Barclays currently charges a 2.99% non-sterling transaction fee when a standard debit card is used for foreign purchases or cash withdrawals. The fee can also apply to non-sterling online purchases and refunds.
The underlying card-network conversion is not guaranteed to equal the mid-market rate. Paying a merchant or ATM in sterling can also introduce dynamic currency conversion at the operator's rate.
International payment timing varies by currency, destination, cut-off and receiving bank. Verify payment details carefully because recovery after release is not guaranteed.
What is the
Barclays Bank Send Money conversion rate for GBP to PHP?
The Barclays Bank GBP to PHP exchange rate is 75.58. This is -8.6% compared to the latest GBP-PHP mid-market rate 82.65.
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
Barclays Bank - Sterling to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Barclays Bank and other foreign exchange providers against the latest GBP-PHP mid-rate and the possible savings of using various providers.
How do Barclays Bank GBP-PHP rates compare between 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 82.24, -0.5% from the latest mid-market rate 82.65.
The next best is XE at 82.16, -0.59% from the mid-rate.
Then Wise at 82.1, which is -0.67% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Barclays Bank 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: