Best Money Changer in the PI
scrupuoulsly honest operation run by Chinese who have been doing it since my first visit (1994). It is in the small alley just NORTH of the Malate Pension (on same side of street-WEST). 1 block North of Remedios Cicle in Malate. Hours can be irregular as they take breaks. You push the button and they buzz you past 2 security gates as you walk up the stairs to the counters. Best rates in town, big bills, you get a per strip from adding machine showing payout. Never a single piso short.
Change with the criminals on Mabini Street and you get what you deserve. Nowadays, I use my ATM too but the rate these people give is better than ATM rate (and no fees!). Great bulgogi at the Korean Palace restaurant on Remedios Circle too so I used to go change money at lunchtime.