United Kingdom → Philippines

What the United Kingdom → Philippines Data Tells Us

Sending money from United Kingdom to Philippines currently costs an average of 3.42% of the transfer amount, according to World Bank Remittance Prices Worldwide (RPW) data as of 2025Q1. That is 3.3 percentage points below the 6.7% average of the 322 corridors we track, and well under the World Bank's reported global average of about 6.4% - a relatively affordable route.

On the cheapest end of the market, WorldRemit delivers this corridor at 1.03% - the floor price a United Kingdom-based sender can realistically access today. The full panel includes 10 tracked providers.

This corridor moves roughly $1.5B in remittances each year, so even a one-percentage-point reduction in cost would return tens of millions of dollars annually to families in Philippines. Costs here have eased 0.31 percentage points over the tracked period, a real if modest gain for senders as competition increased.

Across the 53 quarters of World Bank RPW data on record for this corridor, the average cost has ranged from 3.3% to 7.6%, and 0 of those 53 quarters (0%) met the UN SDG 3% target outright. Quarter-to-quarter pricing on this route has swung considerably (1.28pp standard deviation across the full record) - worth checking the current quarter's reading specifically rather than relying on the long-run average.