You can change money at the airport but the exchange rate is much lower there than in the city. I recommend only changing as much as you need to get you by until you are able to convert the rest of your money with a better rate in the city. There is a very safe, licensed and professional money exchanger with more reasonable exchange rates in every...

You can change money at the airport but the exchange rate is much lower there than in the city. I recommend only changing as much as you need to get you by until you are able to convert the rest of your money with a better rate in the city. There is a very safe, licensed and professional money exchanger with more reasonable exchange rates in every SM Mall Department Store. Just go to any SM Mall, find the SM Department Store and ask an employee where the money exchange counter is.

Bring your passport. Also, nearly all money changers require you to fill out a form. Do this before you get in line. You will have to write the serial number for every bill you're going to exchange onto the form as well as your name, passport number, address, telephone number and other personal information. You must show them your passport and give them the address of where you're staying and your telephone number or else they won't let you change your money.

Not all currencies are accepted. For instance, you can not exchange Korean won anywhere in the Philippines. So, you may have to buy U.S. dollars in your own country before you travel to the Philippines. Do NOT buy Philippine pesos in your home country. The exchange rate is HALF of what you get here in the Philippines. Buy U.S. dollars instead and exchange the dollars for pesos here in the Philippines. Here are a list of currencies most commonly accepted by banks and large money changers in major cities of the Philippines:

U.S. Dollar (USD)
Australian Dollar (AUD)
Canadian Dollar (CAD)
Hong Kong Dollar (HKD)
British Pound (GBP)
Japanese Yen (JPY)
Saudi Arabian Riyal (SAR)
Singapore Dollar (SGD)
Taiwan Dollar (TWD)
Thai Baht (THB)

Keep in mind that even if your currency is listed here, if you're going to travel outside Manila, the U.S. dollar is the easiest currency to exchange throughout the Philippines.