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 ...