Our OFX GBP to PHP transfer rate is 73.48. This is -0.5% below the mid-rate. Compare OFX currency conversion rates - Reduce FX costs.
Our deal OFX GBP to PHP exchange rate is 73.48. This is -0.5% compared to the latest GBP-PHP mid-market rate 73.85. Visit OFX now to receive this rate.
The standard OFX GBP-PHP rate is 70.9959, -3.9% from the mid-rate.
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.
Looking at our comparison table the best GBP to PHP exchange rate is 73.48 from OFX, -0.5% from the mid-market rate 73.85. The next best rate is 73.4 from XE, -0.61% from the mid-rate. Then Wise with 73.33 is -0.7% from the mid-rate.
The Western Union rate is 73.11 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 68.19 at -7.7%, the Royal Bank of Scotland rate is 68.63 at -7.1%, and the Barclays Bank rate is 71.26 at -3.5% compared to the mid-rate 73.85.
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 OFX or platforms that offer rates closer to the mid-market rate.
The table below shows OFX British pound (GBP) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | OFX Send Money Rate | Cost% |
|---|---|---|---|
| GBP - AED | 4.8729 | 4.8485 | -0.5%* |
| GBP - AUD | 2.0581 | 2.0478 | -0.5%* |
| GBP - BND | 1.7386 | 1.668 | -4.1% |
| GBP - CAD | 1.8335 | 1.8243 | -0.5%* |
| GBP - CHF | 1.0972 | 1.0917 | -0.5%* |
| GBP - CNY | 9.6779 | 9.2814 | -4.1% |
| GBP - CZK | 29.25 | 29.1 | -0.51%* |
| GBP - DKK | 8.7616 | 8.7178 | -0.5%* |
| GBP - EUR | 1.1738 | 1.1679 | -0.5%* |
| GBP - FJD | 2.9928 | 2.8419 | -5% |
| GBP - HKD | 10.28 | 10.23 | -0.49%* |
| GBP - HUF | 475.02 | 472.64 | -0.5%* |
| GBP - IDR | 21,855 | 20884.2598 | - |
| GBP - ILS | 4.7592 | 4.7354 | -0.5%* |
| GBP - INR | 112.28 | 108.3045 | -3.5% |
| GBP - JPY | 192.23 | 191.27 | -0.5%* |
| GBP - KRW | 1,857.1 | 0.965 | - |
| GBP - KWD | 0.4068 | 0.4048 | -0.49%* |
| GBP - LKR | 398.44 | 383.8025 | -3.7% |
| GBP - MAD | 12.29 | 11.8178 | -3.8% |
| GBP - MGA | 5,908.5 | 4.825 | - |
| GBP - MXN | 25.98 | 25.85 | -0.5%* |
| GBP - MYR | 5.6648 | 5.6365 | -0.5%* |
| GBP - NOK | 13.81 | 13.74 | -0.51%* |
| GBP - NZD | 2.2289 | 2.2178 | -0.5%* |
| GBP - OMR | 0.5108 | 0.4963 | -2.8% |
| GBP - PEN | 4.8789 | 4.6868 | -3.9% |
| GBP - PGK | 5.3839 | 5.1221 | -4.9% |
| GBP - PHP | 73.85 | 73.48 | -0.5%* |
| GBP - PKR | 373.98 | 362.3046 | -3.1% |
| GBP - PLN | 5.0218 | 4.9967 | -0.5%* |
| GBP - SAR | 4.9752 | 4.8157 | -3.2% |
| GBP - SBD | 11.05 | 9.9019 | -10.4% |
| GBP - SCR | 18.85 | 17.471 | -7.3% |
| GBP - SEK | 12.81 | 12.75 | -0.47%* |
| GBP - SGD | 1.7244 | 1.7158 | -0.5%* |
| GBP - THB | 43.91 | 43.69 | -0.5%* |
| GBP - TOP | 3.1943 | 2.8787 | -9.9% |
| GBP - TRY | 51.18 | 50.92 | -0.51%* |
| GBP - TWD | 40.75 | 38.8737 | -4.6% |
| GBP - USD | 1.3267 | 1.3201 | -0.5%* |
| GBP - VND | 34,500 | 32463.2448 | - |
| GBP - VUV | 157.50 | 147.6553 | -6.3% |
| GBP - WST | 3.7146 | 3.2832 | -11.6% |
| GBP - XOF | 769.93 | 744.3325 | -3.3% |
| GBP - XPF | 140.07 | 135.471 | -3.3% |
| GBP - ZAR | 24.40 | 24.28 | -0.49%* |
* BER discount rate that we have negotiated with OFX. To obtain these special rates, click through to OFX from our above exchange rate comparison tool.
