Philippine Peso - Buy where?

RaiderHammer
RaiderHammer Posts: 684 Forumite
Name Dropper First Post First Anniversary Combo Breaker
in Overseas holidays & travel planning
Any ideas on the best place to buy some Philippine Peso for a holiday. I tryed the local tesco and the Co-OP Travel shop but the rates are pretty poor. Around 10 Pesos less than you get quoted on the internet on currency comnverters and when you only get 70 to the £1 that's a lot.

Any help greatly appreciated.

Comments

  • dzug1
    dzug1 Posts: 13,535 Forumite
    First Post Combo Breaker
    The Post Office are quoting about 64 pesos to the £1.

    You'll find cash rates will differ from the online convertors by 5% - maybe more for obscure currencies

    The PO recommend $US for visitors BTW
  • RaiderHammer
    RaiderHammer Posts: 684 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    dzug1 wrote: »
    The Post Office are quoting about 64 pesos to the £1.

    You'll find cash rates will differ from the online convertors by 5% - maybe more for obscure currencies

    The PO recommend $US for visitors BTW

    Thanks mate. OK perhaps I was expecting a little more than I am going to get. I was quoted 65 from Tesco. Will take some currency in Peso (you are only allowed to enter with 10,000 Pesos) and some US Dollars.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    edited 17 April 2009 at 11:24PM
    Get your pesos when you get there. You will get a much better rate there.ecblank.gifline2.gifecblank.gifecblank.gifAbout BPI Forex | Main Office & Forex Stations ecblank.gifecblank.gif


    Currencies Buying
    (in Philippine Peso) Selling
    (in Philippine Peso) US Dollar 47.5500 48.0500 Euro Dollar 61.5231 64.3712 British Pound 69.3777 72.6942 Australian Dollar 33.2238 35.5100 Japanese Yen 0.4670 0.4972 Canadian Dollar 38.4381 40.6230 Swiss Franc 40.3671 42.6615 Hongkong Dollar 5.9781 6.3179 Singapore Dollar 30.9136 32.5053 Brunei Dollar 30.3800 0.0000 Thailand Baht 1.3339 1.5500 Indonesian Rupiah 0.0041 0.0062 Saudi Riyal 10.8290 0.0000 Malaysian Ringgit 12.2404 0.0000 New Zealand Dollar 0.0000 0.0000 Bahrain Dinar 0.0000 0.0000
    Limit on foreign exchange that may be purchased without documents for non-trade purposes has been increased from USD10,000 to USD30,000 per single transaction effective January 21, 2008

    ******************************************************


    The two rates qouted for each currency are the buy and selling rates.

    USD is the best currency to exchange with a spread of just over 1%
    GBP's got a spread of around 4%.
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