What Currency Does the Philippines Use?

The Philippines uses the Philippine peso (PHP). UK travellers must pay in pesos—pounds are not accepted.

What Currency Does the Philippines Use? (UK Traveller’s Guide)

If you’re travelling to the Philippines from the UK—whether you're heading to Manila, Cebu, Palawan or Boracay—it's important to know what currency to bring. While the country is well-equipped for tourists, cash still plays a big role in day-to-day transactions. This guide explains what currency is used in the Philippines, how it works, and what UK travellers should expect when spending abroad.

What Is the Official Currency of the Philippines?

The official currency of the Philippines is the Philippine peso.

  • Currency name: Philippine peso

  • Currency symbol: ₱

  • ISO code: PHP

  • Subunit: 1 peso = 100 centavos

The peso is issued and regulated by the Bangko Sentral ng Pilipinas (BSP).

How Currency Works in the Philippines

  • Prices for goods, services, and transport are displayed in PHP

  • Cash is widely used, especially in markets, small shops, and rural areas

  • Credit and debit cards are accepted in hotels, malls, restaurants, and airports, but not everywhere

  • ATMs are available in most cities and major tourist spots, but may be limited on smaller islands

  • Many ATMs charge a withdrawal fee for foreign cards

The peso is a high-denomination currency, so expect to carry notes in amounts like ₱500 or ₱1,000.

Tips for UK Travellers

  • Use a travel-friendly debit card (Wise, Monzo, Starling or Chase) to avoid foreign transaction fees

  • Bring some GBP or USD cash to exchange locally if needed—banks or money changers often offer better rates than airport kiosks

  • Always choose to pay in PHP when using a card to avoid poor exchange rates from dynamic currency conversion

  • Carry cash for tipping, jeepneys, tricycles, and smaller establishments

Currency Exchange Rates

As of 2024 (approximate):

  • £1 = ₱70–75

  • Always check live exchange rates before your trip or transaction

FAQs

Can I use pounds in the Philippines?
No. Only Philippine pesos are accepted for purchases. Exchange your GBP for PHP on arrival or use an ATM.

Do I need cash in the Philippines?
Yes. Cash is essential, especially outside major cities. Carry smaller denominations for convenience.

Are cards accepted in the Philippines?
Yes, but only in more developed areas. Use cash for transport, markets and local eateries.