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The 7 Best Money Changers in the Philippines with the Best Peso Exchange Rates
Where to exchange money in the Philippines? Here are some of the best money changers in Manila and the Philippines to convert your peso!
By: Mira Maestrecampo | October 03, 2022
Filipinos are now looking into finding the best and high money changers in the Philippines as the peso currency continues to depreciate.
Images: Unsplash (L); Pixabay (R)
The Philippine peso slams a historic low as it downtrends, sloping to 58.99:$1. As of this writing, the peso rate has slipped to a whopping 15.7%, or PhP7.99, from PhP50.99 in 2021. [1] The Philippine peso continues to depreciate, with the currency landing low against the dollar rate, as also declared on the Bankers Association of the Philippines’ website. Filipinos would want to rely on legitimate and best money changers in the Philippines with the best, most convenient, and highest peso exchange rates, letting Filipino consumers have the best value for their Philippine money.
When searching for the top money changers in the country, a customer should evaluate factors like accessibility, accuracy, availability, safety, and a simple process. This is especially important when taking into account the currency exchange rate in the Philippines.
Here are some recommendations for trusted and best money changers in Manila and throughout the Philippines.
1. Palawan Express
Rate per 1 USD: Vary per province, city, town
Facebook: https://www.facebook.com/palawan.pawnshop
Website: https://www.palawanpawnshop.com/
Palawan Express is a prominent money services establishment in the country.
Images: Palawan Pawnshop - Palawan Express Pera Padala Facebook page
One of the best money changers in the Philippines, Palawan Express, boasts superior customer service and site convenience, having over 3,000 branches nationwide. Besides pera padala (send or transfer money) services, Palawan Express offers the best money-changing services with updated and accurate currency and Philippine peso exchange rates. However, note that the exchange rate of the dollar to the peso varies daily and can be changed between time and transaction dates. Palawan Express is available in remote areas, provinces, and central cities, thus granting access to most Filipino consumers.
2. Cebuana Lhuillier
Rate per 1 USD: PhP58.52 (Estimate as of writing)
Facebook: https://www.facebook.com/cebuanalhuillierpawnshop
Website: http://www.cebuanalhuillier.com/
This local money service center is always giving discounts to its consumers.
Image: Cebuana Lhuillier Facebook Page
Where to Exchange exchange money in the Philippines? Cebuana Lhuillier is one of the most reputable and best money changers in the Philippines, offering a valuable peso exchange rate. More than a pawnshop, Cebuana Lhuillier also caters to other services like money transfer, insurance, and banking. It provides almost a complete list of money services to address its clients' needs further. Foreign exchange is also available, and money-changing services at these best money changers in Manila and across the Philippines are well-regarded and reputable. Business-to-business services can also be transacted through Cebuana Lhuillier, including bill payment, e-load, and corporate payout, which are available nationwide. However, the money changer rate in this list of the best money changers in the Philippines varies from time to time.
3. M Lhuillier Financial Services, Inc.
Rate per 1 USD: PhP58.52 (Estimate as of writing)
Facebook: https://www.facebook.com/mlhuillier.official
Website: http://www.mlhuillier.com/
M Lhuillier reaches its market reach, operating up to the farthest points in the Philippines and internationally.
Image: M Lhuillier Financial Services, Inc. Facebook page
Operating with over 3,000 branches in the Philippines, M. Lhuillier Financial Services, Inc. aims to reach Filipino consumers from all walks of life by establishing branches across the cities and provinces, particularly in the farthest remote locations. Whether digital or physical, M. Lhuillier has all the right money services you need, even if you are looking for the best peso exchange to utilize every cent of a typical Filipino. With their tagline "Sa M. Lhuillier, Lahat Pwede!" This best money changer in the Philippines answers every consumer’s money needs: receiving international remittances in foreign currency, exchanging the best peso exchange rate of a client’s foreign money, cash loans, pawnshop services, and insurance services.
