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.

 

Curious here. 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

 

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.

 

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.

 

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!!