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GBP/PHP - Convert Compare Save

British Pound Sterling to Philippine Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to Philippine Peso exchange rate, has news, forecasts and GBP to PHP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/PHP Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee GBPTotal CostDeal Links
OFX logo
307,100 PHP
Best Overall
61.42£0^3.39%
HSBC logo
300,648 PHP
6,452 PHP
60.22£7.55.42%
Natwest Bank logo
299,000 PHP
8,100 PHP
59.98155.94%
Citibank International Money Transfers
Citibank logo
297,634 PHP
9,466 PHP
59.67126.37%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
297,582 PHP
9,518 PHP
59.69156.39%
Santander International Money Transfers
Santander logo
295,912 PHP
11,188 PHP
59.42206.91%
Lloyds TSB logo
294,716 PHP
12,384 PHP
59.18207.29%
 
OFX: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:61.42 (3.39% from mid-rate)
PHP amount:307,100 PHP
Total Cost:3.39%
Time:
Rate Fetched: Mon Aug 19 2019 18:10:58 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:60.22 (5.28% from mid-rate)
PHP amount:300,648 PHP
Total Cost:5.42%
Difference:
6,452 PHP less than using OFX
Time:20:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:59.98 (5.66% from mid-rate)
PHP amount:299,000 PHP
Total Cost:5.94%
Difference:
8,100 PHP less than using OFX
Time:20:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:59.67 (6.15% from mid-rate)
PHP amount:297,634 PHP
Total Cost:6.37%
Difference:
9,466 PHP less than using OFX
Time:20:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:59.24 (6.82% from mid-rate)
PHP amount:297,582 PHP
Total Cost:6.39%
Difference:
9,518 PHP less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:59.42 (6.54% from mid-rate)
PHP amount:295,912 PHP
Total Cost:6.91%
Difference:
11,188 PHP less than using OFX
Time:20:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→PHP
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:59.18 (6.92% from mid-rate)
PHP amount:294,716 PHP
Total Cost:7.29%
Difference:
12,384 PHP less than using OFX
Time:20:21 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount PHP(₱)Exchange RateFee GBPTotal CostDeal Links
Citibank Foreign Currency
Citibank logo
59,826 PHP
Compare
60.43£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
59,298 PHP
528 PHP
59.97£106.73%
Lloyds TSB logo
59,222 PHP
604 PHP
59.82£106.85%
Santander Foreign Currency
Santander logo
59,222 PHP
604 PHP
59.82£106.85%
Natwest Bank logo
58,923 PHP
903 PHP
59.82£157.32%
Travelex Online UK logo
58,532 PHP
1,294 PHP
58.5323£0^7.94%
 

Citibank logoCitibank

Citibank: Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:60.43 (4.95% from mid-rate)
PHP amount:59,826 PHP
Total Cost:5.9%
Time:20:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:59.82 (5.91% from mid-rate)
PHP amount:59,298 PHP
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:59.82 (5.91% from mid-rate)
PHP amount:59,222 PHP
Total Cost:6.85%
Time:20:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:59.82 (5.91% from mid-rate)
PHP amount:59,222 PHP
Total Cost:6.85%
Time:20:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:59.82 (5.91% from mid-rate)
PHP amount:58,923 PHP
Total Cost:7.32%
Time:20:21 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Travelex Online UK: Travel Money GBP→PHP
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:58.5323 (7.94% from mid-rate)
PHP amount:58,532 PHP
Total Cost:7.94%
Time:
Rate Fetched: Mon Aug 19 2019 18:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

GBP to PHP interbank exchange rate = 63.5777

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/PHP exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

GBP and PHP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the GBP vs PHP, you should pay attention to the recent market trends for both currencies.

 

British Pound Sterling (GBP)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

Philippine Peso (PHP)

It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.

The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.

The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.

Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.

Why can't I just get the GBP/PHP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / PHP was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all GBP Exchange Rates