Peso rate

[stevewool]

While we were over there, we transferred our British pounds for the peso. What a difference you got from different places too, a few peso difference by walking just around the corner. I think the best rate was 67.5 - the first time we exchanged - the worst was 65.7 on the last few days.

I have just sent some 50,000 through WorldRemit. The rate was 65.4 and their charge was £6.99. While we were there, I could only withdraw 10,000 peso at a time, and each time I was charged nearly £7 from my bank.

Looks like I shall be using WorldRemit a few more times in the near future.

[Terpe]

Steve, did you have time to open a bank account while you were there ?

I'd also suggest you consider something like an iRemit Visa Card or PNB Global Filipino Card

Both are pre-paid peso card. You load up with Peso when the rate is good and then use as a regular ATM/debit card. No charges.

As a back up consider a pre-paid travel card such as Caxton fx.
You could have pounds/dollars/Euro or all 3
These are not in peso but the charges are very small and no ATM charges

Food for thought

[stevewool]

Thanks Peter, we did not have time to open an account at all, but I shall look into the cards you mentioned for the next time.