About this pair
GBP/PHP: what to know
The GBP/PHP rate shows how much PHP you get for 1 GBP. Right now, 1 GBP buys 84.7506 PHP at the mid-market rate. In the other direction, 1 PHP is worth 0.0118 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while PHP responds to overseas remittances and trade flows.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.