PHP to EUR Exchange Rates & Currency Deals

The EUR to PHP exchange rate is currently bearish. Key drivers include the ECB's decision to maintain interest rates, with President Lagarde noting that a stronger euro could dampen inflation. Meanwhile, monetary easing by the BSP is weakening the peso. Although economic growth in the eurozone is expected to improve, ongoing geopolitical tensions add uncertainty. The EURPHP is likely to stay within a steady range near the high of 69.28, above its 3-month average. Upside risks include a rebound in Germany’s consumer confidence, while downside risks arise from further BSP easing, potentially weakening the peso further against the euro. EUR to PHP bearish as ECB holds rates steady; peso weakens from BSP easing. EURPHP could stay near 69.28 despite eurozone growth. Upside risks poor from Germany's consumer confidence rebound; downside risks exist with further BSP easing