Where to Get the Best Peso to Dollar Exchange Rate in the Philippines


Remittance centers and pawnshops are the best options for currency exchange. For me a real revolution! Posted on January 4th, Leave a comment.

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Moreover, as customary in SM Hypermarkets , promos and discounts on brands and products was dominant from the posters down to the grocery shelves. Holiday Baskets aside, an attractive offer of one free appliance with every three purchased is also offered among select brands. It also has the service counters on Money Changer, Bills Payment, and customer service.

Mail will not be published required. Posted on January 4th, Leave a comment. Food Stalls in SM Hypermarket. Jonel Uy and Tina Quines. January 16, at 6: January 25, at 1: Leave a Reply Click here to cancel reply. They offer reasonable foreign exchange rates, convenience, and safe transactions. Need to buy or sell pesos, dollars, or another currency at the best rate?

Money changers usually provide higher exchange rates than banks. The competition is intense among money exchange outlets in the Philippines, so they offer rates that attract more clients. Particularly, the best places for converting peso to dollar and dollar to peso can be found along Mabini Street in Ermita, Manila. Regularly receiving cash in a foreign currency from your OFW family member or foreign clients? Remittance centers and pawnshops are the best options for currency exchange.

After claiming a remittance in US dollar, for instance, you can immediately have it changed to peso without having to go elsewhere. Banks have strict rules when it comes to allowing foreign currency exchange. You can change money at a specific bank only if you have an account with it. Also, you have to transact only with the branch where you opened your bank account.

Enduring long lines to convert your peso to dollar or another currency at a bank could be worth it, considering that they provide good exchange rates and secure transactions. Banks exchange money at the closing rate from the BSP. Major malls like SM and Robinsons have money exchange counters in their department stores and in SM Hypermarket and Savemore as well where shoppers can do their forex transactions.

These malls are among the most convenient and safest places to exchange money in the Philippines. Their foreign exchange rates are reasonable, too.

Forex counters in malls only convert dollar to peso, though they also accept currencies other than the USD. Foreign exchange rates fluctuate from time to time and vary per money exchange center on any given day. Even different branches of a money changer have different rates as well. To find the best rate that will give you the most value out of your money, check and compare peso to dollar or any other currency exchange rates.