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Should I exchange Philippine Peso to US Dollars in the Philippines before going to Thailand for better rates?

Money Transfers Currency Exchange Philippines Thailand Thai Baht Philippine Peso Expat Tips Superrich Exchange Travel Finance

Aug 26, 2024

6 months ago

ORIGINAL POSTER

Hello….

Not visa related but an inquiry involving money transfers.

I am currently living in the Philippines and hold some Philippine Peso.

I was wondering if it would be better to exchange here for US Dollars and bring them with me instead of peso….not sure as means exchanging twice !!

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TLDR : Answer Summary

The inquiry involves whether it's beneficial to exchange Philippine Pesos (PHP) for US Dollars (USD) in the Philippines before traveling to Thailand, or to exchange directly to Thai Baht (THB) upon arrival. Comments suggest that converting to USD in the Philippines may yield better rates for THB, as PHP rates are generally poor in Thailand. Users recommend checking current exchange rates using services like Superrich and advise against multiple exchanges to avoid losses. Some also offer personal exchanges at mid-exchange rates.

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Andy ************

When are you coming. I'd be happy to buy pesos off you and give you Thai Baht at the current mid-exchange rate, currently 100 PHP = 60.57 THB

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Neil ********

ORIGINAL POSTER

@Andy ***********

hello and thank you for your offer.

I fly into Bangkok on the 13th September but unfortunately heading straight to HuaHin.

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Andy ************

Ok. No worries. Keep it in mind should you come again and spend any time in Bangkok. Unfortunately I don't know anyone permanently in Hua Hin as they could have done the deal

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Neil ********

ORIGINAL POSTER

@Andy ***********

thanks again a shame as I spent some time in Bangkok on my last visit a few weeks ago….this time I hope to avail the retirement visa….i might just bring the peso with me and hang onto them 👍😁

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Neil ********

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Gailie *******************

I bring pesos to Thailand. I usually check rates at the superrich site before I go so that I know what the going rate is.

***************************************

Also I found that the Superrich outlet in The Market (across Central World) has better rates as compared to other Superrich outlets.

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Neil ********

ORIGINAL POSTER

@Gailie ******************

thank you for this information…much appreciated 👍

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Steve **********

@Gailie ******************

Superrich is best if dealing with a lot of currency. Talk to girl for better rate, she'll call gal in Japan, it you have cash in hand you can get better than advertised rate.

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Steve **********

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Jenny ******

Some exchange places won't even take pesos

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Neil ********

ORIGINAL POSTER

thank you for your info

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Neil ********

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Pat ********

Yes, exchange to U.S. dollars in the Philippines or you will lose significantly when buying baht.

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Neil ********

ORIGINAL POSTER

thank you…this seems to be the general consensus 😁

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Neil ********

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John ********

Yes do that. The PHP rates are bad in Thailand

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Neil ********

ORIGINAL POSTER

thank you…I was guessing that they might be.

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Neil ********

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Phil ******

Do due dilligance and check exchange rate straight to Thai baht there. Don't exchange twice. Use Superich as a pointer here but bills need to be perfect

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Steve **********

good advise.

$ exch not good now however.

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Neil ********

ORIGINAL POSTER

thanks for your reply to my query.

I live on an island and even the big malls don’t exchange peso to dollars let alone Baht.

And banks would be the only option to get dollars…so this was why I was thinking just to maybe bring the peso.

I did change in Manila once but will be flying direct this time 😕👍

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Phil ******

ok but you must fly through a big city to get to Thailand so lookup their websites and find the best one first

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Phil ******

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