Best places to exchange money in Manila - Wise (2024)

Currency exchanges in Manila

We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Manila below.

Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.

Philippine peso rate today

The currency used in Manila, as well as the rest of Philippines is Philippine peso.

However, when visiting a currency exchange shop you will notice they use currency codes. The code for Philippine peso is PHP. Keep an eye out for this if you want to compare exchange rates.

What you should know about exchanging money in Manila

When exchanging money in Manila or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Philippines long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.

1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.

2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.

3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.

4. Use ATMs strategically
Check if your local bank has partnerships in Philippines banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.

5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Philippine peso for a fairer rate and fees. The same applies if you get the option on card machines.

Money exchange at the tip of your fingers

Out with carrying only cash when you're abroad. The world has gone digital and so can you.

With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.

Say goodbye to the analog way. Say hello to Wise

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Please see the Terms of Use for your region or visit for the most up-to-date information on pricing and fees.

Bottom line

As you can see, there are plenty of options for exchanging money in Manila. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.