Compare today's GBP to PHP (British Pound to Philippine Peso) exchange rates
📈 UK to Philippines Money Transfer Snapshot Today
- Best GBP to PHP exchange rate today: PHP 80.9900, offered by Remitly
- Number of money transfer providers compared: 24
- Exchange rate range: PHP 77.4632 to PHP 80.9900
- Potential savings on GBP 1000: PHP 3,526.80
- Number of deals and promo codes: 14
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real GBP to PHP exchange rate before providers add their margin or fees. exchange rate: 1 GBP = PHP 79.5264 (Updated about an hour ago)
See detailed UK to Philippines money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 Special exchange rate applied for first transfer
📢 Get promotional rate on your first transfer
📢 New! Cash pickup available
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's GBP-PHP exchange rates mean for you
Compare today's GBP-PHP exchange rates and send money from UK to Philippines after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 24 providers that you can rely on for UK to Philippines money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive UK to Philippines Providers
🥇 Remitly with 1 GBP = 80.9900 PHP (best GBP to PHP exchange rate today).
🥈 Western Union offering 1 GBP = 80.4555 PHP.
The exchange rate provided by these 24 providers ranges from PHP 77.4632 to PHP 80.9900. For a GBP 1000 money transfer from UK to Philippines, that could mean up to PHP 3,526.80 saved on FX alone.
GBP-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final PHP payout that your recipient gets in Philippines.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your UK to Philippines remittances.
🔄 Looking for the reverse corridor? Send money from Philippines to UK instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from UK.
👇 We also suggest looking beyond today's GBP-PHP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst GBP-PHP exchange rate is crucial, historical data shows that transfer fees, GBP amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze UK to Philippines historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your PHP payout.
Data-driven cost insights for UK to Philippines money transfers
When you send money internationally from UK to Philippines, the key factors that will influence the overall cost of your transaction are:
- GBP-PHP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.
Another counter-balancing aspect is money transfer speed. If you need to rush money from UK to Philippines, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for UK to Philippines money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 879 actual UK to Philippines money transfers handled by 15 providers over the last 5 years (for a GBP 120 remittance benchmark).
This data-driven approach using real GBP-PHP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for UK to Philippines money transfers
- Average total cost: 3.74% (range -1.08% to 14.26%, spread 15.34 percentage points)
- Potential payout difference: On a GBP 120 transfer, the above variation can save you up to GBP 18.41.
- Average FX markup: 0.90% (range -2.74%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 11.86%, spread 14.60 percentage points) - Average transfer fee: GBP 3.41 (range GBP 0.00 to GBP 10.00)
- Cheapest payment/delivery method combo: Credit Card → Mobile Wallet (1.93% avg cost); most expensive is Cash → Mobile Wallet (7.01%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 5.07% (GBP 6.09 on GBP 120 transfer).
- Market coverage: ~15 providers on average (competition level: competitive)
- Average speed: About 20 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your UK to Philippines money transfers.
📈 GBP to PHP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your UK to Philippines money transfers is usually the single biggest factor that will determine your overall GBP cost and your recipient's PHP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a GBP 120 money transfer benchmark, we see the following FX markup ranges for British Pound to Philippines transfers:
- Average markup: 0.90%
- Median markup: 0.72%
- Lowest markup: -2.74%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 11.86%
That is a spread of 14.60 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a GBP 120 transfer, the above markup range is equivalent to roughly PHP 17.52 purely from differences in the exchange rate. That incremental saving increases to PHP 43.80 for a GBP 300 transfer.
🛠️ How to use this insight: When comparing providers for UK to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
GBP to PHP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total UK to Philippines remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your British Pound reaches your recipient in Philippines.
Based on data from last 5 years, we notice the below about British Pound to Philippines money transfer fees:
- Average fee: GBP 3.41
- Median fee: GBP 2.99
- Lowest fee: GBP 0.00
- Highest fee: GBP 10.00
The average fee amount of GBP 3.41 noted above represents 2.84% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by GBP 10.00.
🛠️ How to use this insight: For your next money transfer from UK to Philippine Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for GBP-PHP remittances
Based on our detailed analysis of historical UK to Philippines data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Philippines from UK:
- Debit Card: 3.08%
- Credit Card: 3.18%
- Bank Account Transfer: 3.68%
- Cash: 5.67%
That is a total spread of 2.59 percentage points.
This means that on a GBP 120 transfer, you could save up to GBP 3.11 simply by choosing the best priced payment method.
These savings will only multiply for higher GBP amounts.
Here is the average cost of popular delivery methods used to send money from UK to Philippines:
- Mobile Wallet: 2.63%
- Bank Deposit: 2.94%
- Cash Pickup: 4.50%
The cost difference between the above delivery methods is 1.88 percentage points.
Once again, this means that you could save up to GBP 2.25 on a GBP 120 transfer to Philippines by choosing Mobile Wallet versus Cash Pickup.
