Foreign Exchange

Corporate Banking

Trade foreign currencies against the Philippine peso, or against other foreign currencies.

HomeCorporate BankingForeign Exchange

We buy and sell foreign currencies against the Philippine Peso, or against some other foreign currency. PNB enjoys good relationships with other banks, which allows us to buy or sell large volumes of currencies at market prices, and provide you top rates for your money.

Check our rates

Features:

  • Currencies Available for Exchange:

    Philippine Peso, US Dollar, Euro, British Pound, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, Hong Kong Dollar, Singapore Dollar, Saudi Riyal, Bahraini Dinar, Danish Krone, Swedish Krona, Brunei Dollar, Indonesian Rupiah, Thailand Baht, Taiwan Dollar, New Zealand Dollar, Chinese Yuan and Korean Won. Rates for converting foreign currency to Philippine Peso or US Dollar and vice versa is readily available. Upon request, we provide rates for converting non-US dollar foreign currency to another non-US dollar foreign currency.

  • Selling Foreign Currency to PNB:

    For most currencies, PNB can purchase notes (cash), checks, incoming telegraphic transfers, and demand drafts. We also purchase US Treasury Warrants and US dollars transferred through the Philippine Domestic Dollar Transfer System (PDDTS).

  • Purchasing Foreign Currency from PNB:

    We sell foreign currency notes (cash, and subject to availability), traveler's checks, demand drafts, and telegraphic transfers. You can pay by issuing a manager's check, instructing us to debit your account, or using the Real Time Gross Settlement (RTGS) facility. You can buy more than US$ 30,000 (or its equivalent in another foreign currency) only if you have the necessary documentation accepted by the Bangko Sentral ng Pilipinas (BSP).

  • Settlement or delivery of foreign currency:
    • Value Spot: on or within two banking days from transaction date
    • For currencies other than the US Dollar, earliest settlement is one day after transaction date
    • Value Forward: the client specifies a future date more than two banking days after the transaction date. Swap points are applied for forward transactions.
  • Swap transactions:

    Corporations may also enter into swap transactions. Your company can purchase a currency value spot, with a simultaneous sale of the same amount of the same currency value forward.

All transactions should comply with the Philippine Anti-Money Laundering Act, as well as current regulations of the Banko Sentral ng Pilipinas.

Contact us for more information