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U.S. $ TO PhP

Discussion in 'Banking - Investing - Finances' started by PatO, Aug 30, 2015.

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  1. PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

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    PatO, Aug 30, 2015
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  2. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I wouldn't wait too long. I don't think that will last.
     
    Rye83, Aug 30, 2015
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  3. alex

    alex DI Forum Patron Highly Rated Poster

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    Yes ours is now 33 p to the aussie dollar a bit over a year ago we were dollar for dollar against the U.S. now we are 71 cents to the U.S how things change .The age pension was 63th peso this month lucky to get 51 , its a worry.
     
    alex, Aug 30, 2015
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  4. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    Curious here. :unsure: If you Transferred say $10.000 from your Dollar account to a Peso account, would you get the same exchange rate or does it not work like that?

    JP:unsure: :smile:
     
    Jack Peterson, Aug 30, 2015
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  5. OP
    OP
    PatO

    PatO DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Marines

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    Whatever the posted rate at the location is, regardless of the amount that is it. Although banks normally offer a lower rare than outsiders, BDO will add .05 to the rate they give us. But that is still lower than say upstairs at Robinson's so better to withdraw dollars and go upstairs for pesos, if you are not nervous about carrying cash. I would certainly not haul $10,000 in cash anywhere here.
     
    • Agree Agree x 1
    PatO, Aug 30, 2015
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  6. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    This is where I get screwed using Xoom. I get the $4.99 transaction fee plus a hit on the exchange rate. Right now if I were to send with Xoom I'd get 45.38 to the dollar. P1.42 difference. I don't know how they factor it in but they are taking a little more than a 3% cut of whatever I send plus the transaction fee. Someone suggested another online remittance site to me before. Was it worldremit.com?
     
    • Informative Informative x 1
    Rye83, Aug 30, 2015
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  7. Mr. Reddit

    Mr. Reddit DI Member

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    I use XOOM and always have money sent to me in US dollars which is taken out of my bank account. Then I do the exchange here where I can get a better rate. And I never exchange at a bank, always at a reputable exchange. However, I do these transactions in Cebu. I don't know what is available in Dumaguete.
     
    Mr. Reddit, Sep 1, 2015
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  8. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I thought they had an extra fee for sending USD. If I remember correctly it is am extra $2-$4 USD. It pretty much evens out.

    Sent from my Nexus 5 using Tapatalk
     
    Rye83, Sep 1, 2015
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  9. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Just checked. It's $3 more....around P140 more to send USD. After you drive to a place to exchange the currency it's almost exactly the same cost as sending pesos (you might actually lose some depending on the exchange rate you can find on town). Perhaps if you send larger amounts you would make out better. I don't like having large amounts of cash on me or laying around the house though. P15k is about the most I ever have on me at one time.

    [​IMG]
    [​IMG]

    Sent from my Nexus 5 using Tapatalk
     
    Rye83, Sep 1, 2015
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  10. Monty44

    Monty44 DI Member

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    OPPTIMAN OR COMFORT INN ARE ALWAYS HIGHER!! THE EXCHANGE AT THE MALL & LEE PLAZA ARE 20-30 CENTAVOS LESS THAN THESE THESE GUYS!! THE BANKS ARE WAY LESS ALSO!! THEY HAVE TO PAY FOR THEIR BRICK & MORTAR YOU KNOW!!
     
    • Informative Informative x 1
    Monty44, Sep 1, 2015
    #10
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