Currency and exchange rates in the Philippines


The Philippines is a bit more expensive than Thailand or Indonesia, but still quite affordable by Western standards.


Money

The unit of currency in the Philippines is the peso (P), which is also spelled piso in Filipino, and is divided into 100 centavos. Banknotes come in denominations of 10, 20, 50, 100, 200, 500, 1000 and 2000 pesos. Coins are in 10c and 25c pieces, and P1, P5 and P10.


FreeCurrencyRates.com


Banks

There's a bewildering array of banks operating in the Philippines, so look around before deciding which to use. The Philippine National Bank (PNB), Equitable PCI Bank, Metrobank, Rizal Commercial Banking Corporation (RCBC) and Bank of the Philippine Islands (BPI) are some of the big names in local banking. Global banks, such as Citibank and HSBC (Hong Kong and Shanghai Banking Corporation), also provide consumer-banking services in the Philippines.


ATMs

Credit, debit and cash cards can be used to get cash or cash advances from thousands of ATMs throughout the country. Check with your bank or credit-card company (or look on the back of your card) to see which ATM network your card is connected to. For getting cash, Cirrus and Plus are the most widely accepted; for cash advances, MasterCard is the most widely accepted, followed by Visa.

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Age: 41
Philippines, Taclobo
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Age: 48
Philippines, Mandaluyong City
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Age: 27
Philippines, Manila
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Age: 40
Philippines, New Iloilo
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Age: 28
Philippines, Mabalacat
cheryl
Age: 34
Philippines, Taguing
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Age: 37
Philippines, Manila
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Age: 30
Philippines, Bagong Pagasa
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Age: 33
Philippines, Mandaluyong City
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Age: 34
India, New Delhi
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India, New Delhi
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Age: 32
Philippines, San Pedro
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Age: 35
Philippines, Manila
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Philippines, Guihulngan
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Age: 42
Philippines, Taclobo
iwha 艾伊娃
Age: 28
Philippines, Manila