Foreign Currency and Exchange Rate

As of 01:05 pm, 05/29/2024
Currency Buying Selling
US Dollars - USD 57.9500 58.8500
Euro - EUR 61.6124 65.1234
Chinese Yuan - CNY 7.8427 8.2897
Japanese Yen - JPY 0.3646 0.3778
Singapore Dollar - SGD 42.1026 44.5024
Thailand Baht - THB 1.5504 1.6387
Korean Won - KRW 0.0418 0.0438
Taiwanese Dollar - TWD 1.7662 1.8668

Foreign currency and Exchange, Foreign Exchange, Forex, or simply FX, is the process of changing one currency into another for a variety of reasons, usually for commerce, trading, or tourism. Its market is a global marketplace for exchanging national currencies. Because of the worldwide reach of trade, commerce, and finance, FX markets tend to be the largest and most liquid asset markets in the world. Currencies trade against each other based on FX rates of currency pairs. For example, USDPHP is a currency pair for trading the USD against the PHP.

  1. Trading Hours
    • Morning: 09:00 AM - 11:45 AM
    • Afternoon: 01:00 PM - 03:45 PM
      *No FX trades beyond the above cut-off times. Strict compliance is required.

  2. All FX sales by the bank are subject to client’s submission of a duly accomplished Application to Purchase Foreign Exchange form and supporting documents, as applicable, in compliance with applicable FX regulations, among others.

  3. Please note that the FX rates are indicative only and may be subject to change within the day without prior notice.

  4. For the prevailing FX rate of USD and other currencies, please talk to any of our branch personnel at your nearest Chinabank branch.

  5. For cash transactions, all currency notes may be subject to availability.

  6. Chinabank reserves the right to refuse demonetized notes and confiscate cash or currency notes deemed to be counterfeit.