Today's TWD to PHP Price Update

Summary

This report provides the real-time exchange rate between the New Taiwan Dollar (TWD) and Philippine Peso (PHP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The New Taiwan Dollar (TWD) is the official currency of Taiwan, while the Philippine Peso (PHP) is the primary fiat currency of the Philippines. The exchange rate between them reflects market sentiment regarding the relative economic strength and monetary policy of both nations.

Today’s Price

• 1 TWD = 1.87 PHP
• 24h High: 1.8722 PHP
• 24h Low: 1.87 PHP

Market Analysis

Recent TWD/PHP price movement indicates a stable trading range with limited volatility. Technical analysis suggests a bullish bias, with the 50-day moving average at 1.8581 signaling a Buy signal for the pair.

• Technical levels: 50-day moving average support at 1.8581 PHP, current price trading above this level indicates upward momentum
• Market forecast: The TWD to PHP exchange rate is forecasted to increase by 0.67% in the coming month, potentially rising toward 1.88 PHP
• Trading opportunities: Monitor for potential upside moves toward 1.88 PHP as indicated by the bullish technical setup

Conclusion

Continue to monitor the TWD/PHP pair closely, integrating technical indicators such as moving averages with market sentiment. Traders should watch for confirmation of the forecasted 0.67% monthly increase and potential breakout opportunities above current resistance levels.