Discussion in 'Businesses - Services - Products' started by Andrew, Apr 18, 2015.
As Banks are notoriously poor value; anyone aware of a [relatively] competitive Money Changer in DC?
Best price exchange is on Perdices, downstairs in the back, inside the Robinsons-Handyman store. Also Check Inn has been known for good exchange too on Locsin.
THAT was quick! Thank you so much Patty - much appreciated!
[DOUBLEPOST=1429312158,1429311939][/DOUBLEPOST]Perhaps Patty's tip/reply could be made 'sticky' or 'featured' as I am sure many visitors/new expats would find this extremely helpful?
The money exchange in Lee Plaza downstairs, downstairs in the back by handyman in downtown Robinsons, and the one on the second floor near the food court are all affiliated some way.
The one in Robinson downtown was slightly higher when it first started up but soon became the same as the other two. The exchange rates are posted, they are sent the out of Cebu. There are easy, attentive (someone is always there) and fair.
The one in Check Inn money exchanger has a reputation for a good exchange rate but it always negotiable, and his start of rate when give to me was always slightly higher than anyone else. I do not like negotiating things here, but you know what ever you accept you may have been able to get better, I hate second guessing myself so I go with posted rates.
If you want to find out the "gossip" on exchange rates go to old McDonald in the morning and you can hear guys bragging about get 1 centavatos better here or there ("last liar wins" rules applies to these types of conversations). If I have to worry about a few Pesos per hundred dollar exchange rate then maybe I can not afford to live here at all.... I am still at the "blow and go" speed I was use to in the US.
Years ago I used to use ( below ) for changing sterling. Security at entrance, so always felt safe changing large amounts.
Optimum Trader Currency Specialist
38 M. Perdices Street corner Pinili Street, Dumaguete City, Negros Oriental
Tel35 225 4367
Tel 35 422 8314
You (and other members) should be able vote on "Best Answer". It is next to the "Reply" button. This might not work since you asked the question though. I agree it is good information and the question does come up frequently. I will make it a sticky thread.
The only time I exchange USD is when I first come in country. Never paid much attention to the exchange rate....if it is somewhere around 45 PHP to the dollar (+/- 5 pesos) I consider it good enough for the small amount I usually exchange. I will walk away if it is in the 30's though. I send pesos to myself with Xoom. Never have, and probably never will, hold a Philippine bank account. Don't trust them.
Please sound the siren when you see 45
Went to the FX Place at the back/basement of Robinson's/Handyman. Got just under 45/$ so good rate (slightly higher as I was exchanging a reasonable amount). I agree with all comments vis-a-vis .PH Banks - and I have actually written on DI about that very subject previously. This instance it was simply me removing some Rental monies from Thailand & repatriating the Cash - so handy to know there's a fair place to do this (ad-hoc).
It's at 44.26 according to Google. What is 74 centavos on 100 dollars? An extra beer? Though, I do remember when I first came to the Philippines it was at 50 pesos to the Dollar. Would be nice to have again....I guess.