Can I exchange money in Cebu Airport?
Convert your cash to Philippine Peso and other currencies at the foreign exchange counters located at Domestic and International Arrival and International Departure.
| Currency Bureau | Address | Contact Information |
|---|---|---|
| SLB Money Changer | Benigno Du Building, Fuente Osmeña Cir, Cebu City, 6000 Cebu, Philippines | +63 32 254 5580 |
| M.S. Money Changer | Robinson's Place, Santa Cruz, Cebu City, Osmena Boulevard, Cebu City, 6000 Cebu, Philippines | +63 32 255 8992 |
Avoid Currency Exchange Kiosks at Airports
If you don't have time to get cash at the bank before your trip, it can be tempting to get foreign currency at an airport kiosk or currency exchange counter. These merchants offer convenience, but their exchange rates are typically much less favorable than your bank at home.
Wait until you arrive in the Philippines to exchange your money. It's worth doing your research before buying your pesos, as the exchange rates offered in Europe and North America are often not as good as those you'll get on arrival.
| Currency Bureau | Address | Contact Information |
|---|---|---|
| Tivoli Money Exchange | B1, Glorietta 2 Ayala Center village Makati, Makati, 1224 Metro Manila, Philippines | +63 917 896 9878 |
| Nikko Forex Money Changer | 1357 A. Mabini St, Ermita, Manila, 1000 Metro Manila, Philippines | +63 7089391 |
Change your currency in Philippines as they offer better rates here. As the unwritten rule says, "Do anything but don't get caught".
Once you've reached your destination, avoid airport kiosks or other exchange houses. Your bank's ATM network is likely the best option. You may be able to withdraw cash in the local currency with competitive exchange rates and low fees (1% to 3%). Use your institution's app to find an ATM near you.
Ordering currency from your bank before you travel is almost always better than using the airport currency exchange.
Exchanging your money at an airport is often the best choice. This is because the exchanges at the airport are always guaranteed to hold foreign currency for you. Unlike banks that may need to order cash for you, airport exchanges have everything on hand.
- TD Bank: TD Bank offers 55 different currencies. ...
- Service Federal Credit Union: The number of currencies available for customers at Service Credit Union exceeds 60. ...
- US Bank: Customers of US Bank can exchange money at a nearby branch.
Is 10000 pesos a lot in Philippines?
You'd actually be very well off compared to most people, especially since that PHP10, 000 is pretty much just allowance. Even if you had to pay for utilities in your free housing; unless you take baths in a pool or keep the AC on 24/7, you're golden.
In excess of the USD10,000 threshold, prior written declaration is required using the foreign currency declaration form. Said form is available at the Bureau of Customs Desk in the arrival/departure areas of international ports in the Philippines or can be downloaded from the BSP website (Annex K).
A person may carry up to the amount of USD 10,000 (or equivalent in any other foreign currency), in cash or other monetary instruments, into and out of the Philippines.
| Conversion rates US Dollar / Philippine Peso | |
|---|---|
| 100 USD | 5,605.36000 PHP |
| 250 USD | 14,013.40000 PHP |
| 500 USD | 28,026.80000 PHP |
| 1000 USD | 56,053.60000 PHP |
1 USD = 56.043998 PHP Mar 21, 2024 18:08 UTC
Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.
You will find money changers all over the Philippines – US dollars are the most useful foreign currency to bring as they are the most widely accepted currency (especially in non-touristy areas).
Yes. Cash is unavoidable as it's the only payment method accepted by many smaller merchants. Carry a small amount of cash at all times, and make ATM withdrawals as and when you need to so you never run short.
Yes, credit cards and debit cards issued in the U.S. will work in the Philippines as long as the vender accepts that card type (Visa, MasterCard, American Express, Diners Club, etc.).
Lowest ATM withdrawal fee Philippines
The HSBC has the lowest fee in that there's no withdrawal fee on foreign issued cards. Other banks have withdrawal fees of 250 Pesos which is about 4.50 USD and the withdrawal limit is just 10,000 Pesos, about 180 USD.
You could be hit with a $5 to $15 fee on top of an exchange rate that's 10 to 15 percentage points more expensive. Traveler's checks are another financially inefficient option worth avoiding. While a traveler's check might provide refund options, a litany of transaction fees can often eat away at your funds.
Where is the best place to exchange pesos?
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.
- Carry as little currency as possible.
- Carry cash in a money belt that sits on your waist (under your clothes) or a money pouch that hangs around your neck.
- Keep cash concealed and close to your body at all times.
When you are traveling to another country, you can exchange some of your money before you leave home. Doing so gives you time to shop around for the best rate. Plus, when you arrive, you won't have to immediately find a bank or currency exchange.
For large amounts, especially if they are less common currencies, place an order at least a few days in advance to ensure you can pick up as much as you need. You'll probably be able to lock in the exchange rate then and there.
To determine what's “good,” you must understand what's normal by checking the mid-market rate. This term refers to the midpoint between the buy and sell prices of any two currencies across different vendors and banks. Anything that hits that range or above is considered a good rate.
