Comments on: Where Will The Dollar Go http://cebuexperience.com/living-in-the-philippines/expats-in-the-philippines/expat-finances/where-will-the-dollar-go/ Living In Cebu, Philippines Fri, 10 Sep 2010 02:40:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Joe Expat http://cebuexperience.com/living-in-the-philippines/expats-in-the-philippines/expat-finances/where-will-the-dollar-go/comment-page-1/#comment-1999 Joe Expat Thu, 12 Mar 2009 07:54:31 +0000 http://heyjoe.ph/?p=1310#comment-1999 I get top dollar based on the exchange rate. That's what I mean, the high end of the exchange rate. I saw a sign up for foreign exchange. Pretty primitive sign, I'd be surprised if there were none though. Don't remember where I saw it, not exactly. I don't think it is still there. I didn't realize they were black market, I thought they were working in futures. I don't know much about it. No P10,000 is not a lot of money and that's why its too expensive to use. That wont even pay my rent. I get top dollar based on the exchange rate. That’s what I mean, the high end of the exchange rate.

I saw a sign up for foreign exchange. Pretty primitive sign, I’d be surprised if there were none though. Don’t remember where I saw it, not exactly. I don’t think it is still there.

I didn’t realize they were black market, I thought they were working in futures. I don’t know much about it.

No P10,000 is not a lot of money and that’s why its too expensive to use. That wont even pay my rent.

]]> By: Christine http://cebuexperience.com/living-in-the-philippines/expats-in-the-philippines/expat-finances/where-will-the-dollar-go/comment-page-1/#comment-1998 Christine Thu, 12 Mar 2009 03:32:49 +0000 http://heyjoe.ph/?p=1310#comment-1998 So there are money changers in Bogo? Last year wasn't a problem because we had to go to my dentist in Cebu every 2-3 days. My brother took me to a blackmarketer who was offering like 1-2Php more than SM. Thanks for the tip, I'll have to think of something else re-currency. Php10,000 is not a lot, and besides, Bogo is about 30mins from my brother's place. I might consider bank transfer before we actually set off. BTW, how come you're getting top dollar regardless of the exhange rate? So there are money changers in Bogo? Last year wasn’t a problem because we had to go to my dentist in Cebu every 2-3 days. My brother took me to a blackmarketer who was offering like 1-2Php more than SM. Thanks for the tip, I’ll have to think of something else re-currency. Php10,000 is not a lot, and besides, Bogo is about 30mins from my brother’s place. I might consider bank transfer before we actually set off. BTW, how come you’re getting top dollar regardless of the exhange rate?

]]> By: Joe Expat http://cebuexperience.com/living-in-the-philippines/expats-in-the-philippines/expat-finances/where-will-the-dollar-go/comment-page-1/#comment-1997 Joe Expat Thu, 12 Mar 2009 00:39:02 +0000 http://heyjoe.ph/?p=1310#comment-1997 I've never gone to a money changer in Bogo. I have only Peso here. When I get my money via ATM I get top dollar whatever is the current rate. I usually use remit home to transfer money and the rate they give is generally 1 peso below the bank rate but the fees are low enough to make it the better than ATM. In some areas, one can get P20,000 per transaction but in most of Cebu and in Bogo City, ATMs are limited to P10,000. Hmm, I wonder how I'm going to change to Thai currency when I go there. I’ve never gone to a money changer in Bogo. I have only Peso here. When I get my money via ATM I get top dollar whatever is the current rate. I usually use remit home to transfer money and the rate they give is generally 1 peso below the bank rate but the fees are low enough to make it the better than ATM.

In some areas, one can get P20,000 per transaction but in most of Cebu and in Bogo City, ATMs are limited to P10,000.

Hmm, I wonder how I’m going to change to Thai currency when I go there.

]]> By: Christine http://cebuexperience.com/living-in-the-philippines/expats-in-the-philippines/expat-finances/where-will-the-dollar-go/comment-page-1/#comment-1996 Christine Wed, 11 Mar 2009 08:37:32 +0000 http://heyjoe.ph/?p=1310#comment-1996 What is the exchange rate in Bogo? I imagine they would be a lot lower than the city? What is the exchange rate in Bogo? I imagine they would be a lot lower than the city?

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