Itís Your Money > Money Exchanging

Taking english pounds over to Phils and where to change for the best rate

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CebuSteve:

Hello, I've been to the Phils once before, about 8 years ago. And I am set to spend December there.
Usually when I travel to Thailand I take sterling over there with me and exchange to thai baht when I am there in the banks.

Is this a recommended and suitable way of going about things in Philippines?

thank you

Igorotak:

--- Quote from: CebuSteve on November 03, 2016, 05:53:07 AM ---
Hello, I've been to the Phils once before, about 8 years ago. And I am set to spend December there.
Usually when I travel to Thailand I take sterling over there with me and exchange to thai baht when I am there in the banks.

Is this a recommended and suitable way of going about things in Philippines?

thank you

--- End quote ---

You arrive at 2am. Chances are that the money changers at the airport are closed. Your taxi driver only understands cash.
So get some pesos before you depart. The next day you go to the money changers, you find them everywhere. To be safe you can go to a money changer at any shopping mall.
Don't change too much at once, and don't carry too much cash on you.

iamjames:
Why would anyone carry cash in this day and age? Why not just use your ATM card here?

bigrod:

--- Quote from: iamjames on November 03, 2016, 12:13:35 PM ---Why would anyone carry cash in this day and age? Why not just use your ATM card here?

--- End quote ---

So you are not paying ATM surcharges, home bank charges and conversion fees!

Chuck

David690:
Each to their own, but for me those charges are well worth the security of not having to carry large wads of cash.  If Steve is going to be there for a month, that's a lot of cash to carry over on your person and by the sounds of it, he is not going to be staying in a hotel with a security box.  Guess he could always stash the cash under his mattress, OK as long as the guys he's gonna be sharing with don't sniff it out.

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