Philippines Money and Exchange Rate

Philippine Peso (PHP; symbol Php) = 100 centavos. Notes are in denominations of Php1,000, 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of Php10, 5, 2 and 1, and 50, 25, 10 and 5 centavos.

Cash in Pounds Sterling or US Dollars can be exchanged in banks, hotels and some retail outlets. Always use authorised money-changers or banks in Manila. Outside the capital there is a shortage of facilities for changing foreign currency and rates may get progressively worse as you travel further away from the city. It is advisable to carry a sufficient amount of Philippine pesos when travelling to other provinces.

American Express, Diners Club, MasterCard and Visa are widely accepted in major establishments throughout the big cities of the Philippines. ATMs are available.

Traveller's cheques and major foreign currency may be cashed at most commercial banks and Central Bank dealers. They are also accepted in most hotels, restaurants and shops. To avoid difficulties, travellers are advised to carry their receipt of purchase with them. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.

Restrictions apply.

Mon-Fri 0900-1500.

1.00 GBP = 69.78 PHP

1.00 USD = 45.62 PHP

1.00 EUR = 62.61 PHP

Currency conversion rates as of 18 March 2010