The OFX Sterling to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest GBP-PHP mid-rate (see Market Data below ) and the possible savings of using various providers.
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.
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.
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.
British pound (GBP) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/PHP | Change | Period |
|---|---|---|---|
18 Apr 2025 | 75.21 | 1.5% ▼ | 2 Week |
01 Feb 2025 | 72.40 | 2.3% ▲ | 3 Month |
02 May 2024 | 72.09 | 2.7% ▲ | 1 Year |
03 May 2020 | 62.71 | 18.1% ▲ | 5 Year |
05 May 2015 | 67.70 | 9.4% ▲ | 10 Year |
07 May 2005 | 102.31 | 27.6% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to PHP (British pound to Philippine peso)*.
*Converted at the current GBPPHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The GBP to PHP exchange rate has recently been under pressure, with current trading levels around 73.87, indicating a drop to 14-day lows and reflecting a stable range over the past three months from 71.77 to 75.82. Analysts suggest that the British pound's value is influenced by a combination of domestic economic performance, political stability, and monetary policy set by the Bank of England (BoE). With key data absent from the UK economic calendar and local elections underway, the pound remains largely directionless. Investor sentiment is tempered by concerns about political instability, particularly as results from these elections may impact confidence in Labour’s position.
Read our full review of recent GBP to PHP forecasts.
There are several ways to save on exchange rates when converting British pound to Philippine peso:
Generally speaking, if you are buying Philippine peso with British pound, 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.
Read our Currency guide to Philippines — a practical currency and money guide to travel in Philippines plus living and doing business with the Philippine peso.
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.
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.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Philippines (PHP) |
The cost of living in Philippines is relatively low compared to other countries. Rent, food, and transportation are all relatively inexpensive.
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.
There are many laws that foreigners should be aware of in the Philippines. Some of these laws include the following:
The foreigner must obtain a visa before entering the Philippines.
The foreigner must obtain a residence permit before living in the Philippines for more than three months.
The foreigner must obtain a work permit before working in the Philippines.
The foreigner must register with the Philippine Bureau of Immigration if he or she plans to stay in the Philippines for more than 60 days.
In general, doing business in the Philippines is fairly easy. The country has a well-developed infrastructure and a relatively stable political environment. Businesses are generally free to operate without too much government interference. However, there are some bureaucratic procedures that can be time-consuming. Additionally, crime is a serious problem in the Philippines and businesses may be targets for theft or other crimes.
The Philippines has a mixed economy in which the government plays a regulatory role in ensuring that businesses operate fairly and equitably. The country is abundant in natural resources and labor, and its agricultural and manufacturing industries are growing. However, the Philippines faces challenges in terms of infrastructure, corruption, and poverty.
Read more at our Philippines (PHP) country guide
A comprehensive guide to choosing the best money transfer provider, covering key factors like fees, speed, exchange rates, and customer support, with comparisons of top services such as Wise, OFX, WorldRemit, and XE Money Transfers.
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.
If you’re selling online internationally, using an FX specialist can save you thousands. Better exchange rates, lower fees, and protection against currency swings can make a huge difference to your bottom line. Find out why smart online sellers are choosing FX specialists to manage their global payments — and how it could help you scale faster.
Further reading on Ofx - Guides, Reviews & News from our research team.
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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