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Currency Exchange on Arrival

England, United...
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Currency Exchange on Arrival

Hi All

I'm coming to Cebu city soon by air. I will need some cash when I arrive.

How is the best way to change Japanese Yen (cash) into PhP please?

As an alternative, I could draw from a British Sterling account but may be charged extra for using the ATMs at the airport and there is no guarantee that the funds would have arrived in my account so soon.

I would still have to exchange the JPY fairly early in my stay.

Any advice appreciated, please.

Luzon, Philippines
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1. Re: Currency Exchange on Arrival

What time will you arrive? There are moneychangers at the arrival area of Cebu International Airport. Moneychangers in in the city center would give you a much better rate for your yen.

England, United...
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2. Re: Currency Exchange on Arrival

Thanks, Kegler.

My flight arrives at midday.

I could wait until after I've checked into my hotel close to Ayala. By then I will have been travelling for over 30 hours and may not feel up to it. What do you consider the as the city center?

I don't know how soon I'd need to use cash. If I decided to use Airport moneychangers, what figure should I be thinking of as a minimum for the best deal, please?

philippines
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3. Re: Currency Exchange on Arrival

Ayala mall has lots of forex traders with good rates.

Luzon, Philippines
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4. Re: Currency Exchange on Arrival

The only time you need pesos is when you will pay for a taxi. I am not familiar with sterling but you can change just an equivalent of 5-10 euros.

Australia
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5. Re: Currency Exchange on Arrival

What do you consider the as the city center?

--------------------------------------------------------

For me it is MIdtown. Appropriattely called Midtown because it is the centre of Cebu City. MidTown is down the hill from the Cebu Provincial Capitol Building which is in Uptown Cebu City. The centre of Midtown being Fuente Osmena which is surrounded by hotels, malls, hospitals, restuarants and a casino. Nearby are multiple night clubs and discos.

The other major centre for me is Downtown Cebu City which is the Central Business District. It is the oldest part of the city so has most of the historical sights/sites such as Fort San Pedro, Magellan's Cross, Sto Nino Basilica, Cebu Metroplitan Cathedral. Downtown has multiple banks, multiple shopping malls, multiple department stores, multiple universities, multiple restauarants, expat bars, bikini bars, karaoke bars, doctors, attorneys, pharmacies and cinemas.

Ayala Mall is a different kind of centre. When I first came to Cebu in 1994, Ayala Mall was still being built and there was nothing much surrounding it. Now there are multiple hotels and other businesses that have built up because of Ayala Mall.

My suggestion is to change a few yen at the airport so you have cash for taxi etc. There is a money changer near the luggage carousel in the international arrivals hall. In my opinion, you should change enough yen to give you P1000 minimum. Do not get your pisos in a single note, Try and get some small notes.

Expect about P300 in a yellow airport taxi to your hotel, depending on traffic. Yellow airport taxis are to the right as you exit the arrivals hall.

Since you will be near Ayala Mall, use the money changers there. There are at least 6 money changers at Ayala Mall. You should shop around as they all offer different rates.

If you want to use an ATM machine, use HSBC. They are opposite Ayala Mall and nearly opposite the Marriott Hotel on C Rosales Avenue. If you are staying at Parklane, Mandarin Plaza, Quest, Regal, Tune or Island Stay, the HSBC will be on the other side of Ayala Mall to your hotel. HSBC has 2 indoor ATM's operating 24/7 with a guard on the door. HSBC does not add an additional fee, at least they do not charge me an additional fee. They dispense up to P40,000 in a single withdrawal. HSBC accept VISA, PLUS, CIRRUS, MASTERCARD and maybe some other systems.

England, United...
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6. Re: Currency Exchange on Arrival

Cheers guys!

Just a question about opening times please. I'll arrive at the hotel Friday afternoon, so need to know what times the moneychangers close, and if they are open on Saturdays.

Thanks.

philippines
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7. Re: Currency Exchange on Arrival

Forex traders inside the mall follow mall hours, 10am to 9pm. And they are open everyday. There is a forex outlet in ayala mall located at the terraces outdoor area that stays open beyond 9pm. All of these should not be a problem based on your friday afternoon arrival. But just in case, there is a 24 hr forex outlet at the corner of apitong st and escario st, which is the intersection of quest hotel and diamond suites hotel, or a block away from park lane hotel and mandarin plaza, or at the back block of hotels located in archbishop reyes avenue which is fronting ayala mall.

Luzon, Philippines
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8. Re: Currency Exchange on Arrival

Moneychangers in malls close at about 8pm or even 9pm (coinciding with the mall hours).

England, United...
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9. Re: Currency Exchange on Arrival

OK, thanks everyone.

10. Re: Currency Exchange on Arrival

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