Exchanging Euros (EUR) / Pounds (GBP) to Filipino Pesos (PHP)

I read a few questions about exchange rates, but my situation might be a little bit different, as I think I have more options to exchange currency.

I have bank accounts in UK, Spain and The Philippines. I'm going to spend 2 weeks in The Philippines, and because I know the use of credit/debit cards is not that common I would like to have Filipino pesos either in cash or in my Filipino account.

The best option so far seems to be MoneyGram as their exchange rate is higher than what I found in different banks. But I'm not sure if a local exchange office in Philippines would be better (or any other option that I might not know), I'm talking about 2000-3000£ (I prefer not to travel with that amount in cash..).

EDIT: I did some research based on @HaLaBi's comment about travellers cheques and I found this post in LonelyPlanet Thorn Tree. I also found this answer in Yahoo Answers, so I think I had to discard that option.

Best Answer

there are some money exchange areas in the malls (in the Philippines) which also give a good rate. this would eliminate processing fees/inter-bank fees should there be any. however, i'd suggest to go for the safer option: not to carry a huge amount of cash in your pocket. less risk. :) SM Malls have their own Foreign Exchange inside the department store.

Another money exchange is also Tivoli which provide a better rate to some banks. Tivoli is located in Trinoma, beside BPI Bank.

BPI Banks and BDO Banks also have better rates. You can check their website at www.bpiexpressonline.com and www.bdo.com.ph respectively. These banks are very accessible and practically everywhere.

BDO Banks are almost in every existing SM Malls.

Pictures about "Exchanging Euros (EUR) / Pounds (GBP) to Filipino Pesos (PHP)"

Exchanging Euros (EUR) / Pounds (GBP) to Filipino Pesos (PHP) - Euro Is One Of Higher Value

Exchanging Euros (EUR) / Pounds (GBP) to Filipino Pesos (PHP) - Person Holding 10 and 10 Euro Banknotes

Exchanging Euros (EUR) / Pounds (GBP) to Filipino Pesos (PHP) - Six 10 Euro Banknotes

How much is Euro to Philippine Peso?

Convert Euro to Philippine PesoEURPHP1 EUR57.9458 PHP5 EUR289.729 PHP10 EUR579.458 PHP25 EUR1,448.65 PHP7 more rows

How much is British pounds to Philippine Peso?

Latest Currency Exchange Rates: 1 British Pound = 67.3291 Philippine Peso.

Where can I exchange euros in the Philippines?

Philippine National Bank As such, PNB is able to offer its clients top exchange rates. Among the currencies available for exchange at PNB are the euro, US dollar, Australian dollar, Canadian dollar, Hong Kong dollar, Singapore dollar, and British pound.

How much is 100kd to Philippine Peso?

Are you overpaying your bank?Conversion rates Kuwaiti Dinar / Philippine Peso10 KWD1791.19000 PHP20 KWD3582.38000 PHP50 KWD8955.95000 PHP100 KWD17911.90000 PHP8 more rows

EURO TO PHILIPPINE PESOS CONVERSION (MAGKANO ANG PALITAN?)

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

Images: Pixabay, Markus Spiske, cottonbro, Dom J