Travel to the Philippines – Currency


The Currency used in the Philippines is the Peso and there are 3 main ways to get your Peso’s.

1) By changing you money at a Money Changer

2) By using your Debit card or Credit card

3) By using Western Union


1) Using Money Changers

You can find money changers in nearly every town and city in the Philippines.

monwy changer phili1sm mall philimoney changer phili

You can find them on the high street and in malls. Many of these money changers claim not to charge a commission but really instead of charging you a commission, they just give you a low rate of exchange, so they make there money that way and in effect it really is a commission. You also need to be careful as they may double count the money in an attempt to steal from you so for example if they count 5 of the  20 peso bank notes to give you a hundred peso they might only have 4 of the 20 peso bank notes in there hand and they simply count 1 of the 20 peso bank note’s twice but this was a simple example, in reality they will do it when you try to exchange thousands of peso so if you have 100 bank notes then 5 can easily go missing without you noticing.


2)By using a Debit or Credit Card

Debit cards can be used in all cash/ATM  machines but you need to be careful some of them have higher charges but I have always used Metro bank cash machines, as I have found that they charge 200 peso (£2.85 or $4.54 US Dollars) per transaction and I normally take out 10,000 peso (£142.85 or $227.27US Dollars per transaction as this is the limit. Also keep in mind you can only take out 10,000 peso in a 24 hour period and I think this is in order to prevent fraud on your account. I have also found that you cant get your balance on screen at the ATM Machines so your kind of blind. I recommend you make sure you have enough money to begin with and then keep all your ATM receipts as this will help you keep track of how much money you have withdrawn.

Depending on what kind of Debit card you have you will get charged no exchange rate fees. I currently have a Santander Zero account and this has no fee’s of any kind but its no longer available so you need to do your research and find the card with either no exchange rate fees or the lowest fee’s. The debit card will also pay you the market rate and not what any money changer wants to pay you.In order to check the market rate please follow this link  It should take you to the Visa website and show you the rates. This is the site for European exchange rates and you may have to search the term “visa exchange rate” along with what ever country your form to get the rates your looking for. But if you just type that then it should give you options in Google like European or US ect.

Santander card


Credit cards can also be used at cash machines with the same charges but again this depends on the credit card your using. I use the Halifax Clarity card as this is the best one I have seen on the market. Again it has no exchange rate fees and it pays you the market rate. you can also check the up to date exchange rate at any given time by following this link   it should take you to a page that allows you to choose your base currency meaning the currency you use in your home country and then it will show you the rates for all other countries.

Halifax clarity card

3) By using Western Union

Western union can be used but I wouldn’t recommend it unless its an emergency and you have no other choice as this is one of the most expensive options you have, other than the money changers. You can find Western Unions in all towns and city’s of the Philippines as the country has a lot of its income coming in from other countries in the form of remittance. This means Filipino’s working in other countries send money home. I have used this method a couple of times and I have always found it expensive.


western union phili3western union phili4western union philiwestern union phili1western union phili2


Hears what the Philippines peso looks like and the different denominations

money of Philippines1

You can see 20 peso, 50 peso, 100peso, 200 peso, 500peso and 1,000money of Philippines1 peso bank notes.

coins phlippines1

Hear are the coins but I have not seen the 2 coins in the bottom right had corner of this picture namely the coin with the whole in it and the 10 centavo coin. However I have see the 25 centavo, 1 peso in the middle, the 5 and 10 pesos at the top. Mostly you will use the 1,5,10 peso coins and the bank notes. In all my years of going to the Philippines these are the denominations I used and nothing else.


Well That’s another post done and I hope everyone finds it informative but should you have any questions please don’t hesitate to contact me. Please like subscribe/follow and comment, I am always open to some feedback.