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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Philippines can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Philippines bank accounts or pay a Philippine peso invoice.
British pound (GBP) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/PHP Outlook: The outlook for GBP/PHP is slightly weaker, likely to move sideways.
GBP/USD Outlook: The GBP/USD is likely to decrease, currently trading at 60-day lows near its average, and facing pressure from weakening UK economic indicators.
USD/PHP Outlook: The USD/PHP rate is likely to move sideways as it is near its recent average and lacks strong drivers.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to PHP exchange rate is 78.9 from OFX . This is -0.5% compared to the mid-market rate 79.30.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Philippine peso (PHP) rates from different sources before making a conversion.
The above Sterling to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-PHP mid-rate and the possible savings of using various providers.
Looking at the full GBP to PHP - Send Money comparison table the provider with the best GBP to PHP exchange rate is OFX at 78.9, -0.5% from the latest mid-market rate 79.30.
The next best is XE at 78.82, -0.61% from the mid-rate.
Then Wise at 78.74, which is -0.71% from the mid-rate.
The Western Union rate is 78.11 which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 71.95 at -9.3% the Royal Bank of Scotland rate is 72.43 at -8.7% and the Barclays Bank rate is 75.69 at -4.6% compared to the mid-rate 79.30.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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