Originally Posted by esv1226
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.