4. Villarica
Rate per 1 USD: PhP58.66 (as of writing)
Facebook: https://www.facebook.com/VillaricaPH
Website: http://www.villaricapawnshop.ph
Villarica stays genuine to its brand as the money changer you can be ‘sure’ of.
Images: Villarica - Dapat sure ka. Dapat Villarica Facebook page
Villarica gives its customers a ‘sure’ guarantee that any foreign currency is equivalent to the highest possible peso exchange rate at any of Villarica’s best money changers in Manila and across the Philippines. Besides exclusive promotions for its users and loyal clients, this best money changer in the Philippines updates the latest exchange rates for common international currencies daily. Are you still pondering where to exchange money in the Philippines? Villarica is a wise choice for you. In addition to currency exchange, Villarica provides other services, including Cash Padala (send), pawnshop services, bill payment, and cash withdrawal.
5. Naila’s Money Changer
Rate per 1 USD: PhP58.80 (as of writing)
Facebook: https://www.facebook.com/NailasMoneyChanger/
Website: http://www.nailasmoneychanger.com/
Nailas Money Changer is active in updating real-time exchange rates on its website and Facebook page.
Images: NAILAS Money Changer Facebook page
What is good about Naila’s Money Changer is that you can check out the rates of the Philippine peso converted from any international currency you would need. This best money changer in the Philippines gets much praise from its clients and customers because of its honest and efficient services, buying and selling money services, and catering to currency-related business transactions of its clients. Their website and Facebook page constantly update exchange rates in real time. Consumers can check out the website and Facebook page, which inform them of the latest and best Philippine peso exchange rate.
6. Czarina Foreign Exchange
Facebook: https://www.facebook.com/czarinaforex
Website: http://www.czarinaforex.com/v2/
Availability of the currencies at Czarina Foreign Exchange depends on the branch consumers transact with.
Images: Czarina Foreign Exchange Facebook page
Czarina Foreign Exchange is known as one of the most reputable and leading dealers and best money changers in Manila and throughout the Philippines, operating under the flagship company of the Czarina Group. This best money changer in the Philippines and foreign exchange dealer has become one of the most stable, trusted, and safest money dealers with competitive and high peso exchange rates compared to banks, particularly in Metro Manila. Most of their branches are inside popular malls, aiding customers’ convenience wherever they are in the central city. Czarina Foreign Exchange is one of the biggest remittance companies catering to overseas Filipino workers in Hong Kong.
The money changer trades major international currencies such as US dollars, Hong Kong dollars, Japanese yen, Australian dollars, and Singapore dollars. Services are offered in real-time, and the best money changers in the Philippines do not charge a commission fee.
7. Tivoli Money Exchange
Facebook: https://www.facebook.com/TivoliMoneyExchange
Website: https://www.tivoli.ph/
Tivoli Money Exchange guarantees a worry-free currency exchange experience.
Image: Tivoli Money Exchange Facebook page
Tivoli Money Exchange lets Filipinos exchange any foreign currency at the best Philippine peso exchange rate. This local money changer guarantees the best and most competitive rates for whatever international currency Filipino consumers need to get the most of their international money. This best money changer in Manila and throughout the Philippines was founded in 1983 and is considered a reliable foreign money exchange industry establishment. This best money changer in the Philippines trades the world’s most popular and significant currencies, including US dollars, Saudi riyals, and euros. Tivoli Money Exchange also stands out because it now engages in cryptocurrency, facilitating over-the-counter trading and withdrawals.
Double check the legitimacy of money changers in the Philippines and transact only with reliable and legitimate money-changing establishments. For further reference, you can refer here: https://bit.ly/3fBEbau
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Rates may change without prior notice.
Sources:
[1] https://bit.ly/3Cprfxh
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About Mira Maestrecampo
Mira - with a long surname - is a girl who dreams of becoming a news anchor someday, in God's perfect time. She loves to read books and eat different kinds of cheesy or saucy food. A coffee addict and a dog lover, she loves long hugs, hot coffee on an afternoon break with friends, or simply sleeping all day with her stuffed unicorns.
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