Philippine Peso (P) = 100 centavos. Notes are in denominations of P1000, 500, 100, 50, 20, 10 and 5. Coins are in denominations of P5, 2 and 1, and 50, 25, 10 and 5 centavos.

Always use authorised money-changers or banks in Manila. Outside the capital there is a shortage of facilities for changing foreign currency and rates may get progressively worse the further one goes from the city. It is advisable to carry a sufficient amount of Philippine pesos when travelling to other provinces.

American Express, Diners Club, MasterCard and Visa are widely accepted in major establishments throughout the big cities of the Philippines. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques and major foreign currency may be cashed in all commercial banks and Central Bank dealers. They are also accepted in most hotels, restaurants and shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars.

1 U.S dollar = Philippine peso 55.78
1 Australian dollar = Philippine peso 26.38
1 Euro = Philippine peso 46.21
1 Japanese yen = Philippine peso 0.42
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