Quote Originally Posted by yorkie View Post
I just scan read the replies due to the late hour so forgive me if I repeat anything already stated. 10k pesos is the limit as has been said, but I have taken more through on my first 2 visits and just not declared it, and neither was my wallet checked. Its probably foolish to take more without declaring it, however the first time I went through I was shaken down for cash by some airport security guards right outside (being naieve at the time I didnt report them) so on my second trip I didnt want to declare the cash in case I'd get some problem of a similar nature to my first visit.

However, since I have found the best way is to just get cash over there, depending who you bank with of course its just as easy to get the money from an ATM depending on international charges. Also the exchange rate you'll get for £ to php here in the UK was last time I went to philippines was something like 63 php to £1, whereas in the Philippines they were exhcanging at something like 75php to £1. I'd even considered sending money to my wife's family in Philippines via xoom to be picked up on arrival rather than use the lower uk exchange rate, but after charges its about the same... thats my experience of it anyway, just change the money or use atm in phlippines (being aware that some you can only withdraw like 5000php from in one transaction) others may offer differing advice.
hi
i was able to withdraw 10,000 php and i was charged (the machine told me at the time) between 150-200peso's per transaction. and i was paying from £151-£154 for the 10,000 pesos. which works out at around 66php per £ and that was during the middle of last month.