How to withdraw money from an ATM in Boracay Island How to exchange money in Boracay Island

Boracay is now in peak tourist season. If you have friends who are going to Boracay, remember to make preparations before going, such as currency exchange or visa application. The editor below will tell you the details of currency exchange.

What currency is used on Boracay

Many people are concerned about whether RMB can be used in Boracay, but in fact it is not. Boracay is an island in the central Philippines, so the Philippine Peso is the local currency. The currency of the Philippines is the peso, with the maximum denomination being 1,000 pence and coins below 10 pence.

How to exchange Boracay currency

The currency exchange rate changes in real time. You can pay attention to the exchange rate before traveling and exchange in advance. The current exchange rate between RMB and Peso is still very good. Generally speaking, the exchange rate of Yuan to Peso is: Manila Airport and Kalibo Airport, China Island. Therefore, the editor still recommends that you exchange U.S. dollars domestically for pesos directly. But you have to do some homework in advance, check the exchange rates of the three currencies, and calculate which one will be more cost-effective. There are also customs regulations that each person cannot carry more than $5,000 in cash or the equivalent of $5,000 in pesos, so large amounts of cash must be distributed as much as possible.

Can I withdraw cash on Boracay?

Yes, UnionPay cards can be used to withdraw money from most ATMs on the island, but the maximum limit for a single transaction is 10,000 pesos, and the maximum number of withdrawals per day is 5 Second-rate. And there is a fee every time you withdraw money. Each transaction will charge a handling fee of 200p. In addition to the handling fee, domestic banks will also charge inter-bank transaction handling fees. The exchange rates of each bank are still different. Then you can choose the appropriate observation point according to the situation. To withdraw cash from an ATM in Boracay Island, you need to refund the card first and then spit out the money, and the airport ATM cash withdrawal is more cost-effective than the exchange rate in Boracay Island. It is recommended to bring VISA, MasterCard and other international credit cards. There are not many stores that accept UnionPay cards.