Thanks Andypaul for your insider info. Sounds similar to what I was told.
I got P86 to the £ when I sent Christmas money to the wifes family the other day using PNBs Global Filipino Money Card.
At the moment we're still not too far from the magic 100 to 1 rate which makes mental conversion easy! However, if it goes much lower, perhaps below 75 to 1 then I'd start worrying.
Personally, I have a building project to start in the Phils soon and obviously I want my £ to have good buying power. If there's enough evidence that it might get worse then perhaps I will buy maybe £5-£10K worth of Pesos.
As far as taking Pesos out of the country is concerned, why would you want to? The P10K limit is low and I've had more than that in my wallet before when leaving the country, but I only hold on to it and eventually take it back with me on the next trip. If you open a Peso account with PNB, just leave your Pesos in there and manage it from the UK.
