I will be travelling to Philippines later this month.
I read on a previous post that, and I am inclined to agree, the best way to get the most from your dollar ( in my case AUD/Australian Dollar) is to take cash and exchange on the street for the best rate.
Someone else mentioned HSBC bank, and opening an overseas bank account. HSBC phone representatives urged me not to consider this option- as the normal annual traveller would have to endear far more hassle and time-consuming paperwork than is worth the trouble to obtain an overseas account with a debit/atm card. Multi-currency accounts from HSBC in Australia come without a debit/atm card and are only used for the major currencies- of which PHP is not.
Tell me, who does what. I know it's a previous topic, but I'm looking for some currency (pardon the pun) and want to be certain that carrying $5k on my body into the Philippines is the best option....
Thanks in advance guys