read: "I will neva 4get u guys! I love you both so much, you were amazing m8s. I miss you so much 4eva, Rea."Reuse content