Today’s Exchange Rate Of GBP to PHP
GBP TO PHP — Here is the exchange rate between the British Pound and the Philippine Peso today, August 4, 2022.
Pinoys from the United Kingdom are sending money to their family or loved ones in the Philippines, while Filipinos from the Philippines are receiving regular remittances from a family member or a loved one living or working in the UK.
GBP-PHP rate matters to you regardless of whether you are a receiver of money from a family member or a loved one in the United Kingdom or a sender of remittances to your family or loved ones. You can have your GBP converted to PHP through money exchange services and financial institutions.
The Philippines’ financial institutions offer money exchange rate services during weekdays — including Asia United Bank (AUB). Here is the British Pound to Philippine Peso exchange rate for today, August 4, 2022:
1 British Pound (GBP) to Philippine Peso (PHP)
- Buying: 66.9785
- Selling: 68.4721
Most Filipinos chose to live or work outside the Philippines as they want to earn a sustainable income and to also have a more comfortable and better life.
Even though the Regional Tripartite Wages and Productivity Board (RTWPB) has granted a wage hike to some regions in the Philippines, there are several countries that have a promising exchange rate of their currencies with the Philippine Peso.
With this, Filipinos chose to live or work abroad to help their families in the Philippines by sending remittances.
According to a report in Manila Bulletin last August 3, the Bangko Sentral ng Pilipinas’ signalled rate hike this month may be enough in order to ensure that high inflation will be back to below 4% by 2023.