Jump to content

Recommended Posts

15 minutes ago, Gary D said:

That may not be possible, best to change a few dollars at one of the many banks in the terminal.

I thought the banks were after passing through immigration.  No?

 

Share this post


Link to post
Share on other sites
7 minutes ago, intrepid said:

I thought the banks were after passing through immigration.  No?

 

Having never tried to buy Philippines peso outside of the Philippines I wondered if they were available. I know when we visited India recently their currency was not available outside India so had to exchange some at Delhi airport on the way in.

Share this post


Link to post
Share on other sites
32 minutes ago, Gary D said:

Having never tried to buy Philippines peso outside of the Philippines I wondered if they were available.

In Canada they are available, but more expensive and you usually have to order them days in advance (from your own bank).  

  • Like 1

Share this post


Link to post
Share on other sites
20 hours ago, intrepid said:

I thought the banks were after passing through immigration.  No?

 

Yes, they are in the main part of the terminal after immigration (and customs too).

I had to get some pesos in the USA once. Did it thru Bank of America about 8 years ago. Took a few days as they had to order the pesos and the exchange rate really sucked. If I recall correctly the spot rate at the time was around 53 pesos to the USD and the rate I got was around 43. 

Later I found out that an immigration officer (in Cebu) could escort you out to a bank in the terminal to exchange pesos and then bring you back in. But I don’t know if they offer that courtesy all the time or not. I wouldn’t count on it and would just bite the bullet and take the hit on the exchange rate at a US bank. That way you’d have the pesos and not have to worry about it.

From then on I always made sure to take about 8-9k pesos out with me - enough for when I returned to pay for a visa, taxi fare, a meal and some extra for any incidentals. It should be noted that you’re not allowed to take more then 10k pesos out of the Phils.

  • Like 1

Share this post


Link to post
Share on other sites
9 minutes ago, Gator said:

It should be noted that you’re not allowed to take more then 10k pesos out of the Phils.

Just confirming... are you certain it is 10k pesos or 10k US$ that are permitted?

Share this post


Link to post
Share on other sites
Just now, Tommy T. said:

Just confirming... are you certain it is 10k pesos or 10k US$ that are permitted?

It’s actually both - 10k pesos and/or 10k USD. I know it doesn’t make sense, but this is the Phils after all, lol

  • Thanks 1

Share this post


Link to post
Share on other sites
1 minute ago, Gator said:

It’s actually both - 10k pesos and/or 10k USD. I know it doesn’t make sense, but this is the Phils after all, lol

Hmmm... I was asking because I understood that US$10,000 was sort of an international standard to carry between many countries. I never heard of the 10k pesos limit...

Share this post


Link to post
Share on other sites
Just now, Tommy T. said:

Hmmm... I was asking because I understood that US$10,000 was sort of an international standard to carry between many countries. I never heard of the 10k pesos limit...

As it’s a bit unusual is why I pointed it out. It’s printed on the customs declaration form and I  read it twice as I thought it was wrong. Then I just chuckled to myself when I remembered what country we’re talking about and some of the other silly rules there. 

  • Like 1

Share this post


Link to post
Share on other sites
1 minute ago, Gator said:

As it’s a bit unusual is why I pointed it out. It’s printed on the customs declaration form and I  read it twice as I thought it was wrong. Then I just chuckled to myself when I remembered what country we’re talking about and some of the other silly rules there. 

Okay, cool. Yeah, it does seem a bit unusual, but as you say... It's been over a year since I traveled outside the P.I. so am already a bit stale regarding the latest rules and regs...

Thanks for the clarification! :smile:

Share this post


Link to post
Share on other sites
24 minutes ago, Gator said:

Yes, they are in the main part of the terminal after immigration (and customs too).

I had to get some pesos in the USA once. Did it thru Bank of America about 8 years ago. Took a few days as they had to order the pesos and the exchange rate really sucked. If I recall correctly the spot rate at the time was around 53 pesos to the USD and the rate I got was around 43. 

Later I found out that an immigration officer (in Cebu) could escort you out to a bank in the terminal to exchange pesos and then bring you back in. But I don’t know if they offer that courtesy all the time or not. I wouldn’t count on it and would just bite the bullet and take the hit on the exchange rate at a US bank. That way you’d have the pesos and not have to worry about it.

From then on I always made sure to take about 8-9k pesos out with me - enough for when I returned to pay for a visa, taxi fare, a meal and some extra for any incidentals. It should be noted that you’re not allowed to take more then 10k pesos out of the Phils.

I think it would be wiser for them to try to obtain some pesos at their US bank before arriving than hope for the immigration escort to a terminal bank and back.  Besides I'm fairly sure they are arriving around midnight.  So this may all be out the window anyway.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...