Currency and money of the Philippines

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Exchange rate of Philippine currency to ruble/dollar/euro

The exchange rate of the Philippine currency is generally stable, and depends on inflation in the country. To quickly convert prices in pesos to USD, you need to multiply the amount by 1.5. for example, 200 pesos = 200*1.5 = 300 USD.

Курс обмена валюты (филиппинский песо) на сегодня ()

1000 песо (PHP) = 920,30 рублей (RUB)
1 евро (EUR) = 57,90 PHP
100 рублей (RUB) = 108,66 PHP
1 доллар США (USD) = 55,06 PHP
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Money, the currency of the Philippines

Philippine currency-peso (piso). Denoted by the international sign ₱, pronounced "piso". One peso consists of 100 sentimos (formerly called centavos), but in practice it is rarely used, for tourists all prices are rounded to Whole pesos or even tens. By the way, old centavo coins are also legally in use, which are equated with Sentimo. If you come across such a coin, it is better to leave it as a souvenir.

In circulation are coins of 1, 5 and 10 pesos, and banknotes of 20, 50, 100, 200, 500 and 1000 pesos. When exchanging foreign currency in cash, the amounts are issued in bills of a thousand pesos, and this is a big problem, since there is usually no exchange in shops, cafes, and at the entrance to attractions. Therefore, if possible, when exchanging, ask to be given small bills, i.e. say: "small bills"or " exchange".

Payments are made in local currency, but in tourist places you can pay for goods and services in cash dollars, they are even indicated in prices and on price tags. But the conversion rate when buying is not profitable for tourists, besides the price is rounded up, so in any case, the calculation of local money is more profitable and reliable.

Money Of The Philippines

What currency is better to take

In the Philippines, you can exchange many world currencies, at least: US Dollar, Euro, Thai baht, Malaysian ringit, Hong Kong and Taiwan dollars, yuan and many others. But the most profitable cash exchange rate in the Philippines for dollars, euros, and pounds, they are the best to take on a trip. In addition, other currencies, except for the three listed, can not be exchanged everywhere.

As for the choice of dollar or euro, the dollar is better, since the rate for it is more profitable and their exchange is more common. In addition, in some cases, dollars can even be paid directly without exchange. On the other hand, if you already have euros on hand, then you do not need to change them to dollars at home, you will lose more on double conversion. You also need to take into account that there is a difference in large and small bills. For example, in one exchanger, the rate for $ 50 and $ 100 bills is 51.61, and 50.50 for smaller ones. When exchanging $ 100 in small bills, you will lose 111 pesos (2.02 USD).

You can take Russian USD to the Philippines only as a souvenir, you will not be able to exchange them.

Where to change currency in the Philippines

You can exchange cash at airports, banks, authorized exchange offices, hotels. The most favorable rate can be found at authorized exchange offices in large shopping centers or tourist areas. We (the authors of the site) found the most profitable rate in exchangers operating under the signs of money transfer systems and micro-loans Lhuiller, Western Union, Forex. In banks, changing the currency can be problematic, since they can refuse service to non-bank customers.

Exchange at airports (except Manila airport) and hotels is not recommended, the rate is undervalued. For example, one day the exchange rate at Cebu Airport was 47 pesos per dollar, while at the exchangers in the city 50.8 pesos, i.e. when exchanging 100 dollars you will lose 308 pesos (5.59 USD). The only exception to this is Manila airport, where the course is quite decent, and if you bypass major cities from Manila airport and go directly to small island resorts, it is best to immediately change all the necessary amount for travel.

There are also private traders who are engaged in the exchange in tourist areas or shopping centers at a favorable rate, but you need to be very careful not to get into the "wiring".

The opening hours of exchange offices at major airports around the clock. At least in Manila and Cebu it is. Banks are open until 16-17 hours, Saturday and Sunday off. Exchange offices work according to their schedule, as a rule, seven days a week and late, sometimes even around the clock.

In order to exchange currency legally (not from private traders) in exchange offices or banks, you will need any photo ID card, even Russian rights are accepted. You will need to fill out a form in which the document data is entered, as well as the dignity and serial numbers of the bills that you change.

Currency exchange in the Philippines

Bank cards and ATMs

The use of Visa and Mastercard bank cards in the Philippines is possible, but not yet very profitable and widespread, the Russian Mir system is not supported. So far, the cards are inferior to cash in terms of profitability due to the high ATM Commission for withdrawals, as well as the not very favorable conversion rate when paying.

You can pay with a card in stores and large hotels, but they are not accepted everywhere with joy. A bank card can be more or less applicable in large cities like Manila, Cebu, Dumaguete, and in resorts and small islands you can pay with plastic only in rare cases. Even if the store has a terminal at the checkout, as a rule, for small purchases up to 500 pesos, card payments will be refused. More often you will just see a sign in front of the cash register "Cash Only, Sorry", and so even in popular chain supermarkets 7/11. In restaurants and travel agencies, Cards are accepted at all and rarely. In our experience, it was possible to pay only in chain restaurants Jollibee and McDonalds, and then not at all. No payment fee is withheld except for the conversion fee from the card currency to pesos. However, even taking into account the absence of a commission, the profitability of plastic payment is questionable. For example, when paying with a dollar card in a supermarket, the conversion rate was 48.1 pesos per dollar, while cash at the same time could be exchanged at a rate of more than 50 per dollar.

