About this pair
PHP/GBP: what to know
The PHP/GBP rate shows how much GBP you get for 1 PHP. Right now, 1 PHP buys 0.0121 GBP at the mid-market rate. In the other direction, 1 GBP is worth 82.4103 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while GBP responds to Bank of England policy and the UK economy.
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. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
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.