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This post's original body text:

what are the process/what ang need ibring?

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what are the process

Pumunta sa pinakamalapit na money exchange.

what ang need ibring?

Yung dollar na ipapapalit mo.

I always exchange mine back to USD regardless of what foreign currency it is, never to peso.

I opened a USD Savings account in BPI and store it there. I’ve accumulated enough for it to be my emergency stash.

I usually sell it sa mga FB travel groups (e.g. Japan for Dunmies, Taiwan for Dummies) for the same exchange rate I got it.

Never exchange currencies at the airport. Always mas mababa rate kesa within the city cause no choice na mga tao. If babalikan mo pa ung country na yan, why not keep it for the next trip? Pero if significant naman then papalit mo n lng pag balik sa Pinas.

Straight into my money collection (kahit 1k HKD)

I just keep it for future use.

Bring Peso exchange inside Mirador Mansion, Best Money Change pangalan. Bring 500HKD para may magamit kayo sa airport.

On my last HK travel, hindi ako nagdala ng any HKD/USD. Saka lang ako nag withdraw (GoTyme) pagdating dun, sa airport ATMs. Nakulangan ako nung last day pambili ng pasalubong. Nagpaconvert ako sa baba ng Mirador mansion (PHP>HKD). Di na ako nag compare ng rates, dahil sa tingin ko, minimal lang naman ang difference.

Use cards! I used gotyme in every transaction, loved it bc I was able to keep track of my spending as well. And the conversion is low.

You can use cards

Backup of the post's body: Hello po ask ko lang po if mas maganda po mag pa exchange or withdraw po using bank? Can you recommend money exchangers as well.

Thank you!

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As far as I know Meron sa banks, but you have to “order” them. Example you ordered today, then sabihin nila na they’ll get it 2 days after pa. The exchange rate is when you “buy” it from them not the date you ordered.

The weird thing is you can't buy dollars from BDO for investment, kahit sa dollar funds ka nila magiinvest. Not sure if it's the same for other banks.

You can try comparing in currency exchanges in Malate area. Recommended is in Niko or Good Rate. Whenever I have to buy a currency for travel purposes, I usually go to these 2. Been a customer for years.

The more obscure the currency, the more you'll pay to get it before you arrive.

Seriously I have not gotten currency before arriving somewhere in at least 30 years, and I travel to a lot of countries every year. I don't see any possible point to it. It's a lose-lose. Bring some of your home currency as backup to exchange if you need to, and primarily rely on your ATM card.

Take out a fee $US hundred dollars at the airport before you depart, hide it.

I do $600US. This saved my ass when I lost my wallet in Paris because I am a muppet.

Take out local currency at an ATM upon arrival

Your bank should be able to get it for you!

Just withdraw PHP from an ATM after you arrive.

Use ATM, you can withdraw in the airport or anywhere. There's an ATM in 7eleven called 7 bank, though there's a fee upon withdrawal. Make sure you select the JPY instead of your location currency for a lower fee.

Use ATM, use GCash card.

Use goTyme if you have one. If you don’t have one get it sa pinaka malapit na robinsons sayo. It’s very convenient tapos low conversion. 🤓

Lagi kaming ATM

dont withdraw in the airport, mag 7/11 or ang convenience store

i always use my fidelity debit card to get cash from ATM's in the PH. no fee and best exchange rate

Vasu exchange on Sukhumvit has very good rates for buying pesos.

Don’t exchange thb for php that’s hustling backwards. Bring usd or wise app yourself php

Definitely don't bring baht here. ATM will charge you P200 per withdrawal with a foreign card, maximum 10,000 per withdrawal. This is in addition to whatever usually unfavorable exchange rate your bank will charge you.

Superrich usually has some peso available, including the one at the lower level of Suvarnabhumi, but it's hit or miss.

If in an urban area use your credit card in local currency. In the rural/urban areas you can use wise/wealthsimple for ATMs if you can find any that work. Alternatively and what I do is just Remitly myself. A million places to pick it up and the exchange rate and fees are better than any ATM.

Said this before and will say this again. DONT HEAVILY RELY ON YOUR CARD ONLY.

Magpapalit ng kaunting yen dito (10k pesos) tas the rest, dun ka na magwithdraw. Wag ka makinig sa mga nagsasabing just depend on your CARD

Withdraw in an ATM

Much better if you have the gcash card. They have pretty good rates when you withdraw via atm.

i use charles schwab debit card for no fee atm.

Some ATMs have a limit of ₱10,000 per transaction, AND a ₱250 fee for each one, so using a debit card is probably the worst way to get cash. Here's what I do. I use an app called Remitly, and send myself funds that I can pick up myself at for example, a Palawan shop, and that limit is ₱100,000 for almost the same fee of a single ATM transaction. I've also brought USD with me but it makes me nervous carrying it, and, all the bills need to be perfectly clean, uncreased, etc. or some exchanges won't accept them. Anyway good luck and hope this helps.

A question for those using Charles Schwab. I have read many times in the past that Charles Schwab will close your accounts if they find out you live in the Philippines. Is this still correct?

Get a Wise card. Great FX rates. If you qualify, open a Schwab account to get worldwide ATM fee reimbursement.

I bring some cash, exchange at wet market currency dealers can be at excellent rates (Imus in Cavite as one example).

Luckily I have step-kids there and can send them funds with Remitly to Gcash and they pass on the cash to me (costs me a donut in exchange rates 😉).