Currency Guide Philippines

Currency

Philippines Peso = 100 centimo(s). Notes are in denominations PHP1000, 500, 200, 100, 50, 20, 10

To view images and descriptions of all these denominations [click here]

Credit Cards

MasterCard, Visa, American Express and Diner's Club are accepted in major establishments throughout the big cities of the Philippines. Consult your credit or debit card company for details of acceptability and services that may be available.

Currency Regulations

The import and export of local currency is restricted to PHP10,000, larger amounts require authorization from the Bangko sentral ng Pilipinas.

The import and export of foreign currencies is free. However, amounts of or equivalent to USD10,000 or more require a declaration stating the source and purpose of transport of currency.

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Currency Exchange

When in the Philippines always use authorised money changers or banks. There is a shortage of facilities for changing money outside of the capital, Manila.. Also, the further outside of Manila you go the progressively worse the rates get.. Try to carry sufficient amounts of Philippine pesos when travelling to other provinces. Travellers can be exchanged in all commercial banks and Central Bank dealers. They are also accepted in the majority of hotels, shops and restaurants. Visitors are advised to take US Dollar travellers cheques to avoid additional charges.

Banks

The banking hours in the Philippines are generally Monday to Friday 9am-4pm.

Exchange Rate History

Date   PHP Rate
01/01/02   76.717
01/01/03   81.265
01/01/04   93.573
01/01/05   101.406
01/01/06   86.109

A rough guide to the tourists rates for the Philippino Peso since the beginning of 2002

View Philippino Peso exchange Rate

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