Due to the merger of G&C Mutual Bank and Quay Credit Union, our bank account details have changed. The surviving bank is G&C Mutual Bank. Our new details are:
Account name: Jalandoni Money Changer Pty Ltd; BSB 659000; Account no. 300038747. Please change your records immediately. 29/9/2017

Rates of Determination

Foreign exchange rates constantly vary. For this reason, Jalandoni and Company has a firm policy regarding the foreign exchange rate to be used. In order to keep strong business relationships and avoid unnecessary misunderstandings, Jalandoni and Company gives their clients two rates of determination to choose from. Both rates are dependent on the so-called “rate of the day” (the present foreign exchange rate) and the “time of confirmation” (the moment your money transfer order is received and paid).

  • Fixed Rate
  • In fixed rate, the foreign exchange rate that will be used for the money transfer transaction will be the rate of the day at the time of confirmation.
  • Open Rate
  • The rate that will be used in calculation is the rate of the day at the time of transfer.

Explanation through example:

For instance, you deposited 500 AUD in Jalandoni and Company’s bank account; however, you need the money to be transferred a week from the time of your deposit. At the time of confirmation, the rate of the day is 1 AUD = 38.8 PHP. If you choose fixed rate, this means that the exchange rate that will be used in calculation is 1 AUD = 38.8 PHP. It doesn’t matter whether the value dips or rises at the time of transfer.

On the other hand, if you choose open rate, the rate that will be used in calculation is the rate of the day at the time of transfer. So if seven days later, the current foreign exchange rate is 1 AUD = 40 PHP, this will be the rate used.

Foreign Exchange (FOREX) Rates

USD  ->  AED    3.6727
USD  ->  ALL    100.21
USD  ->  ANG    1.7919
USD  ->  ARS    3.955
USD  ->  AUD    1.0289
USD  ->  AWG    1.7898
USD  ->  BBD    2.005
USD  ->  BDT    69.975
USD  ->  BGN    1.415
USD  ->  BHD    0.3771
USD  ->  BIF    1222.25
USD  ->  BMD    1.0008
USD  ->  BND    1.3035
USD  ->  BOB    7.02
USD  ->  BRL    1.7033
USD  ->  BSD    1.00
USD  ->  BTN    44.55
USD  ->  BWP    6.605
USD  ->  BYR    3012.00
USD  ->  BZD    1.95
USD  ->  CAD    1.029
USD  ->  CHF    0.9876
USD  ->  CLP    491.50
USD  ->  CNY    6.681
USD  ->  COP    1837.50
USD  ->  CRC    505.60
USD  ->  CUP    1.00
USD  ->  CVE    78.70
USD  ->  CYP    0.00
USD  ->  CZK    17.795
USD  ->  DJF    180.75
USD  ->  DKK    5.3962
USD  ->  DOP    37.25
USD  ->  DZD    73.03
USD  ->  ECS    0.00
USD  ->  EEK    11.3205
USD  ->  EGP    5.7731
USD  ->  ERN    0.00
USD  ->  ETB    16.5084
USD  ->  EUR    0.7235
USD  ->  FJD    1.8454
USD  ->  FKP    0.6326
USD  ->  GBP    0.6323
USD  ->  GHC    0.00
USD  ->  GIP    0.6326
USD  ->  GMD    27.125
USD  ->  GNF    6951.50
USD  ->  GTQ    8.007
USD  ->  GYD    205.20
USD  ->  HKD    7.7586
USD  ->  HNL    18.92
USD  ->  HRK    5.3119
USD  ->  HTG    40.25
USD  ->  HUF    199.50
USD  ->  IDR    8942.50
USD  ->  ILS    3.64
USD  ->  INR    44.555
USD  ->  IQD    1169.55
USD  ->  IRR    10425.00
USD  ->  ISK    111.76
USD  ->  JMD    0.00
USD  ->  JOD    0.7078
USD  ->  JPY    81.845
USD  ->  KES    80.78
USD  ->  KHR    4215.00
USD  ->  KMF    352.50
USD  ->  KPW    900.05
USD  ->  KRW    1116.00
USD  ->  KWD    0.2815
USD  ->  KYD    0.8108
USD  ->  KZT    147.58
USD  ->  LAK    8055.00
USD  ->  LBP    1501.50
USD  ->  LKR    111.70
USD  ->  LRD    71.00
USD  ->  LSL    6.955
USD  ->  LTL    2.4996
USD  ->  LVL    0.5132
USD  ->  LYD    1.2527
USD  ->  MAD    8.1313
USD  ->  MDL    11.85
USD  ->  MKD    44.265
USD  ->  MMK    6.51
USD  ->  MNT    1287.50
USD  ->  MOP    7.9914
USD  ->  MRO    279.25
USD  ->  MTL    0.00
USD  ->  MUR    29.80
USD  ->  MVR    12.795
USD  ->  MWK    151.25
USD  ->  MXN    12.448
USD  ->  MYR    3.1086
USD  ->  NAD    6.9335
USD  ->  NGN    151.50
USD  ->  NIO    21.695
USD  ->  NOK    5.887
USD  ->  NPR    71.30
USD  ->  NZD    1.3405
USD  ->  OMR    0.3846
USD  ->  PAB    1.015
USD  ->  PEN    2.7925
USD  ->  PGK    2.5681
USD  ->  PHP    43.225
USD  ->  PKR    85.65
USD  ->  PLN    2.839
USD  ->  PYG    4965.00
USD  ->  QAR    3.64
USD  ->  RON    3.0952
USD  ->  RUB    30.5655
USD  ->  RWF    585.00
USD  ->  SAR    3.7503
USD  ->  SBD    7.7576
USD  ->  SCR    12.273
USD  ->  SDD    0.00
USD  ->  SEK    6.7459
USD  ->  SGD    1.302
USD  ->  SHP    0.6326
USD  ->  SIT    0.00
USD  ->  SKK    21.573
USD  ->  SLL    4100.00
USD  ->  SOS    1600.00
USD  ->  STD    17635.00
USD  ->  SVC    8.7475
USD  ->  SYP    46.215
USD  ->  SZL    6.935
USD  ->  THB    29.97
USD  ->  TND    1.391
USD  ->  TOP    1.887
USD  ->  TRY    1.436
USD  ->  TTD    6.37
USD  ->  TWD    30.7375
USD  ->  TZS    1497.00
USD  ->  UAH    7.945
USD  ->  UGX    2285.00
USD  ->  USD    0.00
USD  ->  UYU    20.20
USD  ->  VEB    0.00
USD  ->  VND    19500.00
USD  ->  VUV    93.60
USD  ->  WST    2.3444
USD  ->  XAF    475.2967
USD  ->  XAG    0.00
USD  ->  XAL    0.00
USD  ->  XAU    0.0007
USD  ->  XCD    2.685
USD  ->  XCP    0.00
USD  ->  XOF    470.55
USD  ->  XPD    0.0017
USD  ->  XPF    85.90
USD  ->  XPT    0.0006
USD  ->  YER    214.50
USD  ->  ZAR    7.0093
USD  ->  ZMK    4690.00
USD  ->  ZWD    0.00