GBP to PHP today: British pound to Philippine peso
1 British pound = ₱82.8023, and ₱1,000 buys 12.08 GBP. On a typical 120 GBP transfer from the United Kingdom (₱9,936 today), the cheapest firm in the World Bank's Q3 2025 survey keeps ₱43.72 and the dearest ₱870.42. Against 2 Oct 2025, when it was ₱78.5160, 1,000 GBP brings ₱4,286.26 more (1,000 × ₱4.2863). Next: pick a firm from the cost table, then collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 2 Oct 2026. Working: US$1.32 per GBP × ₱62.7480 per US$ = ₱82.8023.
1 GBP = ₱82.8023 · ₱1 = 0.0121 GBP · official rate (BSP bulletin), 2 Oct 2026
The converter applies the 2 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 2 Oct 2026 give ₱82.6326 per GBP (₱70.2650 per euro ÷ 0.8503 GBP per euro), 0.20% below the BSP figure. The ECB fixes around 14:10 CET, while BSP uses New York closes of 1 Oct 2026, so the two are taken at different times. Changing pesos into British pounds instead? PHP to GBP has bank selling rates.
What sending GBP to the Philippines costs
World Bank Q3 2025 survey, United Kingdom: 10 firms priced a 120 GBP transfer (about US$200, ₱9,936 today) at 0.44% to 8.76% of the amount, fee and rate margin together, 3.33% on average. The gap between the two ends is ₱826.70 per transfer (8.32% × ₱9,936.27).
| Firm | Paid out as | Speed | Fee (GBP) | Rate margin | Total cost | Pesos lost | Cost on US$500 |
|---|---|---|---|---|---|---|---|
| MoneyGramMoney Transfer Operator | Mobile wallet | Less than one hour | 0.00 | 0.44% | 0.44% | ₱43.72 | 0.44% |
| WorldRemitMoney Transfer Operator | Mobile wallet | Less than one hour | 0.00 | 0.61% | 0.61% | ₱60.61 | 0.61% |
| WiseMoney Transfer Operator | Bank account | Next day | 1.32 | 0.01% | 1.11% | ₱110.29 | 0.81% |
| PaysendMoney Transfer Operator | Bank account | Less than one hour | 1.00 | 0.31% | 1.14% | ₱113.27 | 0.64% |
| RiaMoney Transfer Operator | Bank account | Less than one hour | 1.99 | 0.20% | 1.86% | ₱184.81 | 0.86% |
| RemitlyMoney Transfer Operator | Cash | Less than one hour | 1.99 | 0.83% | 2.49% | ₱247.41 | 1.49% |
| Western UnionMoney Transfer Operator | Cash | Less than one hour | 1.99 | 1.47% | 3.13% | ₱311.01 | 2.13% |
| XoomMoney Transfer Operator | Bank account | Same day | 1.99 | 2.81% | 4.47% | ₱444.15 | 3.47% |
| PNB (Philippines National Bank)Bank | Cash | Same day | 5.50 | 0.06% | 4.64% | ₱461.04 | 1.89% |
| iRemitMoney Transfer Operator | Bank account | 6 days or more | 6.00 | 3.76% | 8.76% | ₱870.42 | 5.76% |
United Kingdom to the Philippines, 120 GBP, surveyed 8 Aug 2025 to 1 Sep 2025. Cheapest product per firm.
Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Pesos lost = total cost × the amount in pesos at today's rate. A negative cost means the firm paid out more than the market rate on the survey day.
Check a quote against the official rate
Type the GBP amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send. The Q3 2025 survey average above, 3.33%, is a fair yardstick.
- What this transfer costs you against the official rate
- ₱621.02 (1.50%)
- At the official rate
- ₱41,401.13
- Provider's effective rate
- ₱81.5602
Rate used: 1 GBP = ₱82.8023, 2 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
Converting GBP at a Philippine bank
GBP to PHP over 30, 90 and 365 days
| Period to 2 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱84.97468 Sep 2026 | ₱82.661430 Sep 2026 | ₱83.9527 | -1.82%from ₱84.3405 |
| 90 days 64 rates | ₱84.97468 Sep 2026 | ₱81.68067 Aug 2026 | ₱83.2021 | +0.70%from ₱82.2288 |
| 365 days 245 rates | ₱84.97468 Sep 2026 | ₱76.43925 Nov 2025 | ₱80.7024 | +5.46%from ₱78.5160 |
Pesos per 1 GBP. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
GBP and PHP amounts, both ways
GBP to PHP
| 1 GBP | ₱82.8023 |
|---|---|
| 5 GBP | ₱414.01 |
| 10 GBP | ₱828.02 |
| 50 GBP | ₱4,140.11 |
| 100 GBP | ₱8,280.23 |
| 500 GBP | ₱41,401.13 |
| 1,000 GBP | ₱82,802.26 |
| 5,000 GBP | ₱414,011.30 |
Each row: amount × ₱82.8023, the 2 Oct 2026 rate, before fees.
PHP to GBP
| ₱100 | 1.21 GBP |
|---|---|
| ₱500 | 6.04 GBP |
| ₱1,000 | 12.08 GBP |
| ₱5,000 | 60.38 GBP |
| ₱10,000 | 120.77 GBP |
| ₱50,000 | 603.85 GBP |
Each row: pesos ÷ ₱82.8023, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving GBP transfers in the Philippines
Cash remittances from the United Kingdom reached US$1.65 billion in 2025 (BSP, preliminary).
The 10 surveyed firms offer 38 ways to send on this corridor: 17 pay out as cash for pickup, 16 pay out into a bank account, 5 pay out to a mobile wallet; 23 arrive in less than an hour. Cash pickup works at BSP-registered remittance agents, pawnshops and banks; a bank or e-wallet credit saves the trip.
If you hold GBP cash, BPI's posted buying rate is ₱80.6633 (2 Oct 2026, 4:19 PM) and Metrobank buys notes at ₱79.2000 (2 Oct 2026, 9:09 AM). Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats GBP you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts GBP amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
GBP to PHP questions
How much is 2,000 GBP in Philippine pesos?
2,000 × ₱82.8023 = ₱165,604.52 at the 2 Oct 2026 rate, and 10,000 GBP is ₱828,022.61. What arrives is lower by the provider's fee and rate margin.
What is the highest GBP to PHP rate?
In the three years to 2 Oct 2026 the highest daily value was ₱84.9746 on 8 Sep 2026 and the lowest ₱68.3610 on 10 Nov 2023. By monthly average, the highest since January 1978 was ₱108.5372 in December 2004. Source: BSP daily peso cross rates.
Will the British pound go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of the United Kingdom, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱76.4392 (5 Nov 2025) to ₱84.9746 (8 Sep 2026).
Why does my bank or app give less than ₱82.8023?
This is a reference rate with no spread. Banks buy below it: BPI posted ₱80.6633 per GBP (2 Oct 2026, 4:19 PM) and Metrobank posted ₱82.1500 per GBP (2 Oct 2026, 9:09 AM). Remittance firms add a fee and a rate margin; compare the pesos that arrive. Source: BPI rates page.
Which rate applies on a weekend or holiday?
The Friday 2 Oct 2026 bulletin, generated by the BSP at 08:43 AM, stays the reference until the next one, Monday 5 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from the United Kingdom?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 2 Oct 2026 rate, ₱250,000 is 3,019.24 GBP. Source: RA 10963 (TRAIN), Sec. 99.