Where to exchange money in Panglao
Are you heading to Panglao? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Panglao that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Panglao
Are you heading to Panglao? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Panglao that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Panglao
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Panglao.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| MJC MONEY CHANGING SERVICES | Alona Beach Rd, Panglao, Bohol, Philippines | +63 930 671 9597 |
| Currency exchange | HR73+R6H, Panglao, Bohol, Philippines | |
| Isle Currency Exchange | HQ2C+5VH, Panglao, Bohol, Philippines | |
| Mlhuillier | HQ2C+8C9, Hontanosas, Panglao, 6340 Bohol, Philippines | +63 38 502 8814 |
| Sunshine money exchange | HQ2C+5VH, Panglao, Bohol, Philippines | |
| Palawan Pawnshop - Cherry's Home Branch | HQ2F+Q47, Panglao, Bohol, Philippines | +63 917 928 1381 |
| Bank Of The Philippine Islands | Alona, Entertaiment Village, Alona Beach Rd, Panglao, 6340 Bohol, Philippines | +63 38 502 8977 |
| Tourist Center | GQXC+FP5, Alona Beach Rd, Panglao, 6340 Bohol, Philippines | +63 38 502 9488 |
| BDO Bohol - Panglao Branch | G/F Units 1-5, Henann Resort Commercial Bldg Island, Anos Fonacier Circumferential Rd, Brgy, Panglao, Bohol, Philippines | +63 38 422 8622 |
| Freediving in Panglao | Blue Freedom Apnea | Panglao Chocolate hills Resort Purok 2, Panglao, 6339 Bohol, Philippines | +63 960 885 5144 |
| Xoom Money Transfer - BPI Panglao | Tawala, Alona, Panglao, 6340, Bohol, Panglao, Bohol, Philippines | +63 38 502 8977 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Philippine peso rate today
When you're in Panglao, and also the rest of Philippines, the official currency is the Philippine peso.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Philippine peso is PHP, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Panglao
You can follow a few simple tips which could help save money when exchanging currency in Panglao. By increasing your awareness you can be better prepared for currency exchanges wherever you are.
1. Beware of 'zero fee' services
Some services will claim 'no commission'. This can be misleading as they will often have hidden a markup by offering you a worse exchange rate.
2. Know the current exchange rate
Be familiar with the current exchange rate to help identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
The convenience of exchanging currency at airports and hotels often comes at a price. That price will come as poor exchange rates and high transaction fees. Try to use this as a last resort.
4. Avoid scams
Be cautious of street vendors or unofficial exchange services that may offer seemingly attractive rates. Stick to recognised establishments to avoid falling victim to scams or fraudulent practices. Your financial security should always be a top priority.
5. Opt for local currency
When using an ATM abroad, pick the option to be charged in Philippine pesos for a fairer rate to avoid undisclosed exchange rates. Picking the local currency will almost always be cheaper.
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.
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Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Panglao. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.