As you can imagine, the possible combinations of UK payment methods and Philippines delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for UK to PHP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Mobile Wallet | 1.93 |
| Debit Card | Mobile Wallet | 1.93 |
| Debit Card | Bank Deposit | 2.15 |
| Bank Account Transfer | Mobile Wallet | 2.29 |
| Credit Card | Bank Deposit | 2.32 |
| Bank Account Transfer | Bank Deposit | 3.21 |
| Debit Card | Cash Pickup | 4.02 |
| Credit Card | Cash Pickup | 4.08 |
| Cash | Bank Deposit | 4.25 |
| Bank Account Transfer | Cash Pickup | 4.35 |
| Cash | Cash Pickup | 6.16 |
| Cash | Mobile Wallet | 7.01 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these GBP-PHP payment and delivery options is significant. Here are some observations:
- Credit Card → Mobile Wallet has the lowest average cost at 1.93%.
- Cash → Mobile Wallet has the highest average cost at 7.01%.
- Credit Card → Mobile Wallet average cost is 5.07 percentage points lower than that of Cash → Mobile Wallet.
- This means that on a GBP 120 money transfer, you could save up to GBP 8.41 simply by choosing the best payment and delivery method combo.
- Further, on a GBP 300 money transfer, the savings increase to GBP 21.02.
Here is a quick summary of the average historical cost of various payment and delivery methods for GBP to Philippines money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Debit Card averaged 3.08%, compared to 5.67% for Cash, a difference of 2.59 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 2.63%, compared to 4.50% for Cash Pickup (1.88 percentage points higher).
- Cheapest combo: Credit Card → Mobile Wallet averaged 1.93%, which is 5.07 percentage points lower than Cash → Mobile Wallet (7.01%).
🛠️ How to use this insight: As you compare money transfer providers for your next UK to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your UK to Philippines remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for GBP-PHP remittances?
When we compared UK banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 1.85 percentage points more on average than money transfer providers for UK to Philippines remittances.
This means banks tend to be approximately 1.51x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | GBP 5.98 | GBP 3.20 | GBP 2.78 |
| Exchange rate markup | 0.47% | 0.94% | -0.47 pp* |
| Average total cost (%) | 5.46% | 3.61% | 1.85 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in UK may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in UK, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of GBP-PHP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending GBP 120 vs GBP 300 from UK to Philippines.
We found that sending a higher amount (GBP 300) tends to be cheaper - average cost drops from 3.74% to 2.11%, a reduction of 1.63 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher British Pound amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the UK to Philippines remittance market?
Based on data from the last 5 years, GBP-PHP money transfers are provided on an average by 15 remittance companies. With around 15 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 6.7% of active providers in this corridor (1 out of 15), meaning money transfer companies make up the majority.
The good news is that you can currently compare 24 providers on RemitFinder for GBP-PHP transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your UK to Philippines remittances.
⏱️ How fast are GBP-PHP money transfers?
If your recipient in Philippines needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for UK to Philippines transfers when it comes to processing time:
- Average transfer time: About 20 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at GBP 120: About 20 hours.
- Average speed at GBP 300: About 20 hours.
Banks vs money transfer providers speed comparison: Banks take 11 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from UK to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.
UK to Philippines transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about UK to Philippines money transfers
These FAQs use data from RemitFinder's historical analysis of UK to Philippines money transfers over several years.
What factors affect the total cost of sending money from UK to Philippines?
The total cost of your GBP-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect UK to Philippines transfers?
Historical GBP to PHP exchange rate markup ranges from -2.74% to 11.86%, a spread of 14.60 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can GBP-PHP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative GBP-PHP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for UK to Philippines transfers?
Exchange rate markup ranges from -2.74% to 11.86% (a spread of 14.60 percentage points).
Transfer fees range from GBP 0.00 to GBP 10.00, which equals roughly 8.33% on a GBP 120.00 transfer.
At both GBP 120.00 and GBP 300.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for UK to Philippines transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger GBP amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your GBP.
How much can UK to Philippines transfer costs vary between providers?
Historical transfer cost ranges from -1.08% to 14.26% for GBP transfers to Philippines. That is a spread of 15.34 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.74% to 11.86% (a spread of 14.60 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.
Why do various money transfer providers price GBP to Philippines transfers differently?
If you send the same British Pound amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.
How stable are transfer costs in the UK to Philippines corridor?
When we analyzed the historical total cost for GBP-PHP transfers, we observed a range from -1.08% to 14.26% (15.34 percentage points difference), along with a variability (standard deviation) of 2.19%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.74% to 11.86% (14.60 percentage points difference), with a standard deviation of 1.18%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your GBP-PHP transfers.
Which payment method is cheapest for UK to Philippines remittances?
Debit Card is the cheapest payment method in UK based on its average cost at 3.08% (compared to Cash at 5.67%, a difference of 2.59 percentage points).
Based on this, we recommend paying for your GBP transfer with Debit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for UK to Philippines transfers?
Debit Card is cheaper on average when sending money to Philippines from UK since it costs 3.08% (compared to 3.18% for Credit Card payments, a difference of 0.10 percentage points).
As a result, we recommend that you avoid paying for your transfer to Philippines with a Credit Card.