The country is at increased risk by banks. Therefore, it is better to warn your bank about a trip abroad by calling the support service indicated on the card, or through a chat bank. If this is not done, the card may be blocked after the first transaction, and you will have to unlock it by phone. At the same time, banks in fact do not in vain refer this country to an increased risk. It is best not to keep a lot of money on the card, but to replenish it with small amounts online while traveling.

There are enough ATMs in the Philippines, you can withdraw money without problems, but almost everywhere there are restrictions on the maximum amount and commission, which makes withdrawal unprofitable. Most ATMs allow you to withdraw no more than 10,000 pesos at a time, with 250 pesos held for each transaction (4.54 USD) in addition to the commission of your bank. Even your bank does not charge a fee, 250 pesos will still be withheld from each withdrawal.

The only ATMs that do not withhold Commission when withdrawing are HSBC, but there are very few of them, probably no more than 20 in the whole country. You can find their position on the bank's website or on the Google map as requested by hsbc atm philippines. The maximum withdrawal limit at HSBC is 40,000.

ATM in the Philippines

Departure fees from airports in the Philippines

In Philippine airports, there is a Terminal Fee, which passengers must additionally pay when departing on international or domestic flights. However, do not confuse this with the tax of 1620 pesos on leaving the country (Travel Fee) for citizens of the Philippines and residents, it is not necessary to pay tourists.

Terminal Fee applies only to departures, upon arrival you do not need to pay anything. If you have an international flight in transit, the fee is also not paid.

The fee varies from airport to airport, ranging from 400 to 850 pesos. In some airports, it is already included in the ticket price, and in some it will have to be paid in cash in pesos, dollars or a bank card before departure after check-in . To do this, you need to go to a special counter with a boarding pass after check-in, pay, and you will be stamped on the boarding pass. Without this stamp, you will not be allowed to board. Given this, do not forget to leave the required amount in local currency or small bills in dollars.

Below is information about the amount of the fee for different airports, but it may change, it is better to check on the website of a particular airport.

  • Manila (MNL) - All fees are included in the ticket price, you do not need to pay anything upon departure
  • Cebu (CEB) - fees for domestic flights are included in the price, for international flights you will have to pay 850 pesos
  • Bacolod (BCD) - domestic 200, international 700
  • Basco (BSO) – 100
  • Busuanga (USU) – 100
  • Butuan (BXU) – 150
  • Cagayan de Oro (CGY) – 200
  • Calbayog (CYP) – 50
  • Camiguin (CGM) – 50
  • Catarman (CRM) – 100
  • Caticlan (MPH) fees are included in the ticket price
  • Cauayan (CYZ) – 100
  • Clark (CRK) - domestic 200, international 600
  • Cotabato (CBO) – 150
  • Davao (DVO) – 700
  • Dipolog (DPL) – 150
  • Dumaguete (DGT) – 150
  • General Santos (GES) - 700
  • Iloilo (ILO) – - 700
  • Jolo (JOL) – 100
  • Kalibo (KLO) - international-700
  • Laoag (LAO) – - 700
  • Legazpi (LGP) – 150
  • Masbate (MBT) – 100
  • Naga (WNP) – 100
  • Ozamis (OZC) – 100
  • Pagadian (PAG) – 150
  • Puerto Princesa (PPS) – 700
  • Roxas (RXS) – 150
  • San Jose (SJI) – 150
  • Siargao (IAO) – 150
  • Surigao (SUG) – 100
  • Tablas (TBH) – 100
  • Tacloban (TAC) – 150
  • Tagbilaran (TAG) – 100
  • Tandag (TDG) – 100
  • Tawi-Tawi (SGS) – 50
  • Tuguegarao (TUG) – 150
  • Virac (VRC) – 100
  • Zamboanga (ZAM) – 700

Tipping in the Philippines

Tipping is not as common here as in Arab countries, for example. The staff of hotels, travel agencies, and other tourist institutions here works for a salary, so no one will demand and expect a tip from you, although there are cases when it is better to leave them:

If you rent transport, then in free parking lots near shopping centers, restaurants or hotels you can meet staff who distribute transport and look after it. Usually, when leaving such a parking lot, they leave a few pesos coins. Also, tips are expected by guides in state attractions such as natural parks, waterfalls, caves, where the guide's accompaniment is mandatory or desirable. Usually in such places they can leave from 50 to 200 pesos, depending on the duration of the escort. If desired, you can also leave change to taxi drivers or tricycle drivers, tips at the hotel reception (usually there are banks or boxes with the inscription Tips), in restaurants.

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admin 5 Nov, 2021
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