Planning your trip and wondering which currency you need in the Philippines and how much the rates are ?
The currency in the Philippines is the Philippines Peso (PHP) and the Centavo. 100 centavos = P1. Coin denominations are: 1, 5, 10, and 25 centavos, P1, and P5. Bill denominations are 10, 20, 50, 100, 500 and 1, 000 Pesos.
Foreign currency may be exchanged at your hotel, and in most of the large department stores, banks and authorized money changing outlets. Exchanging money anywhere else is illegal and the laws are strictly enforced. Most large stores, restaurants, hotels and resorts accept major credit cards including American Express, Visa and Master Card. Traveler’ s checks preferably American Express are accepted at hotels and large department stores. Personal checks drawn on foreign banks are generally not accepted.
Check here the currency converter into the Philippines peso. (rates change daily)