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Money & Foreign Exchange

Currency is the peso, which can be divided in 100 Centavos. Notes of 10, 20, 50, 100, 200, 500 and 1000 pesos are in circulation and coins are to 1, 5, 10, 25 and 50 Centavos as well as 1, 2, 5 and 10 Pesos.

You should change your foreign exchange only in the Philippines, e.g. right after arrival in the airport, by one of the recognized banks or mony changer. Do change only a small amount which is good for the next 2 or 3 days to get along. Usually we recommend 100,00 EURO.

For the sake of simplicity your foreign currency can be changed as well at the administration of Naval Diving.

The exchange rate corresponds to the same amount as granted of a central bank in the Philippines or at the international airport in CEBU. We don't charge any additional fees.

Visitors entering the Philippines with more than 3,000,00 US$ are requested to declare the amount at the central bank in the arrival hall of the airport.

The amount of the foreign currency by departure may not exceed under any circumstances the amount entering the Philippines. Your are kindly ask to keep all certificates of conversion as official vouchers. Passengers leaving the country may not keep any more than 1,000 Phil. Peso by themselves.

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