SM Store Stories

Navigating Foreign Currency Exchange:
Why SM Foreign Exchange Stands Out

June 14, 2023

Let’s face it, navigating foreign currency exchange can be a real headache if you’re not familiar with the process. It pays to know what exchange rates are, how you can use forex to your advantage, and where is the best place to trade your banknotes.

In this article, we’ll guide you through things you need to know about currency exchange and why SM Store’s Foreign Exchange provides safe, easy, and fast transactions for all your forex needs.

What Are Exchange Rates and How Does It Work?

Exchanging one country’s currency to Philippine Peso is possible through foreign exchange or forex. While foreign exchange rates determine the value of one currency against another, it constantly changes. Those rates can either go up or down based on many factors, such as the forex market, the economy, and more.

But why do we exchange currencies? It is usually one of a few things, you need foreign cash for a vacation abroad, you are a foreign tourist needing local currencies, you are doing an import and export business, or more. Even so, getting cash in the currency you need is just as important as how you can exchange it.

Why SM Foreign Exchange Stands Out

If you want to make the most of your currency exchange transactions, turn to SM Store’s Foreign Exchange service. With convenient locations nationwide and real-time currency rates, it is the best place to maximize your Forex transaction. Here is how you can use our Foreign Exchange Counter for safe, easy, and fast transactions:

Exchange Foreign Currency to Peso

Got foreign banknotes on hand? Let SM Store buy your foreign currencies and exchange them for Pesos. Our Forex counters are open to providing you with real-time exchange rates so you can have the local currency to shop, travel, and pay bills.

Unlike banks, we accept 15 currencies so you can conveniently have the Peso you need no matter what currency you have. These are US Dollar, Japan Yen, Hong Kong Dollar, British Pound, Euro, Australian Dollar, Canadian Dollar, Singapore Dollar, Swiss Franc, Saudi Riyal, Brunei Dollar, Taiwan Dollar, Thai Baht, Korean Won, and Chinese Yuan. You can also find an updated list of SM foreign exchange rates today online.

Get Safe Forex Transactions Wherever You Are

Overseas Filipino workers and balikbayans remit money from abroad to support their families here. Most families convert those foreign remittances into Pesos for their bills and other household needs. This is why doing forex transactions at safe and convenient locations is important.

Whether you are an OFW family member or a balikbayan needing Forex service, SM Store has got your back. With 73 SM Store branches nationwide, converting your remittances is safe and reliable no matter where you are.

Our Foreign Exchange counters are located inside SM Store’s Customer Service Area. This makes currency exchange from Dollar to Peso extra convenient. We also ensure that you can always get cash in Pesos when you need it. With our commitment to convenience and customer service, you will be able to get your converted currency quickly so you can spend it on your needs and shopping.

How to Exchange Currency at SM Store Forex Counter

Exchanging foreign currency at SM Store is a simple and convenient process. Here is a step-by-step guide to help you navigate the process:

Step 1: Locate the Forex counter

Bring the foreign currency notes you want to exchange for Pesos at our SM Forex counters in Customer Service Area at SM Store branches nationwide. Make sure your foreign banknotes are in good condition and free from damage.

Step 2: Check the exchange rate

Ask our forex counter staff for the exchange rate for your currency. SM Store’s currency exchange service offers real-time exchange rates.

Step 3: Trade your banknotes

Hand over your foreign banknotes and receive the equivalent amount in Pesos. Unlike banks and forex vendors, no minimum amount is required for currency exchange in our counters. However, foreign coins are not allowed.

Step 4: Count your money

When counting your money, take your time and count it carefully. Separate the bills into different denominations and add up the total. If you need clarification on the amount, feel free to ask our Forex counter staff for assistance.

Foreign currency exchange can be overwhelming for people who are not familiar with the process. Luckily, SM Store offers a simple solution for anyone who needs to trade foreign currency anywhere in the Philippines. Our Foreign Exchange counters provide exchange rates on different currencies.

Next time you need Pesos for travel, leisure, shopping, or more, choose SM Store’s Foreign Exchange service for a reliable and efficient Forex experience!