Where to exchange money in Cebu City
If you’re planning a trip to Cebu City, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Cebu City. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
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Currency exchanges in Cebu City
If you have a need to use cash, here are some recommendations to exchange foreign currency in Cebu City.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Portside Money Changer | Inside Passenger Terminal 1, Cebu Port Authority Brgy, Cebu City, 6000 Cebu, Philippines | +63 968 882 8878 |
| SLB Money Changer | Benigno Du Building, Fuente Osmeña Cir, Cebu City, 6000 Cebu, Philippines | +63 32 254 5580 |
| Mim's Money Changer | Gorordo Ave, Cebu City, 6000 Cebu, Philippines | +63 32 412 2240 |
| Vhez Money Changer | 7VWX+VX8 Colonnade Mall, 90 Colon St, Cebu City, 6000 Cebu, Philippines | +63 32 253 0658 |
| Drop-By Foreign Exchange | 110, Doña Luisa Building, Fuente Osmeña Cir, Cebu City, 6000 Cebu, Philippines | +63 32 255 0043 |
| Alco Credit And Foreign Exchange, Inc. | 298 F. Ramos St, Cebu City, 6000 Cebu, Philippines | |
| M.S. Money Changer | Robinson's Place, Santa Cruz, Cebu City, Osmena Boulevard, Cebu City, 6000 Cebu, Philippines | +63 32 255 8992 |
| Centro Money Changer | 282 F. Ramos St, Cebu City, 6000 Cebu, Philippines | |
| Core Pacific Money Changer | The Walk, Abad St, Cebu City, 6000 Cebu, Philippines | +63 32 412 1521 |
| GPC Money Exchange Fuente Osmeña Circle | Rajan Park Building, Fuente Osmeña Cir, Cebu City, 6000 Cebu, Philippines | +63 32 412 5001 |
| Foreign Exchange | One Pavilion Mall, 22 R. Duterte St., Banawe, Cebu City, 6000 Cebu, Philippines | +63 32 239 8888 |
| Money Changer | 82 N Escario St, Cebu City, 6000 Cebu, Philippines | +63 32 511 2523 |
| Ask Money Changer | A. S. Fortuna St, Mandaue City, 6014 Cebu, Philippines | +63 926 591 1888 |
| Sandpearl Foreign Exchange | Colonade Mall, Oriente Colon Street, Cebu City, Cebu, 7VWX+PW9, Cebu City, 6000 Cebu, Philippines | +63 32 253 9922 |
| AGPC Money Changer - Cebu City Branch | 280-A, Ground Floor, Food Saversmart, General Maxilom Ave, Cebu City, 6000 Cebu, Philippines | +63 32 412 6869 |
| Yong Yong Money Changer | 2713 Juan Luna Avenue, Cebu City, 6000 Cebu, Philippines | +63 32 319 1111 |
| Core Pacific Money Exchange Ayala Center | 3rd Level, ayala center cebu, Cebu City, 6000 Cebu, Philippines | +63 32 415 5263 |
| Cebu Exchange Tower | Cebu Exchange Tower, Salinas Dr, Cebu City, 6000 Cebu, Philippines | +63 977 837 2128 |
Philippine peso rate today
The currency used in Cebu City, as well as the rest of Philippines is Philippine peso.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for Philippine peso is PHP. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Cebu City
When exchanging money in Cebu City or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Philippines long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Philippine pesos for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Philippines banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Cebu City. 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.