In
Coron as well as in the rest of Palawan, - except the provincial Capital
Puerto Princesa - it can become a big problem for if you have only credit
cards, travellers cheques or foreign currencies. Paying by credit card
is no problem in Manila, but in Coron and most other parts of the Philippines
it is either impossible to use them or it will cost you between 6% and
20% surcharge.
At KokosNuss Resort you can exchange or pay by US$ Dollars, Euro, US$
travelers cheques, but the exchange rate is lower than in Manila. Credit
card handling is always difficult in an area, where such things as telephones
sometimes don´t work. The only bank in Coron - a branch of the Landbank
of the Philippines - can only exchange US$ for you but doesn´t offer
any international ATM service or credit card encashments. We recommend
you to bring only Philippine Pesos to Coron.
In Manila you get the best exchange rates. Some money
changers also accept travelers cheques. If somebody approaches you on
the street and offers you the best exchange rates, please do not trust
him. A trusted money changer is for example the "GOOD RATE"
or "EDZEN" in Mabini Street, Ermita. The safest way is still
to change at your hotel in Manila or at the international Airport.
www.oanda.com:
Convert your currency into Philipine Pesos.
www.inq7.net:
Current Pesos/USD exchange rate and philippine news website.
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