Exchanging Traveller's Checques

**corbon44** · October 17th, 2007 02:51 PM

Would it be possible to have traveller's checques in US dollar denominations exchanged into pesos? Would it be better to do this or have the checks converted to US Dollar cash then converted to pesos?

Thanks

**yebo** · October 17th, 2007 03:30 PM

yes pwede ipalit ang tc to pesos, BUT the exchange rate is lower than dollar bills to pesos.

better? depends on what you prefer. do you want the security that TCs provide or do you want the higher exchange rate that you can get with dollar bills?

**corbon44** · October 17th, 2007 10:17 PM

I'm actually being "sold" TCs by a work colleague who just came from a trip and says he just doesn't have time to have them encashed. He was pitching that TCs are worth more at your suking money changer due to their rarity...sneaky.

**empy** · October 18th, 2007 09:31 AM

your colleague thinks you're an idiot and is trying to rip you off. there are thousands of Amex travel offices worldwide and billions of dollars of TC's in circulation. also, as yebo said, the issuer keeps a little bit of your money as its fee for securing your funds.

subscribe his work email to a **** pic-of-the-day website. :evillaugh

**CVT** · October 18th, 2007 12:49 PM

Originally Posted by corbon44

I'm actually being "sold" TCs by a work colleague who just came from a trip and says he just doesn't have time to have them encashed. He was pitching that TCs are worth more at your suking money changer due to their rarity...sneaky.

That is not the case bro.

Give him the birdie today,- right on his face!

4202:banned: