20 USD to PHP Exchange Rate Today - US Dollar/Philippine Peso (2024)

What is the US Dollar worth against the Philippine Peso today?

1 USD is worth 58.719 PHP today

How much is 20 USD worth in PHP?

At the current exchange rate of 58.719 , a sum of 20 US Dollar is worth 1,174.38 Philippine Peso.

Which currency is stronger? USD or PHP?

The US Dollar is currently stronger than the Philippine Peso given that 1 USD is equal to 58.719 PHP. Conversely, 1 PHP is worth 0.017 USD.

Overview of USD to PHP Performance and Trends

Today, to buy 20 US Dollar, you need 1,174.38 Philippine Peso. On the same date last year, you needed 1,120.78 Philippine Peso for 20 US Dollar. This change indicates that the US Dollar has become stronger against the Philippine Peso by 4.77% over the past year.

The pair experienced moderate volatility of 8.17%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

USD to PHP Currency Performance and Volatility

Last 7 Days

• Performance: $20 varied between ₱58.502 (weekly low) and ₱58.854 (weekly high), a variance of ₱0.352 .
• Volatility: Fluctuated by 0.6%.

Last 30 Days

• Performance: $20 varied between ₱57.249 (30-day low) to ₱58.854 (30-day high), a variance of ₱1.605 .
• Volatility: Fluctuated by 2.8%.

Last 90 Days

• Performance: $20 varied between ₱55.393 (90-day low) to ₱58.827 (90-day high), a variance of ₱3.434 .
• Volatility: Fluctuated by 6.2%.

Last Year

• Performance: $20 ranged from ₱54.383 (yearly low) to ₱58.827 (yearly high), a variance of ₱4.444 .
• Volatility: Fluctuated by 8.17%.

USD to PHP Forecast and trending

Is the US Dollar going up or down against the Philippine Peso?

Today's USD to PHP exchange rate (58.749) is higher compared to yesterday's rate (58.725).

Understanding USD to PHP Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert US Dollar to Philippine Peso, to send a payment, for a trip overseas, when shopping online or to hold a balance in Philippine Peso.

How to convert USD to PHP?

You can convert US Dollar to Philippine Peso either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Philippine Peso in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in US Dollar cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Philippine Peso in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in US Dollar you want to send, or the amount in Philippine Peso you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Philippine Peso

How to get the best USD to PHP exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best USD to PHP exchange rate for your specific transaction.

Get to know the USD/PHP mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the USD/PHP mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including US Dollar and Philippine Peso. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy US Dollar with Philippine Peso?

You'll be able to exchange Philippine Peso to US Dollar in the same way as you'd exchange US Dollar to Philippine Peso. If you have Philippine Peso in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Philippine Peso. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold US Dollar in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange USD to PHP?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Most popular currency pairings for USD (US Dollar)

Most popular currency pairings for PHP (Philippine Peso)

Most popular currency rates

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Frequently asked questions when converting US Dollar to Philippine Peso (USD to PHP)

How much is the US Dollar to Philippine Peso?

The US Dollar to Philippine Peso exchange rate today is 58.719 . Use this guide to learn more about exchanging USD to PHP in the easiest and best value way for your specific needs.

How much is 20 US Dollar to the Philippine Peso?

The USD to PHP rate today is 58.719 . That means that 20 US Dollar would be worth 1,174.38 Philippine Peso.

How to exchange US Dollar to Philippine Peso?

Exchange USD to PHP in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including USD to PHP.

How to send money to Philippines?

If you want to send money from USA - or anywhere else in the world - to Philippines, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Philippines - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Philippine Peso and US Dollar on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live US Dollar to Philippine Peso exchange rate with our handy tools, to help you compare your options.

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