Are you looking to convert Compound (COMP) to Philippine Peso (PHP)? Whether you're tracking investment performance, planning a transaction, or simply monitoring market trends, having access to accurate, real-time exchange data is essential. This guide provides up-to-date conversion rates, historical trends, and key insights into the COMP to PHP exchange, helping Filipino investors and crypto enthusiasts make informed decisions.
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Current Exchange Rate: 1 COMP = 2,364.31 PHP
As of the latest update, 1 Compound (COMP) is valued at ₱2,364.31 PHP. This rate is subject to frequent fluctuations due to the volatile nature of cryptocurrency markets. For example:
- 0.5 COMP = ₱1,182.16
- 5 COMP = ₱11,821.57
- 10 COMP = ₱23,643.15
Conversely, 1 PHP can purchase approximately 0.0004230 COMP, and 50 PHP equals about 0.002115 COMP. These values do not include platform fees or network transaction costs, so actual trade results may vary slightly.
Why Use a COMP to PHP Converter?
A reliable crypto-to-fiat converter helps users:
- Track real-time value changes
- Calculate portfolio worth in local currency
- Time purchases or sales based on market movements
- Avoid miscalculations due to outdated exchange rates
With the COMP/PHP pair showing notable volatility, staying updated ensures better financial decision-making.
Market Overview: COMP/PHP Statistics
Understanding broader market metrics gives context to price movements.
Key Metrics (as of latest data):
- 24-hour trading volume: ₱2,477,763,046.44
- Market capitalization: ₱22,204,078,847.07
- Circulating supply: 9,391,339 COMP
The trading volume dropped by -37.14% over the past 24 hours, signaling reduced short-term market activity. Despite this, COMP maintains strong market presence among DeFi-focused cryptocurrencies.
Price Trends and Volatility Analysis
Short-Term Performance (Past 24 Hours)
- Price change: +0.65%
- High: ₱2,737.73
- Low: ₱2,613.46
Despite closing positive, the wide intraday range highlights active trading and sentiment shifts.
Weekly and Monthly Trends
| Period | Price Change |
|---|---|
| Past 7 days | -4.50% |
| Past 30 days | +12.34% |
| Past 90 days | +5.40% |
While COMP dipped slightly over the past week, it has shown resilience with a strong +12.34% gain over the last month, outperforming many mid-cap digital assets.
Historical High
The all-time high for 1 COMP was ₱51,411.06, recorded during the 2021 DeFi boom. Although current prices are far below that peak, renewed interest in decentralized finance could drive future appreciation.
Factors Influencing COMP/PHP Exchange Rate
Several elements affect how much PHP one COMP can buy:
1. Global Crypto Market Sentiment
COMP’s price closely follows broader market trends, especially movements in Ethereum (ETH), as Compound operates on the Ethereum blockchain.
2. DeFi Adoption in the Philippines
Growing interest in decentralized finance platforms increases local demand for COMP tokens, especially among tech-savvy investors seeking yield-generating opportunities.
3. Philippine Peso Stability
The PHP’s value against major currencies like USD impacts purchasing power. A weaker peso may increase demand for crypto as an inflation hedge.
4. Regulatory Developments
The Bangko Sentral ng Pilipinas (BSP) continues to shape crypto regulations. Clearer rules could boost institutional adoption and trading volume.
About Compound (COMP)
Compound is a decentralized lending and borrowing protocol built on Ethereum. Users can earn interest on deposited assets or borrow against their holdings without intermediaries.
- Token symbol: COMP
- Purpose: Governance token allowing holders to vote on protocol upgrades
- Launch year: 2019
- Smart contract-based: Transparent and auditable operations
As one of the pioneering DeFi projects, Compound plays a crucial role in shaping the future of open financial systems.
About Philippine Peso (PHP)
The Philippine Peso (PHP) is the official currency of the Philippines, subdivided into 100 centavos or sentimos. Issued by the Bangko Sentral ng Pilipinas (BSP), it is used in all domestic transactions.
PHP Coins and Banknotes
- Coins: 1, 5, 10, and 25 sentimos; ₱1, ₱5, ₱10, ₱20
- Banknotes: ₱20, ₱50, ₱100, ₱200, ₱500, ₱1,000
Modern banknotes feature national heroes and natural wonders, reflecting Filipino heritage.
Is PHP Pegged to USD?
No — the Philippine Peso operates under a floating exchange rate system, meaning its value is determined by market forces such as trade balance, inflation, and foreign investment. While BSP may intervene to stabilize extreme swings, there is no fixed peg to the US dollar.
👉 Learn how global market shifts impact your crypto holdings.
Frequently Asked Questions (FAQs)
What is the current price of 1 Compound in Philippine Peso?
As of now, 1 COMP = ₱2,364.31 PHP. This rate updates in real time based on global exchange data.
How much is 5 COMP worth in PHP?
5 COMP equals approximately ₱11,821.57 PHP, based on the current exchange rate.
Has the value of COMP increased against PHP recently?
Over the past 30 days, COMP has risen by +12.34% against PHP, despite a minor weekly dip of -4.50%.
Can I convert COMP directly to PHP on all exchanges?
Most major exchanges support direct COMP/PHP trading pairs, allowing seamless conversion. Ensure you use a reputable platform with low fees and strong security.
What affects the COMP to PHP exchange rate?
Key factors include global crypto trends, DeFi adoption rates in the Philippines, Ethereum network activity, and macroeconomic conditions affecting both COMP and PHP.
Is it safe to invest in Compound (COMP)?
Like all cryptocurrencies, COMP carries risk due to price volatility. However, its established position in the DeFi ecosystem and transparent governance model offer long-term potential for informed investors.
How to Convert COMP to PHP: A Quick Guide
While specific exchange steps aren't detailed here, most platforms follow a similar process:
- Log in to your secure crypto account.
- Navigate to the COMP/PHP trading pair.
- Enter the amount of COMP you wish to sell.
- Confirm the transaction at the displayed rate.
- Withdraw PHP to your linked bank account if needed.
Always double-check fees and withdrawal limits before finalizing trades.
👉 Start converting COMP to PHP with confidence using trusted tools.
Final Thoughts
Tracking the Compound to Philippine Peso (COMP/PHP) exchange rate empowers investors to respond quickly to market changes. With recent gains over the past month and sustained interest in decentralized finance, COMP remains a relevant asset for Filipino crypto users.
Whether you're evaluating portfolio performance or preparing for a transaction, using accurate conversion tools ensures precision and confidence in every decision.
Stay updated, monitor trends, and leverage real-time data to make smarter financial moves in the evolving world of digital assets.
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