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Best place to exchange HKD for Philippine Pesos?

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  1. #1

    Join Date
    Sep 2014
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    Best place to exchange HKD for Philippine Pesos?

    Advice please - best/cheapest way or place to get Pesos for Hong Kong dollars. Travelling to Philippines soon and need cash, lots of cash.

    Thank you.


  2. #2

    Join Date
    Mar 2010
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    507

    Worldwide House, Central.

    hullexile likes this.

  3. #3

    Join Date
    Sep 2014
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    Quote Originally Posted by Mary 2:
    Worldwide House, Central.

    Any specific place in there? Also, is there a way to check the rates before going?

    Do they offer better rates than the multitude of exchange places in Chungking mansions?

  4. #4

    Join Date
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    Quote Originally Posted by Mary 2:
    Worldwide House, Central.
    Second that.

    Note that there are limits in place, or at least used to be, on how much in peso you can carry in with you without declaration. Worth checking current rules.

  5. #5

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    Quote Originally Posted by hullexile:
    Second that.

    Note that there are limits in place, or at least used to be, on how much in peso you can carry in with you without declaration. Worth checking current rules.

    Thanks for the heads up on the peso limit. Some quick research led me to this (apparently the limit is 50,000 pesos, or up to USD10,000 (or foreign currency equivalents) :

    https://www.bsp.gov.ph/SitePages/Reg...x.aspx?TabId=3
    hullexile likes this.

  6. #6
    Quote Originally Posted by hk.main:
    (apparently the limit is 50,000 pesos, or up to USD10,000 (or foreign currency equivalents) :
    Interesting - 50k pesos is less than 1k USD ...

  7. #7

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    Quote Originally Posted by Elefant&Castle:
    Interesting - 50k pesos is less than 1k USD ...
    I remember it being 10k peso.

  8. #8

    Join Date
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    Quote Originally Posted by hk.main:
    Thanks for the heads up on the peso limit. Some quick research led me to this (apparently the limit is 50,000 pesos, or up to USD10,000 (or foreign currency equivalents) :

    https://www.bsp.gov.ph/SitePages/Reg...x.aspx?TabId=3
    To correct my mistake, if you are bringing in foreign currency over the limit you need to declare but if you are bringing in too much peso you need written permission from the Central Bank.

    Don't know if Gcash has a limit? Quick and cheap but you might still fall foul of money laundering checks. 50k is fine, 100k they ask questions.

  9. #9

    Join Date
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    Tsuen Wan
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    OR you could remit like Panda Remit
    30K HKD is max though
    Name:  panda.JPG
Views: 74
Size:  49.1 KB


  10. #10

    Join Date
    Sep 2012
    Posts
    38
    Quote Originally Posted by hk.main:
    Advice please - best/cheapest way or place to get Pesos for Hong Kong dollars. Travelling to Philippines soon and need cash, lots of cash.

    Thank you.
    Are you paying a ransom.?

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