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Best Exchange Rates in Manila


Finding a bureau de change is never a problem when you’re in Manila. Moneychangers litter the malls and the tourist belt.

Exchanging money in malls

You will likely find a bureau de change in any of Manila’s sprawling shopping centers. It makes sense to change your dollars in the security of these heavily-guarded establishments.

All SM malls (Megamall, Mall of Asia, SM Makati, etc.) have foreign exchange counters. While their rates are reasonable, they reject old bills and will require you go through the lengthy process of writing down the serial numbers of your dollars, one by one.

Czarina (Glorietta 5 Mall and Makati Cinema Square) is known for competitive exchange rates. Sanry’s (Glorietta 2 Mall, Market Market, Cash and Carry, and Guadalupe Commercial Center) is also a good moneychanger, with rates higher than SM.

Moneychangers in Malate

Are you staying in the Malate area of Old Manila? Money changers are lined up side by side on the streets of Mabini and Del Pilar, so it’s easy to compare rates. They offer currency exchange services with lower transaction charges.

Naila’s (1741 A. Mabini Street, Malate) is quite competitive. It’s open from 7:30 am to 8:30pm. Lady Sheena (1542 A. Mabini Street) is also reliable.  

Pawnshop moneychangers

Some pawnshops double offer currency exchange services for selected currencies, typically US Dollars, Euros, and Japanese Yen.

Should you use your ATM instead?

There are ATM machines in almost every street in Manila, so drawing money is always easy. For security, choose an ATM in a bank where the security guard can see you, and transact only during banking hours.

Check your bank’s international withdrawal fees. On average, banks impose a 2% commission on withdrawals made outside the country, plus a flat $2 fee.


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Universal tips that apply when changing money in Manila

Unless you are absolutely desperate, do not use the bureau de change at the Ninoy Aquino International Airport because—like in all other airports anywhere in the world—rates are always bad. If you need money for a taxi going to your hotel, exchange a small amount. Around $15 is enough to get to any hotel in Metro Manila if you are coming from NAIA.

Transaction charges in hotels in Manila are generally high, so avoid changing money in hotels unless you really have no choice.

Related hotels:

The Mabuhay Manor Hotel Pasay City


Bayview Park Hotel Manila


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Great attractions nearby:

Manila Cathedral


San Agustin Museum


Fort Santiago


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