Exchanging Money at Airports or Hotel Desks
Although exchanging in places like these can be a lot more convenient, know that they often have poor exchange rates and high fees. They offer less favorable rates compared to banks or other dedicated exchange offices.
Relying mainly on ATM/ Banks
Considering that banks are not available in all areas of the Philippines, it is necessary that you bring cash, may it still be in foreign currency, when you visit the country.
Overlooking the Latest Exchange Rate
Not looking into the current exchange rate can result in losing money and paying more than necessary. It is essential to know the current exchange rate to ensure that you are getting the best value for your money. The exchange rate can fluctuate daily and even hourly, so it is crucial to stay informed about the current rate.
Neglecting Security Precautions
Another common mistake people make is trusting just any exchanging offices and disregarding safety measures for the sake of convenience and urgency.
Indeed, it is essential that you become wary of such mistakes like dishonest rates and extra hidden fees, because scams and other fraudulent activities are everywhere. Only transact with trusted sources or reputable exchange service offices like ML Money Changer. M Lhuillier has always been the Philippines’ most trusted financial services provider, and choosing to exchange your foreign currency with ML means security, honest exchange, and convenience. With over 3,000 branches nationwide, M Lhuillier is available anywhere at your service.
M Lhuillier, the Philippines’ largest and most respected non-bank financial institution, continues to uphold its promise of being the Tulay ng PaMLyang Pilipino, with more than 3,000 serviceable locations nationwide. It continuously seeks better and innovative ways to serve its community by providing fast, easy, and reliable financial services such as Kwarta Padala, Quick Cash Loan, Car Loans, Home Loan, Bills Payment, Insurance Plan, Money Exchange, Jewelry, ML Wallet, ML Express, ML Moves, and Telco and online TV Loading.
Follow M Lhuillier Financial Services, Inc. on Facebook, or visit mlhuillier.com for more information. For inquiries, contact Customer Care through its mobile number +63-947-999-0337, +63-947-999-2721, +63-917-871-2973, +63-947-999-0522, +63-947-999-2472 or email customercare@mlhuillier.com.
