Barclays Bank GBP to PHP Transfers Compared

   

GBP to PHP is under pressure at 77.36, facing a 7-day low amid budget uncertainty and rate cut expectations from the BoE. Analysts highlight concerns over Chancellor Reeves's budget proposals, which may deepen fiscal challenges. Stay alert for shifts ahead of the UK budget announcement

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What is the Barclays Bank Send Money conversion rate for GBP to PHP?

The Barclays Bank GBP to PHP exchange rate is 73.65. This is -4.7% compared to the latest GBP-PHP mid-market rate 77.28.

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 76.9, -0.49% from the latest mid-market rate 77.28.

The next best is XE at 76.82, -0.6% from the mid-rate.

Then Wise at 76.77, which is -0.66% from the mid-rate.

The Western Union rate is 76.51 which is -1% from the mid-rate.

Among the banks the Lloyds Bank rate is 72.03 at -6.8% the Royal Bank of Scotland rate is 72.49 at -6.2% and the Barclays Bank rate is 73.65 at -4.7% compared to the mid-rate 77.28.

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.