Has anyone wired large sums of money to Philippines? - View Single Post
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Old 9th February 2019, 12:24 PM
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Users Flag! Originally from england. Users Flag! Expat in philippines.
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Quote:
Originally Posted by esv1226 View Post
When we travel to USA (or other countries) we take dollars with us - no conversion from pesos to US dollars. When we arrived in 2012, the exchange rate was USD1 = PhP38. If we had our money in pesos, we could have incurred some losses.
If you need $ for overseas travel, could not you just take it straight from your US account? Just asking. Hadn't realised that the $ had ever been that low, but again, hence the advantage of transferring a large sum when the rate is high.
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