Currency in Bohol

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The official currency of the Philippines is the Philippine peso (PHP). The symbol for the peso is ₱. Coins come in denominations of 10, 25, 50 centavos, and 1, 5, 10, 20, and 50 pesos. Banknotes come in denominations of 20, 50, 100, 200, 500, and 1,000 pesos.

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You can exchange your currency for PHP at banks, hotels, and exchange bureaus. There are also many ATMs in Bohol where you can withdraw cash using your debit or credit card.

The exchange rate for the Philippine peso fluctuates, but it is generally around ₱50 to US$1.

Tipping in Bohol

Tipping is not mandatory in the Philippines, but it is customary to tip service providers such as waiters, taxi drivers, and tour guides. A tip of 10-20% is considered appropriate.

Where to change money in Bohol

You can exchange your currency for PHP at banks, hotels, and exchange bureaus. There are also many ATMs in Bohol where you can withdraw cash using your debit or credit card.

Here are some of the best places to exchange money in Bohol:

  • Banks: Banks are the most secure place to exchange money, but they may not offer the best exchange rates.
  • Hotels: Hotels often have exchange bureaus on-site, but their rates may be higher than banks.
  • Exchange bureaus: Exchange bureaus are typically found in tourist areas and offer a wider variety of currencies than banks or hotels.
  • ATMs: ATMs are a convenient way to withdraw cash, but they may charge a fee for each transaction.

Tips for exchanging money in Bohol:

  • Compare exchange rates before you exchange money. You can do this online or by asking around.
  • Beware of scams. There have been reports of people being scammed when exchanging money in the Philippines. Be sure to only exchange money with reputable establishments.
  • Keep your receipts. This will help you track your spending and make it easier to exchange your money back to your home currency when you leave the Philippines.

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