Today's PHP to USD Price Update

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Summary

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

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Philippine Peso (PHP) is the primary legal currency of the Philippines. The exchange rate between them reflects market dynamics in the Asia-Pacific region and investor confidence in both currencies’ stability.

Today’s Price

  • 1 PHP = 0.0169 USD
  • 24h High: 0.017009 USD
  • 24h Low: 0.016882 USD

Market Analysis

The PHP/USD exchange rate continues to be influenced by regional economic factors and market sentiment. Technical analysis reveals key price levels that guide trading strategies.

  • Technical levels: Key support identified in the PHP side at 58.45, 58.35, and 58.20 PHP; resistance levels at 58.69, 58.84, and 58.94 PHP
  • Trading approach: Technical analysts utilize moving averages, buy/sell signals, and common chart indicators to develop trading strategies based on weekly and daily chart patterns

Conclusion

Continue to monitor the PHP/USD pair closely, incorporating technical analysis with support and resistance levels to identify trading opportunities and manage risk effectively.

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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