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Where to exchange currency for best rates in Cebu, Philippines?

Location: Mumbai, Maharashtra, India
There are many place you can exchange money in Cebu. We were living near Ayala mall and found this area real convenient for everything including money exchange. 

 Incase you are arriving at Cebu airport wont recommend exchanging currency at the Cebu Airport. The rates at Cebu airport are very poor as compared to what you will get in the city. The foreign exchange counters are located after luggage section. Just exchange some money enough to reach your hotel. A taxi ride from Airport to a hotel near Ayala mall would cost somewhere around 250-300 PHP only. 

Foreign exchange in Cebu City

We could figure out two options in Ayala mall, you should check the rates at both these places and see which one is offering a better rate for exchange. 
  
First you should visit the Core Pacific outlet on 4th floor of Ayala Mall, it is right next to Gold Gym, then visit the exchange counter at Rustan's supermarket which is on the ground floor of Ayala Mall near their bakery and is easy to locate. 

The rates for USD were same at both the places but if you want to change any other currency like Euro, the exchange rate offered at Rustan’s is significantly better! 

On both the occasions we exchanged our money at the Rustan's Super Market on ground floor. 

However would recommend you check the rates at both places before you exchange.

The money you save this way could definitely be used to buy some desserts from Kits Kitchenn at Toniq Juice Bar in Ayala Mall. Read more about finding Jain, vegetarian and vegan food in Cebu.

What currency (USD or Euro) should I carry to Philippines?



 All the places that we travelled in Philippines, USD had a better exchange rate; the exchange rate for USD was approximately 0.20-0.40 PHP less than the online rate. For Euro it was almost one PHP less compared to the online rate, hence if you have a choice, prefer USD over Euro and other currencies as well to get better exchange rates in Philippines.
If you have any queries or suggestions please leave a comment below, you can also email me on vegyatri@gmail.com.


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Comments

  1. Laura BushJuly 28, 2020 at 2:07 PM

    Extremely helpful post. This is my first time visiting here. I discovered such a large number of intriguing stuff in your blog particularly its exchange. Truly its extraordinary article. Keep it up. Neteller To Paypal Exchange India

    ReplyDelete

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