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Commonwealth Bank AUD to PHP Travel Money Compared

AUD-PHP Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your Commonwealth Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.

 
 

What are the Commonwealth Bank rates for other currencies?

The table below shows Commonwealth Bank Australian dollar (AUD) Buy Cash exchange rates with the percentage of margin being charged from the current market mid-rate :

 
Currency route Mid market rate Commonwealth Bank Buy Cash Rate Cost%
AUD - CAD0.89220.8519-4.5%
AUD - CNY4.69614.4898-4.4%
AUD - EUR0.55640.5328-4.2%
AUD - GBP0.48000.4596-4.2%
AUD - HKD5.14464.9206-4.4%
AUD - JPY94.6990.47-4.5%
AUD - NZD1.08131.0358-4.2%
AUD - SGD0.83460.7985-4.3%
AUD - USD0.65540.6283-4.1%
Commonwealth Bank Buy Cash Exchange Rates
   

Comparing CBA exchange rates

Overall these are the main points to consider when comparing CBA exchange rates:

  • CBA provides extensive foreign exchange services, FX Specialists provide more additional services and generally speaking a higher level of expertise;
  • CBA products are available both in-branch and online via their online banking platform NetBank. FX Specialists for foreign transfers are on-line but you can speak to them on the phone, and in some cases you will have an account manager;
  • Commonwealth Bank exchange rates for foreign transfers are generally poor compared to using an FX specialist.
  • Commonwealth Bank exchange rates for travel money are comparable to those of the other Australian banks but you will, more likely than not, get less for your dollar than if you ordered your foreign currency and travel money online through providers such as Travelex.
  • Average to poor exchange rates need to be weighed up against convenience of using a familiar internet banking platform.
 
     
Philippines

Everyday Costs in in Philippines

How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.

Currency Guide for the Philippines (ISO Code: PH)

When planning a one-week mid-range stay in the Philippines, travelers should budget around 25,000 to 35,000 PHP (approximately $440 to $615 USD). This amount can provide a comfortable experience, factoring in meals, accommodations, transportation, and activities. Here’s a rough breakdown of typical daily expenses:

  • 🍽️ Meal at a local restaurant: 200-400 PHP
  • ☕ Coffee: 50-150 PHP
  • 🚌 Public transport fare: 20-50 PHP
  • 📱 Prepaid SIM card: 300-700 PHP
  • 🏨 Budget hotel or Airbnb: 1,200-2,500 PHP

In general, the Philippines is considered an affordable travel destination compared to the United States, where a similar mid-range experience would often cost 30% more. Compared to the UK, the cost of living in the Philippines is significantly lower as well. Travelers will find that their money stretches further here, allowing for a richer experience without breaking the bank.

Living Costs and Money Tips for Expats

For expats moving to the Philippines, typical monthly living costs can range from 30,000 to 60,000 PHP ($530 to $1,060 USD), depending on lifestyle choices and location. This estimate covers rent, utilities, food, and transportation. In major urban areas like Manila or Cebu, you may encounter higher costs, while rural areas offer significantly cheaper living.

When it comes to managing your finances, using a combination of local banking and card usage is advisable. Many banks offer services specifically catering to expats, and using international cards like Visa and Mastercard is common. However, be wary of ATM fees. For sending and receiving money, online transfer services such as Wise or OFX often provide better exchange rates and lower fees compared to traditional banks or currency exchange services. In highly touristy areas, you may get slightly better rates by exchanging money locally, but it’s generally safer and more efficient to use an online transfer service to avoid fluctuating rates and additional fees.

 

Currency Forecasts related to AUD/PHP

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