The exchange rate between the US dollar (USD) and the Philippine peso (PHP) is subject to fluctuations that can affect the purchasing power of foreign visitors or expats. As of 2023, 1200 USD is equivalent to roughly 60,000 PHP. This article will explore what you can buy or do with this amount of money in the Philippines.
If you’re planning to visit the Philippines, 1200 USD can cover a wide range of expenses, depending on your travel style and itinerary. For instance, you can afford to stay in a decent hotel or resort for a week, with an average daily rate of 70-100 USD. Alternatively, you can opt for a budget hostel or guesthouse that charges around 10-20 USD per night.
Food and Drinks
Food and drinks in the Philippines are generally cheap compared to Western countries. With 1200 USD, you can enjoy a variety of local dishes in restaurants or street food stalls, ranging from 1-5 USD per meal. If you prefer to cook your own meals, you can buy groceries from supermarkets or wet markets that offer fresh produce and meat at affordable prices.
Getting around the Philippines can be challenging, especially if you’re not familiar with the local transportation system. However, with 1200 USD, you can hire a private car or van with a driver for a week or more, depending on your destination and itinerary. Alternatively, you can take public buses, jeepneys, or tricycles that cost less than 1 USD per ride.
Shopping and Souvenirs
The Philippines is known for its handicrafts, textiles, and other locally made products that make great souvenirs or gifts. With 1200 USD, you can buy a variety of items such as handwoven bags, wooden carvings, or embroidered shirts, depending on your preferences and bargaining skills. Shopping malls and markets are also abundant in the Philippines, offering a wide range of products at different price points.
Activities and Attractions
The Philippines has a lot of natural and cultural attractions that are worth exploring, such as beaches, mountains, waterfalls, and historical sites. With 1200 USD, you can join organized tours or activities that include transportation, guides, and entrance fees, such as island hopping, trekking, or city tours. Alternatively, you can explore on your own and save money on entrance fees.
Health and Wellness
The Philippines is also known for its wellness and spa services that offer relaxation and rejuvenation. With 1200 USD, you can indulge in various treatments such as massages, facials, or acupuncture, depending on your preference and budget. Some resorts and hotels also offer yoga classes, meditation sessions, or detox programs that can enhance your well-being.
In conclusion, 1200 USD can go a long way in the Philippines, whether you’re a traveler or a resident. With careful planning and budgeting, you can enjoy various experiences and products that reflect the local culture and lifestyle. Keep in mind that prices and availability may vary depending on the location, season, and demand, so it’s always best to do your research and compare options before making any purchase or booking.