Which is recommended here in Cebu?Licensed Money Changers or Banks for Exchanges

[ray12345]

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Would you recommend me a CEBU Licensed Money Changer or a Bank to Exchange Foreign Currency?

Which is recommended? A local changer or a bank?

Gaisano Metro, SM BDO and Ayala exchanges are really small if you change your foreign currency.
Im am planning to sell my currency to these exchangers. if i buy currency or vice-versa, any other offices you could recommend me for the value of my money?

thanks!

[giddyboy]

Would you recommend me a CEBU Licensed Money Changer or a Bank to Exchange Foreign Currency?

Which is recommended? A local changer or a bank?

Gaisano Metro, SM BDO and Ayala exchanges are really small if you change your foreign currency.
Im am planning to sell my currency to these exchangers. if i buy currency or vice-versa, any other offices you could recommend me for the value of my money?

thanks!

actually, SM BDO, and those in Ayala Metro and the one across Ratsky are OK. it is just a matter of finding which gives u a bit higher exchange rate...otherwise if u want more for your dollar, u can always try the black market.

banks are also best to buy dollars as long as u have an acct there...

another thing is correct timing and looking at forecasts. exchange rate is changing every day.

[ajol]

try at fuente osmena

they have better rates that any of those you mentioned....

banks give you the lowest conversion rate... that is the rule

[giddyboy]

try at fuente osmena

they have better rates that any of those you mentioned....

banks give you the lowest conversion rate... that is the rule

aw o, OK pud sa fuente. pero depende ra gyud bro. usahay mas gmay usahay mas dako ang fuente kaysa Ayala. usahay huna2x pud nimo ang imoha logictics ky basin 0.10 ra ang difference nya imo pa gud pletehan ug ad2. of course, if it involves a bigger amt dili gyud ka mag jeepney lang...hehe

as far as banks are concerned, it is not the rule to give the lowest exchange rates...gina-monitor na cla bro sa Central Bank...banks don't necessarily give u the lowest exchange rate. i've tried PNB & BPI once in awhile and sometimes they give higher rates as compared to any Ayala moneychangers.

kana sab ganing Western Union, if u happen to receive $ from them, taas cla ug exchange rate compared to other moneychangers.

anyways, kung pailis ka ug $100 sa Ayala nya 0.10 cents rate ra ang diperencya sa fuente. sa ato pa P10 ra ang diperencya...imo pa gyud na lisod lisuron imo kaugalingon? hehe

ang never ra gyud nimo pailis is ang Gaisano Countrymall (so far that i knew), nga pwerteng ka grabeh ka barato sa exchange rate. naaway na gud nako sauna ilaha tawo did2...

[ajol]

basta kanang exchange rate sa banks, gaisano metro, ug SM.... mao nay pinaka kataw-anan.... pwerteng ka alkansi...

hastang teller sa bank maka katawa apil.....

[giddyboy]

ngano kataw-anan man bro nga cge man ko pailis sa banko (PNB, BPI, RCBC), SM-BDO, ug kanang sa Ayala Metro ug moneychangers nila nga "fair" ra man? basin sa uban tingali banko? care to elaborate?

AFAIK, if u compare kanang prevailing exchange rates sa internet vs. banks are higher at around 0.30 cents...that's normal.

as i've said earlier, kanang sa Countrymall ra gyud ang way ayo. i dunno if pareha ni cla ka way ayo sa uban like sa Gaisano Main and Gaisano Metro sa Colon.

[ajol]

murag imong pasabot mas lower ang banks dili higher....

BSP(Banko Sentral ng Pilipinas) rate. http://www.bsp.gov.ph/ its says 41.804 as of March 28, 2008

usually ang banks 60-80 centavos lower than BSP rate some banks 1 peso lower... kataw-anan gyud......

SM mall, Gaisano metro.... mao na 60 centavos to 1 pesos lower than BSP rate.....

[giddyboy]

murag imong pasabot mas lower ang banks dili higher....

BSP(Banko Sentral ng Pilipinas) rate.

usually ang banks 60-80 centavos lower than BSP rate some banks 1 peso lower... kataw-anan gyud......

SM mall, Gaisano metro.... mao na 60 centavos to 1 pesos lower than BSP rate.....

yup, BSP rate diay.

naturally, banks are a bit lower than BSP rate ky ila pa man ni duwa-on sa money-market. but 80 centavos difference is way too low and i haven't experienced that in the banks i mentioned...maybe 50-60 lang cguro. unya naa ra gyud ni sa tawo kng mat-an ka or dili.

[ajol]

mao na dira ang kataw-anan..... lagpas kaayo ug Exchange rates..... hapit na ug Tulis

[giddyboy]

mao na dira ang kataw-anan..... lagpas kaayo ug Exchange rates..... hapit na ug Tulis

dili sab ta kaingon nga hapit na tulis oi...we can't blame the difference ky it's natural man. unless, ikaw mismo ang mangunay ug duwa sa money-market...hehe

ako bro, i have already changed a lot of $'s in those banks for almost a decade already...i have no problems with it.

ang mas dako nga blema namong mga exporter & OFW remittance receivers bro is ang exchange rate that rapidly strengthened from 50 to 41, dili ang moneychanger.