GBP
PHPTransfer Money from United Kingdom to Philippines
Compare GBP to PHP rates from 7 FCA-regulated providers.
1 GBP = 83.9375 PHP
Send 1,000 GBP
Best rate: 83,710.89 PHP
via Currencies Direct (0.27% margin)
They receive approximately
PHP 83,937.52
At mid-market rate. Provider rates shown below.
83.7109
via Currencies Direct
Seconds - 2 hrs
via Wise
None
via Currencies Direct
£56
vs typical UK bank
Compare GBP to PHP Providers
Sending 1,000 GBP to Philippines. Rates are indicative and based on each provider's typical margin from the mid-market rate.
Currencies Direct
Top rated for this transferFee & Exchange Rate
You receive
PHP 83,710.89
Key Currency
Fee & Exchange Rate
You receive
PHP 83,685.71
TorFX
Fee & Exchange Rate
You receive
PHP 83,660.52
XE
Fee & Exchange Rate
You receive
PHP 83,702.49
OFX
Fee & Exchange Rate
You receive
PHP 83,635.34
Wise
Fee & Exchange Rate
You receive
PHP 83,895.55
Western Union
Fee & Exchange Rate
You receive
PHP 83,107.81
How we calculate rates: We show each provider's estimated exchange rate based on their typical margin from the live mid-market rate (83.9375 PHP per GBP). Providers marked with an info icon offer bespoke quotes -- your actual rate may differ. We earn commissions when you use providers through our links. Read our editorial policy.
GBP/PHP Exchange Rate Analysis
Rate trends, provider comparison, and cost breakdown for your 1,000 GBP transfer.
GBP/PHP Rate History (30 Days)
Mid-market rate trend. Current rate: 83.9375
Provider Comparison (PHP Received)
How much PHP you receive from each provider. Grey bar = perfect mid-market rate (no margin).
Cost Breakdown: Currencies Direct
Total cost of this transfer: 0.27% of the mid-market value
Is Now a Good Time to Transfer GBP to PHP?
How today's rate compares to the 12-month trend
12-Month Trend
The GBP/PHP rate is 0.6% below the 12-month average. You may want to set a rate alert for a better rate.
Past performance does not indicate future rates. Exchange rates are affected by interest rate decisions, inflation data, political events, and market sentiment. This is for informational purposes only, not financial advice.
Deep Dive: Cost & Speed Analysis
Detailed breakdowns to help you choose the best provider for your transfer
Bank vs Specialist Savings
How much more PHP you get using Currencies Direct vs a typical UK bank
78,974.71 PHP
Rate: 80.9997 + £25 fee
83,710.89 PHP
Rate: 83.7109 + no fee
Bank estimate based on typical UK high-street bank margin of 3.5% and £25 transfer fee. Actual bank costs vary. This is for illustrative purposes only.
Delivery Speed to Philippines
Estimated time for your transfer to arrive, from fastest to slowest
Cost by Transfer Amount
Total cost (in GBP) at different transfer sizes. Lower is better. Providers with flat fees become more competitive on larger amounts.
Key insight: Currencies Direct has zero fees and a tight margin, making it consistently competitive across all amounts. For transfers over £50,000, contact providers directly for a bespoke rate — it's nearly always better than the online price.
How to Transfer GBP to PHP
Compare Rates Above
Use the provider cards above to see how much PHP you'll receive for your GBP. The live mid-market rate is 83.9375 -- providers typically charge 0.05%-0.80% below this.
Create an Account
Sign up with your chosen provider. You will need valid photo ID and proof of address. Most providers verify you within minutes.
Send Your Transfer
Enter the amount in GBP, add your recipient's bank details in Philippines, and confirm. Funds typically arrive within 1-3 business days.
Learn More
How Transfers Work
SWIFT, correspondent banking, and settlement explained.
Mid-Market Rate Guide
What the mid-market rate is and why it matters.
Forward Contracts
Lock in today's rate for up to 24 months ahead.
FCA Regulation Guide
Why regulation matters for your transfers.
Hidden Costs of Transfers
How banks hide fees in exchange rate markups.
Buying Property Abroad
Currency management for overseas real estate.
All Provider Reviews
In-depth expert reviews of every listed provider.
Compare All Rates
Back to the homepage to compare a different corridor.
Key Facts: GBP to PHP Transfers
Payment Network
PhilPASS / PESONet / InstaPay
Typical Speed
1-3 business days
Currency Symbol
₱ (PHP)
Bank Details
Bank name, branch, account number
Banking & Payment Details for Philippines
The Philippines uses PhilPASS for real-time high-value transfers, PESONet for batch processing, and InstaPay for small instant transfers. International remittances arrive via SWIFT to the recipient's peso account. You will need the bank name, branch, and account number. The BSP (Bangko Sentral ng Pilipinas) regulates all inbound foreign exchange transactions.
Tips for Sending GBP to Philippines
The UK-Philippines corridor is one of the highest-volume remittance routes. Competition keeps rates reasonable.
For smaller amounts, some providers offer cash pickup at local banks or pawnshops, which can be faster than bank deposits.
Philippine banks may charge PHP 50-200 as an incoming transfer fee. GCash and Maya also accept international transfers.
The GBP/PHP rate is volatile. Consider setting a rate alert for your target rate rather than transferring at the first rate you see.
Regulatory & Tax Considerations
Key rules and thresholds when transferring money between United Kingdom and Philippines
UK FCA Authorisation Required
All money transfer providers operating in the UK must be authorised by the Financial Conduct Authority (FCA) as an Authorised Payment Institution or Electronic Money Institution. Every provider in our comparison holds an active FCA authorisation. You can verify this at register.fca.org.uk.
UK: Transfers Over £10,000
UK money transfer providers are required to collect additional information for transfers over £10,000 under the Money Laundering Regulations 2017. You may need to provide proof of source of funds (e.g. payslip, sale contract, bank statement). This is standard compliance -- not a sign of a problem.
Capital Gains on Currency Movements
If you hold a foreign currency balance and the exchange rate moves in your favour before converting back to GBP, any gain over the annual exempt amount (£3,000 for 2024/25) may be subject to Capital Gains Tax. This primarily affects people holding large amounts in foreign accounts.
Philippines: BSP Reporting
The Bangko Sentral ng Pilipinas requires banks to report cross-border transfers exceeding PHP 500,000 (approximately £7,000). This is automatic and does not delay your transfer.
Philippines: AMLA Compliance
Under the Anti-Money Laundering Act (AMLA), Philippine banks may request documentation for large incoming transfers. Your recipient may need to show ID and explain the purpose of the transfer.
This is general information only and does not constitute legal, tax, or financial advice. Consult a qualified professional for advice specific to your circumstances.
GBP to PHP Transfer FAQs
We're a comparison service, not financial advisors. The information above is for general guidance only. See our terms for full details.
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