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Understanding the Table:
The comparison table above helps you see the total cost of your Wise 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’.
The average GBP rate margin offered by Wise is 0.69%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.
British pound (GBP) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/PHP Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average without a clear driving force.
GBP/USD Outlook: The outlook is slightly positive but likely to move sideways since the rate is above the recent average while lacking a clear driving force.
USD/PHP Outlook: Likely to decrease, as the rate is below its recent average and facing pressures from recent developments.
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 Wise GBP to PHP exchange rate is 80.1. This is -0.67% compared to the latest GBP-PHP mid-market rate 80.64.
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 Wise - Sterling to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise 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 80.24, -0.5% from the latest mid-market rate 80.64.
The next best is XE at 80.16, -0.6% from the mid-rate.
Then Wise at 80.1, which is -0.67% from the mid-rate.
The Western Union rate is 79.84 which is -0.99% from the mid-rate.
Among the banks the Lloyds Bank rate is 71.9 at -10.8% the Royal Bank of Scotland rate is 72.38 at -10.2% and the Barclays Bank rate is 75.65 at -6.2% compared to the mid-rate 80.64.
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 like Wise 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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