Bohol is a beautiful island in the Philippines which is attracting increasing numbers of tourists. Tagbilaran Port is one of the main gateways to Bohol Island and in most cases it is used when traveling by the sea from Cebu and other islands. If you will need local currency (Philippine Pesos - PHP) just after stepping on the island, you can exchange currency right at Bohol Tagbilaran Port.
Money Changer at Bohol Tagbilaran Port
Money changer at Tagbilaran Port in Bohol is called "Port Side Money Changer" and can be found on the left side from the pink 2GO travel agency, selling tickets for the popular SuperCat ferries to Cebu.
Foreign Exchange Rates at Bohol Tagbilaran Port
Bohol port foreign exchange rates are not as good as you can get in Manila but can be a bit better than currency exchange rates in Panglao, especially when talking about exchange rates of the less popular currencies.
What foreign exchange rates can be expected at Tagbilaran Port in Bohol?
USD to PHP exchange rate in Bohol
The official USD exchange rate at the time was 52.03 PHP for 1 US Dollar, so the rate offered at Bohol Tagbilaran Port (51.00 PHP/USD) was by 1.03 PHP lower than the official rate. For every dollar exchanged here you’re losing about 0.02 USD or 2 USD per 100 USD.
Even if USD exchange rate wasn't that bad during our visit, the best money changer in Panglao was offering about 51.20 PHP/USD at the same time, so exchanging your US dollars at the port might be not the best idea.
EUR to PHP exchange rate in Bohol
The official EUR exchange rate at the time was 64.42 PHP for 1 Euro, so the rate offered at Bohol Tagbilaran Port (62.50 PHP/EUR) was by 1.92 PHP lower than the official rate. For every Euro exchanged here you’re losing about 0.03 EUR or about 3 EUR per 100 EUR.
At the same time, the best money changer in Panglao was offering slightly better rate at 62.60 PHP/EUR.
Exchange rates of other currencies in Bohol
If you are bringing less popular foreign currency with you to Bohol, exchanging it at the port might be worth it as exchange margins here are a bit lower than in Panglao.
The official GBP exchange rate at the time was 74.61 PHP for 1 Sterling Pound, so the rate offered at Bohol Tagbilaran Port (71.00 PHP/GBP) was by 3.61 PHP or 4.8% lower than the official rate.
The official AUD exchange rate at the time was 40.50 PHP for 1 Australian Dollar, so the rate offered at Bohol Tagbilaran Port (38.50 PHP/AUD) was by 2.00 PHP or about 4.9% lower than the official rate.
The official SGD exchange rate at the time was 39.71 PHP for 1 Singapore Dollar, so the rate offered at Bohol Tagbilaran Port (38.50 PHP/SGD) was by 1.21 PHP or about 3.1% lower than the official rate.
For detailed information about exchange margins in Panglao check here: Currency Exchange Rates in Panglao.
Tips
If you are flying to Bohol from Manila, exchange your currency at the airport in Manila as foreign exchange rates there will be much better than you would find in Bohol or Panglao. For more details about foreign exchange at Manila Airport check:
More tips for traveling in Philippines can be found here: Philippines Travel Tips.