Money Changers and Malls with Best Exchange Rates in Metro Manila

The official currency used in the Philippines is the Philippine Peso (PHP). Peso bills are issued in denominations of 20, 50, 100, 200, 500, and 1000 pesos. 1 peso is equivalent to 100 centavos. Coins are available in 5, 10, and 25 centavos, plus 1, 5, and 10 pesos.

Exchanging money in Metro Manila is pretty convenient. Aside from banks and ATMs, you can find plenty of money changers in major commercial areas and inside shopping malls.

The best place to exchange money in Metro Manila is Mabini Street in Ermita district of Manila. This street houses a large number of forex shops, which are located close to each other. These money changers offer very competitive rates and their rates are always the best in the market.

The list also includes shopping malls that offer currency exchange services. Exchanging currencies in the malls are considered to be safer and more convenient for some travelers.

See also: 10 Best Souvenirs That Show Off The Spirit Of Manila

Most of the money changers in Manila are located in Ermita district. Those found along Mabini Street close very late.

Among them, Moonlight Money Changer is highly praised for its good rates and friendly service.

If you need to exchange currency at odd hours (midnight for example), you can use the service of Edzen Money Changer, which opens until 02:00am every day.

 Recommended money changers
1) Moonlight Money Changer

• Located near Ermita Church, just 1 minute away from City Garden Suites
• Address: 1190 Mabini St., Ermita, Malate, Manila, Metro Manila
• Phone: +63 2 524 3405
• Opening hours: Daily 09:00 – 20:00

2) Edzen Money Changer

• This shop is just a short walk from Robinsons Place Manila
• Address: 1511, A. Mabini Street, Ermita, 1st District, Ermita, Manila, 1000 Metro Manila
• Phone: +63 2 522 1519
• Opening hours: Daily 08:00 – 02:00

3) Nailas Money Changer

• Located across Red Planet Ermita
• Address: 1741 Mabini St, Malate, Manila, 1004 Metro Manila
• Phone: +63 2 525 2307
• Opening hours: Daily 07:30 – 21:00
• Daily rates: http://www.nailasmoneychanger.com/

4) Sheeha Money Changer

• Located beside Edzen Money Changer, across Silver Oaks Suites
• Address: 1529 Mabini St, Malate, Manila, 1001 Metro Manila
• Phone: +63 2 708 5890
• Opening hours: Daily 08:00 – 24:00

5) Moromax Exchange

• Located inside Robinsons Place Mall
• Address: 4^th Level Robinsons Place Manila, Padre Faura St, Ermita, Manila, 1000 Metro Manila
• Phone: +63 2 353 3849
• Opening hours: Sun to Thu 10:00 – 21:00, Fri & Sat 10:00 – 22:00

Makati, the financial center of The Philippines, is another good place to exchange money in Manila.

Czarina Foreign Exchange and Sanry’s are two of the most popular money changers in Makati. They have several branches in the area and the most accessible ones are listed below.

Recommended money changers
1) Czarina Foreign Exchange – Main office

• This office is just a 1-minute walk from the Ninoy Aquino Monument
• Address: Unit 1412, Tower One & Exchange Plaza, Ayala Ave. 1226, Makati, Metro Manila
• Phone: +63 2 848 6112
• Opening hours: Mon to Sat 10:00 – 20:00, Sun 12:00 – 18:00

2) Czarina Foreign Exchange – Glorietta branch

• Located at the 3rd Level of Glorietta 1 mall
• Address: Unit 3-077, 3F Glorietta 1, Ayala Center, Makati, Metro Manila
• Phone: +63 2 812 7060
• Opening hours: Daily 10:00 – 19:00

3) Czarina Foreign Exchange – Pasong Tamo branch

• Located at Makati Cinema Square
• Address: Unit 15, Upper Ground Floor, Makati Cinema Square, Pasong Tamo, Makati, Metro Manila
• Phone: +63 2 811 1691
• Opening hours: Monday to Friday 10:00 – 18:00

4) Sanry’s Money Changer – Link branch

• Located inside the Link Building, at the southeast side of Shangri-La Hotel
• Address: 2F Link Building, Ayala Center, Makati, 1226 Metro Manila
• Phone: +63 2 856 5249
• Opening hours: Mon to Fri 11:15 – 20:00, Sat & Sun 09:00 – 16:00

5) Sanry’s Money Changer – Glorietta 5 branch

• Located inside Glorietta 5 mall
• Address: L2, G5-212, Glorietta 5, Ayala Ave, Makati, Metro Manila
• Phone: +63 2 893 8520
• Opening hours: Sun to Thu 10:00 – 21:00, Fri & Sat 10:00 – 22:00

Majority of the money changers in Quezon City can be found at the Araneta Center in Cubao, which is the central business district. Some of the forex shops are located inside the malls and are open every day.

