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 sentiment regarding currency strength and cross-border economic dynamics.

Today’s Price

  • 1 PHP = 0.017 USD
  • 24h High: 0.017038 USD
  • 24h Low: 0.016996 USD

Market Analysis

Recently, the USD/PHP exchange rate has been influenced by relative currency strength dynamics, with the USD maintaining strength against the PHP. The pair is currently in a consolidation phase after a recent run.

  • Technical levels: Key support levels identified at 58.45 PHP, 58.35 PHP, and 58.20 PHP; resistance at 58.69 PHP
  • Market sentiment: The USD remains strong against PHP; potential upside targets range up to 57.51–57.99 and potentially higher levels
  • Trading opportunities: Monitor consolidation breakouts and retest of previous resistance levels for potential entry points

Conclusion

Continue to monitor the PHP/USD pair closely, integrating technical support and resistance levels with broader currency strength trends. Traders should watch for breakouts from the current consolidation phase and potential momentum shifts in USD strength against the PHP.

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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