Money in The Philippines

advice on using and changing money in the Philippines

In the major cities of the Philippines major International credit card are generally widely accepted. There are some important tips however that could help save you a lot of money when to comes to exchanging cash.

 As the Philippines is still very much a developing nation (if that is the correct political term of late) the US$ is the best currency to carry with you. Therefore, we STRONGLY recommend that no matter where you are coming from, you purchase US$ BEFORE you leave your country of origin.

 To give you an example of just how much you could save if you did the above rather than to bring Thai Baht with you instead of US$. In Thailand 10,000 Baht is equal to roughly to US$ 238 (Feb 2001) If you were to change US$ 238 into Pesos in the Philippines you would get roughly 11,186 Pesos. If however, you brought the Thai Baht to the Philippines and changed them directly into Pesos in the Philippines, Thai Baht 10,000 would give you 9,700 Pesos (Feb 2001)!!

That means if you were to have brought US$ with you in the first place you would have saved 1,486 Pesos or roughly US$ 32. This is quite a saving and US$ 32 can go a long way in the Philippines.

Also a lot of hotels do not change certain currencies and this includes some of the major international hotels. The Shangri-La Edsa for example does not change Thai Baht or some other major currencies.

 See also Foreign Currency and Converter.

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