Info needed about transferring money to buy a house

Good evening/morning everyone:

I'm new here on the forum. My wife (a Filipina) and I are looking to buy a house in CDO for my mother-in-law. We have found a couple of houses that we like and we are considering making an offer in the next week or so. I'm wondering where we can get the best exchange rate USD-PHP?

As you know even a .25% difference in the exchange rate can make a difference of $500 or so. Any advise is appreciated.

Thanks in advance,


Just send it in Western Union and and tell to your wife to receive it in dollar not in peso.

I agree to get the money in dollars.  The banks rake a big cut if you don't.  I just went through that process and it cost me about $80 loss in using the convenience of the peso from the bank.  One pays for conveniences any where.  I do advise anyone looking for a bank to avoid BDO if possible.  Many charges added on to transaction, trouble getting money in timely fashion, sometimes atm cards don't work.  Many frustrations using them.  I will be changing banks.  I have been told by my doctor that she uses China Bank without any problems.

the exchange rate is usually very low with western union better to use a bank if transfering a large amount of cash and negociate the exchange rate right now is a bad time as the exchange rates are very low .

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