British pounds to Philippine peso exchange rates

The lowdown on the Philippine peso

The Philippines is a former colony of both Spain and later, the Unite States. As a result of the latter, Philippine banknotes and coins were printed in English until 1967. As a result the term ‘Peso’ changed to ‘Piso’ when Filipino was introduced as the official written language. The Philippine peso has come a long way, with bartering and gold rings being changed for coins during the Spanish colonial era of the 16^th century. The Central Bank of the Philippines was established in 1949.

Historic British pound to Philippine peso rates

The pound was much stronger against the peso before the 2008 global financial crisis, falling from a peak of ₱90.22 on 15 July 2008 to a low of ₱64.09 on 26 January 2009. The pound/peso exchange rate has remained relatively flat for the past five years, fluctuating between ₱60 and ₱70. Regular market factors influence the rate. The pound traded at a pre-Brexit spike level of ₱69.26 before falling to a post-Brexit low of ₱58.66 on 25 October 2016. Since January 2017 the pound has shown a strengthening trend against the peso, peaking at ₱65.07 at the end of April 2017, before sliding slightly. It is currently relatively flat at ₱64.11.