Walking out of the arrivals area, I notice some passengers from international flights, perhaps beeline to the currency exchange counter. Foreign tourists and balikbayans should know that there is no single standard currency exchange rate in the Philippines background: When I went to China, I had the impression they did since currency exchange was only allowed in banks.
Buying and selling of currency is a business, and as such, different business entities ask for slightly different rates. For your reference here are the following places that I know of where you can have your money exchanged:. That day at the airport, I noted down the exchange rate and decided to make a mini-research for myself as to where one can get the best currency exchange rate in Manila.
Their buying rate was: For this round, the airport counter wins! It looks like BDO has the better rate between the two. Overall, this mini-research needs a lot more work. Thanks for this post. Robinsons Bank, as of this comment, does have the cheapest forex for most of the currencies. I did so, too when I visited Kota Kinabalu, unprepared with their local currency. My initial plan was to withdraw from the ATM backpackers swear this is the best way with least losses from fees, etc.
So I bought from a forex counter instead. If you happen to be around the Cubao area between P. Tuazon and 20th Ave. SoBe Moneychanger is located at the Ground level of Daily Supermarket…conveniet for people who needs our services. And if so, do I have to bring any documents to change my money? Reply to this comment.
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