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 perceptions of currency value and investor confidence in both economies’ financial stability.

Today’s Price

  • 1 PHP = 0.0172 USD
  • 24h High: 0.017211 USD
  • 24h Low: 0.01715 USD

Market Analysis

Recent PHP/USD price movements reflect ongoing currency market dynamics, with technical analysis revealing structured trading levels.

  • Technical levels: Key support zones identified at 58.45 PHP, 58.35 PHP, and 58.20 PHP; resistance level at 58.69 PHP
  • Trading opportunities: Technical analysis tools including moving averages, MACD, RSI, and Stochastics can be utilized to develop effective trading strategies and identify buy/sell signals

Conclusion

Continue to monitor the PHP/USD pair closely, integrating technical indicators with market sentiment. Traders should focus on identified support and resistance levels to optimize entry and exit points for potential trading opportunities.

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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