The Philippine peso (PHP) remains essential for travelling in the Philippines, where cash still dominates across most of the islands. Exchange your euros ahead of time at Paris Change, commission-free.
The Philippine peso (PHP) at a glance
The Philippine peso, whose symbol is ₱ and international code PHP, is the official currency of the Republic of the Philippines. It is divided into 100 sentimos (cents). Banknotes in circulation generally range from 20 to 1,000 pesos, while coins cover small everyday amounts. Unlike some currencies in the region, the Philippine peso floats freely against the euro: its value moves every day according to the markets. There is therefore no fixed parity with the euro, and the rate displayed in-store varies from one day to the next.
For this reason, it is better to check the day's rate before heading out rather than relying on a fixed value. You can find all of our available currencies and prepare your exchange transaction in advance.
Why cash is king in the archipelago
The Philippines is an archipelago of more than 7,000 islands. As soon as you move away from major centres like Manila, Cebu or Davao, the economy runs very largely on cash. On small, very touristy islands (Palawan, Siargao, Bohol, the Visayas), many family-run guesthouses, street-food stalls, tricycles and bangkas (outrigger boats) accept cash only. Bank cards remain confined to hotels, shopping centres and large urban chains.
Another reality on the ground: ATMs are scarce outside the cities, can be out of order or out of cash, and often apply a fixed withdrawal fee per transaction on top of a low cap. Relying solely on your card once you arrive is therefore a risky bet, especially if you plan to travel between several remote islands.
Plan ahead before you leave
The most stress-free strategy is to set off with a reserve of pesos exchanged in France to cover your first few days, your transfers and your spending in remote areas. Since the peso is a less common currency than the dollar or the pound, we recommend that you reserve your pesos online in advance to guarantee the availability of the banknotes: this allows us to prepare the desired amount for your in-store pickup.
Exchanging your euros for pesos in Paris
Paris Change (legal entity Paris Exchange) is a bureau de change authorised by the ACPR (the French Prudential Supervision and Resolution Authority, attached to the Banque de France). This authorisation regulates our activity and is a guarantee of reliability for your exchange transactions.
Our single branch is located at 4 Boulevard Saint-Michel, 75005 Paris, right at the exit of the Saint-Michel metro station (line 4) and the RER B and C. We are open 7 days a week: Monday to Saturday from 9 am to 8 pm, and Sunday from 10 am to 7:30 pm. You exchange your euros for pesos commission-free, from among more than 53 currencies on offer.
The principle is simple: you reserve your amount of pesos online, then you come to pick up your banknotes in-store at your convenience, during our opening hours. This reservation is particularly useful for a currency like the PHP, whose stock needs to be anticipated.
Practical tips for your pesos
Favour a mix of small and medium denominations: on the islands, merchants often struggle to give change for large notes. Keep your cash spread across several secure places and hold on to small change for tricycles, markets and tips. On the customs side, bear in mind the actual applicable rule: any sum in cash equal to or greater than €10,000 (or equivalent) must be declared when entering or leaving the European Union.
Frequently asked questions
Is it better to exchange your euros in France or in the Philippines?
Exchanging a reserve of pesos before you leave saves you from depending on ATMs that are scarce and sometimes unavailable outside the cities. It is the safest solution for your first few days and your travel between islands, where cash is often the only accepted option.
Is the euro / Philippine peso rate fixed?
No. The Philippine peso floats freely against the euro and its rate changes every day according to the markets. Counter rates are indicative and variable: check the day's rate before your transaction.
Should you reserve your pesos in advance?
Yes, it is strongly recommended. Since the Philippine peso is a less common currency, reserving online allows us to guarantee the availability of the banknotes for your in-store pickup.
Prepare your trip with complete peace of mind: reserve your Philippine pesos online right now and come pick them up 7 days a week at 4 Boulevard Saint-Michel, commission-free. Discover our available currencies to start your reservation.
