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What is the actual exchange rate of USD-PHP in Cebu City?

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What is the actual exchange rate of USD-PHP in Cebu City?

We intend to visit Cebu City in June 2006.

Do anyone know the actual exchange rate of

USD-PHP or PHP-USD in Cebu City ?

Which kind of places (banks, moneychangers etc)

do have the best exchangerates when one wants

to change american dollars into philippine pesos in Cebu ?

Where exactly (address?) is the best places to change american dollars into philippine pesos in Cebu City at present ?

The Danes

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Cebu City
Cebu City
Cebu Island, Philippines
Cebu Island
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Copenhagen
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1. Re: What is the actual exchange rate of USD-PHP in Cebu City?

We are sorry - it seems that we have made a mistake by registering 2 different USERNAMES: The Danes & Danes. Please, use Danes for your answers. Thanks!

PS: To the administrator - you may erase one of the 2 entries about the exchange rate of USD-PHP. Thanks!

Australia
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for Cebu City, Cebu Island
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2. Re: What is the actual exchange rate of USD-PHP in Cebu City?

Hello

The exchange rate is different where ever you go but at the moment is about P52 to $1 usd

I am Australian so I don't change US dollars but the generally agreed best place to exchange US dollars in Cebu City is the money changer in Robinson's Mall on Fuente Osmena (Osmena Circle).

As an Australian, for me, the best rate for Aussie dollars is at the ATM.

I will give you an example:

Last week I withdrew money from a BPI, ATM machine. The rate for the transaction was 39.77. Th exchange rate at the best money changer I know was 39.3

So, you may find that the best rate for you is also at the ATM machine. Maybe you should try and see while you are here.

Regards: Jim Sibbick

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Fuente Osmena
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Cebu Island, Philippines
Cebu City
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3. Re: What is the actual exchange rate of USD-PHP in Cebu City?

Dear Jim! Thank you for your extremely informative answer and advice - it is very valuable one and we will follow your advice when we are there. Thank's a lot. The Danes.

Manila, Philippines
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4. Re: What is the actual exchange rate of USD-PHP in Cebu City?

You can also go to the SM City Cebu and there's a money exchange in the SM Department store which usually has a long line. They say they have the best rates which explains the long lines. Check out www.bdo.com for current rates. BDO (Banco de Oro) is also owned by SM.

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5. Re: What is the actual exchange rate of USD-PHP in Cebu City?

Thank you very much pepperchip for your valuable advice.

We especially appreciate the additional information about the long line at the SM City Branch - and about Banco de Oro.

We will choose the Osmeña Branch of Banco de Oro at Osmeña Blvd./ Urgello St., Cebu City then - we suppose this branche will have the same exchange rate, but a much shorter line. (-:

NB : The correct internet address of Banco de Oro turned out to be:

http://www.bdo.com.ph/ (you missed the 'ph' at the end) if anybody else

here wants to make an internet check of the exchange rates at a Cebu City bank.

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6. Re: What is the actual exchange rate of USD-PHP in Cebu City?

You are welcome. Good thing you figured I forgot the .ph. Thanks.

As long as you go to SM cebu at 10am when they open, I don't think there'll be a long line yet. Mall goers start coming by 11am.

7. Re: What is the actual exchange rate of USD-PHP in Cebu City?

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