Today's CNY to PHP Price Update

Summary

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

Definition

The Chinese Yuan (CNY) is one of the world’s major fiat currencies and a key player in global trade and finance, while the Philippine Peso (PHP) serves as the official currency of the Philippines. The exchange rate between them reflects market sentiment regarding bilateral trade flows, economic fundamentals, and investor confidence in both currencies.

Today’s Price

• 1 CNY = 8.47 PHP
• 24h High: 8.4821 PHP
• 24h Low: 8.4684 PHP

Market Analysis

The CNY/PHP exchange rate has demonstrated relatively stable price action, trading within a narrow range of approximately 0.0137 PHP over the past 24 hours.

• Technical levels: Key support at 8.4684 PHP, resistance at 8.4821 PHP
• Risk note: Volatility remains contained; traders should monitor for potential breakouts beyond established daily ranges
• Trading opportunities: Watch for consolidation patterns within the 8.4684–8.4821 PHP band for potential entry and exit signals

Conclusion

Continue to monitor the CNY/PHP pair closely for shifts in bilateral economic data and regional market sentiment. For traders, focus on range-bound strategies within the established support and resistance zones.