Which delivery method is cheapest for GBP-PHP money transfers?
Mobile Wallet is the cheapest delivery method in Philippines as it costs 2.63% (compared to Cash Pickup at 4.50%, a spread of 1.88 percentage points).
If your recipient in Philippines can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for GBP-PHP transfers.
Is Bank Deposit cheaper than Cash Pickup for UK to Philippines transfers?
Bank Deposit is cheaper for transfers to Philippines given its 2.94% average cost (versus 4.50% for Cash Pickup, a difference of 1.57 percentage points).
To save more, consider choosing the cheapest delivery option for Philippines.
What is the cheapest way to send money from UK to Philippines?
We evaluated 12 payment and delivery method combinations for UK to Philippines remittances.
Based on historical data, Credit Card → Mobile Wallet is the cheapest combination with 1.93% cost.
At the other end of the spectrum, Cash → Mobile Wallet is the most expensive combination at 7.01% cost. That is a difference of 5.07 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for UK to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your GBP-PHP transfers.
Does sending more money reduce the cost for UK to Philippines transfers?
Larger GBP-PHP transfers are cheaper on average.
The cost of a GBP 120 transfer averages 3.74% as compared to 2.11% for a GBP 300 transfer, a difference of 1.63 percentage points.
How long does it take to send money from UK to Philippines?
Based on our analysis, the average transfer time for GBP-PHP transfers is 20 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from UK to Philippines?
Yes, historical data shows that some transfers to Philippines from UK can complete in less than one hour.
Note that the actual speed of your GBP-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for UK to Philippines?
Banks in UK are more expensive than money transfer providers.
The average cost of banks is 5.46% compared to 3.61% for money transfer providers in UK, a difference of 1.85 percentage points.
Why do banks charge more for UK to Philippines transfers?
Bank transfers in UK cost 5.46% compared to 3.61% for money transfer companies.
The difference is often due to the fact that banks in UK provider lower exchange rates and charge high wire transfer fees.
How competitive is the UK to Philippines remittance market?
Based on historical data, the competition level in UK to Philippines is considered competitive with 15 active providers.
Money transfer providers represent about 93.3% of identified providers in UK.
Do I risk overpaying if I do not compare providers for UK to Philippines?
Historically, total GBP-PHP transfer cost has varied by 15.34 percentage points. On a GBP 120 transfer, that can translate to GBP 18.41 in savings.
GBP-PHP exchange rate markup also varies across providers. The average markup spread has been about 14.60 percentage points. On a GBP 120 transfer, that could be GBP 17.52 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about GBP 10.00 across providers.
That is why comparing providers can materially change how much of the GBP you send does your recipient receive in Philippines in Philippines.
Latest GBP to PHP Conversion Rates
Here are some latest GBP to PHP (British Pound to Philippine Peso) exchange rates for popular conversion amounts*.
| 1 GBP | 79.53 PHP |
| 5 GBP | 397.63 PHP |
| 10 GBP | 795.26 PHP |
| 25 GBP | 1,988.16 PHP |
| 50 GBP | 3,976.32 PHP |
| 100 GBP | 7,952.64 PHP |
| 150 GBP | 11,928.96 PHP |
| 200 GBP | 15,905.28 PHP |
| 250 GBP | 19,881.60 PHP |
| 300 GBP | 23,857.92 PHP |
| 400 GBP | 31,810.56 PHP |
| 500 GBP | 39,763.20 PHP |
| 600 GBP | 47,715.84 PHP |
| 700 GBP | 55,668.48 PHP |
| 800 GBP | 63,621.12 PHP |
| 1000 GBP | 79,526.40 PHP |
| 1500 GBP | 119,289.60 PHP |
| 2000 GBP | 159,052.80 PHP |
| 2500 GBP | 198,816.00 PHP |
| 3000 GBP | 238,579.20 PHP |
| 4000 GBP | 318,105.60 PHP |
| 5000 GBP | 397,632.00 PHP |
| 10000 GBP | 795,264.00 PHP |
| 15000 GBP | 1,192,896.00 PHP |
| 20000 GBP | 1,590,528.00 PHP |
| 30000 GBP | 2,385,792.00 PHP |
| 40000 GBP | 3,181,056.00 PHP |
| 50000 GBP | 3,976,320.00 PHP |
| 100000 GBP | 7,952,640.00 PHP |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from UK
- Send money from UK to Benin
- Send money from UK to Cote d'ivoire (Ivory Coast)
- Send money from UK to Fiji
- Send money from UK to Gambia
- Send money from UK to Iceland
- Send money from UK to Laos
- Send money from UK to Macedonia
- Send money from UK to Malawi
- Send money from UK to Malta
- Send money from UK to Mauritius
- Send money from UK to Mozambique
- Send money from UK to Niger
- Send money from UK to Rwanda
- Send money from UK to Saudi Arabia
- Send money from UK to Tonga
- Send money from UK to Venezuela
1 Based on 879 pricing observations across 15 firms over the last 5 years for a GBP 120 money transfer from UK to Philippines. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the UK to Philippines remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.