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OFX GBP to PHP Exchange Rates Compared Live

The best GBP to PHP exchange rate is 71.01. Compare OFX foreign transfer and currency exchange rates, find better rates & deals.

GBP-PHP Best Exchange Rate Calculator
 

OFX - Comparing GBP-PHP exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Philippine peso (PHP) rates from different sources before making a conversion.

The above OFX Sterling to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-PHP mid-rate (see below) and the possible savings of using another provider.

 

OFX at a glance

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users 🏷 the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

OFX has partnered with BestExchangeRates to offer you or your business better deals, read our full list of active OFX & BestExchangeRates Deals & Promotions 🏷

 
@bestfxrates : 📉 Following dovish BoE signals hinting at a possible June rate cut, the #GBP has dropped sharply, resulting in its worst weekly performance of the year. The ripple effect sees #GBPPHP facing headwinds as analysts eye a further Pound dip vs $USD, spelling potential pressure on PHP

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

Request Quotes

Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

GBP to PHP Market Data

Pound Sterling (GBP) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
71.01We compare provider deals to this wholesale mid-market rate. Read more
PHP
+0.0%
GBP to PHP at 71.07 is near its 3-month average, having traded in a very stable 2.2% range from 70.13 to 71.69
|
Sell GBP   →   Buy PHP
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  1 PHP = 0.014082 GBP
DateGBP/PHPChangePeriod
13 Mar 2024
70.87
0.4% 2 Week
28 Dec 2023
70.51
0.9% 3 Month
28 Mar 2023
66.94
6.3% 1 Year
29 Mar 2019
68.70
3.5% 5 Year
30 Mar 2014
74.73
4.8% 10 Year
01 Apr 2004
104.09
31.7% 20 Year
GBP/PHP historic rates & change to 27-Mar-2024
 

What are equivalent amounts of GBP and PHP?

Here are some popular conversion amounts for GBP to PHP (Pound Sterling to Philippine peso)*.

GBP PHP
£ 1 71.01
£ 5 355.05
£ 10 710.10
£ 20 1,420
£ 50 3,551
£ 100 7,101
£ 250 17,753
£ 500 35,505
£ 1,000 71,010
£ 2,000 142,020
£ 5,000 355,050
£ 10,000 710,100
£ 20,000 1,420,200
£ 50,000 3,550,500
£ 100,000 7,101,000
GBP PHP
£ 0.0141 ₱ 1
£ 0.0704 ₱ 5
£ 0.1408 ₱ 10
£ 0.2816 ₱ 20
£ 0.7041 ₱ 50
£ 1.4082 ₱ 100
£ 3.5205 ₱ 250
£ 7.0410 ₱ 500
£ 14.08 ₱ 1,000
£ 28.16 ₱ 2,000
£ 70.41 ₱ 5,000
£ 140.82 ₱ 10,000
£ 281.64 ₱ 20,000
£ 704.10 ₱ 50,000
£ 1,408 ₱ 100,000

More amounts

*Converted at the current GBPPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to PHP

 

GBP to PHP exchange rate is facing downward pressure as the Pound (GBP) weakened significantly following dovish comments from Bank of England (BoE) Governor Andrew Bailey hinting at potential interest rate cuts in the near future. This has led the Pound to register its largest weekly drop of the year amidst increased speculation of a June rate cut by the BoE. Analysts from HSBC and RBC are forecasting further depreciation of the Pound against the Dollar, with expectations of GBP falling to $US1.20 and $US1.15 respectively in the second half of the year. Additionally, political uncertainties in the UK, particularly related to the upcoming government voting and fears of a stagflationary environment, pose additional risks to the Pound's performance in the coming months.

Read our full review of recent GBP to PHP forecasts.

 

How to get a good GBP to PHP exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Philippine peso:

  1. Shop around for the best GBP/PHP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/PHP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and PHP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Philippine peso with Pound Sterling, then it's better for the GBP/PHP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Pound Sterling rise against the Philippine peso?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/PHP to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Philippines - a practical currency and money guide to travel, living and doing business in Philippines with the Philippine peso.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)PhilippinesPhilippines (PHP)
 

What is the cost of living in Philippines?

The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.

How is the expat life in Philippines?

The expat life in Philippines can be quite comfortable. There is a wide variety of housing options available, from apartments to villas. Many expats live in gated communities with security guards. The cost of living is relatively low, and there are a number of good schools to choose from. English is widely spoken, which makes communication easy.

Read more at our Philippines (PHP) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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