Recommended money changers
1) Czarina Foreign Exchange – Farmer’s Plaza branch

• Located inside Farmer’s Plaza in Cubao, near Araneta Coliseum
• Address: G/F New Farmer’s Plaza, Gen. Roxas St., Araneta Center, Cubao, Quezon City, Metro Manila
• Phone: +63 2 913 3808
• Opening hours: Monday to Saturday 10:00 – 19:00, Sunday 10:00 – 18:00

2) Czarina Foreign Exchange – Ali Mall branch

• Located inside Ali Mall beside SM Mall Cubao
• Address: LG018 Lower Ground Floor, Ali Mall, Araneta Center, Cubao, Quezon City, Metro Manila
• Phone: +63 2 709 2759
• Opening hours: Monday to Friday 10:00 – 20:00

3) Emerald Money Changer

• Located across Farmers Plaza Cubao, near Araneta Coliseum
• Address: G-5, Opulent Building, 65-66, General Roxas Avenue, Socorro, District 3, Cubao, Quezon City, 1109 Metro Manila
• Phone: +63 2 913 2906
• Opening hours: Monday to Saturday 9:00 – 18:00

4) Core Pacific Money Exchange

• Located inside Shopwise beside Araneta Coliseum
• Address: Shopwise, Gen. Aguinaldo Ave, Cubao, Quezon City, 1109 Metro Manila
• Phone: +63 923 391 4664
• Opening hours: Daily 09:00 – 23:00*

5) Bamboo City Money Changer

• Located at the Kia Theater building, just a short walk from the Araneta Center MRT station
• Address: Ground Floor, Sampaguita Building, Araneta Center, Roxas Street, Second District, Cubao, Cubao, Quezon City, 1100 Metro Manila
• Phone: +63 2 911 7876
• Opening hours: Daily 09:00 – 18:00

If you want more safety and convenience in exchanging your money, do it at the malls. Those malls offering this service often have their own business centers that are the counters for transactions.

Among them, SM Mall is a reliable shopping center providing people with currency exchange service. They mainly deal with US Dollars but other currencies are also accepted in some branches. Call first to know if your currency is among those.

Note that not all SM Mall branches have a business center for this. Refer to the list below to know exactly which SM Mall include currency exchange in their service.

Recommended branches
1) SM Business Service Center @ SM Mall of Asia

• Address: SM Mall of Asia, Seaside Blvd., Pasay City, Metro Manila
• Phone: +63 2 5560680
• Opening hours: Daily 10:00 – 22:00

2) SM Business Service Center @ SM Manila

• Address: Natividad Almeda-Lopez corner A. Villegas and San Marcelino Streets, Ermita, Manila, Metro Manila
• Phone: +63 2 5236855
• Opening hours: Daily 10:00 – 21:00

3) SM Business Service Center @ SM North EDSA

• Address: Level 2 SM North EDSA, North Avenue corner EDSA, Quezon City, 1100 Metro Manila
• Phone: +63 2 9296688
• Opening hours: Sun to Thu 10:00 – 21:00, Fri & Sat 10:00 – 22:00

4) SM Business Service Center @ SM South Mall

• Address: Alabang-Zapote Road, Pilar Village, Almanza Uno, Las Piñas, Metro Manila
• Phone: +63 2 8000447
• Opening hours: Daily 10:00 – 21:00

5) SM Business Service Center @ SM Sucat

• Address: Dr. Santos Ave. corner Carlos P. Garcia Avenue Extension, San Dionisio, Parañaque City, Metro Manila
• Phone: +63 2 8298816
• Opening hours: Daily 10:00 – 21:00

Robinsons Mall is another shopping mall operator in Metro Manila that offers currency exchange services. Robinsons Business Centers, where the transactions done, are usually located inside Robinsons Department Stores within the malls.

Robinsons Business Center accepts the following currencies: USD, EUR, AUD, SGD, CAD, JPY, GBP, HKD, and SAR.

Robinsons Mall branches can be found in tourist and commercial areas like Manila, Ortigas, and Quezon City.

Recommended branches
1) Robinsons Business Center @ Robinsons Galleria Ortigas

• Address: EDSA corner Ortigas Ave., Ortigas Center, Quezon City, Metro Manila
• Phone: +63 2 631 7372
• Opening hours: Sunday to Thursday 10:00 – 21:00,
• Friday & Saturday 10:00 – 22:00

2) Robinsons Business Center @ Robinsons Place Manila

• Address: Padre Faura St, Ermita, Manila, Metro Manila
• Phone: +63 2 310 3333
• Opening hours: Sun to Thu 10:00 – 21:00, Fri & Sat 10:00 – 22:00

3) Robinsons Business Center @ Robinsons Magnolia

• Address: Aurora Blvd., Corner Dona Hemady Street, Quezon City, 1111 Metro Manila
• Phone: +63 2 961 5250
• Opening hours: Sun to Thu 10:00 – 21:00, Fri & Sat 10:00 – 22:00

4) Robinsons Business Center @ Forum Robinsons Pioneer

• Address: 30 EDSA corner Pioneer St., Mandaluyong City, Metro Manila
• Phone: +63 2 398 8058
• Opening hours: Daily 10:00 – 21:00

5) Robinsons Business Center @ Robinsons Metro East

• Address: Marcos Highway, Pasig City, Metro Manila
• Phone: +63 2 249 0451
• Opening hours: Daily 10:00 – 21:00