The Philippine Peso buy back rates below were last updated 8 minutes ago
Unless you intend returning to the Philippines in the near future you should consider exchanging left over currency back into Pounds as soon as possible. The best Philippine Peso buy back rates can usually be found online. Specialist brokers who buy and sell currency over the internet have much lower overheads than their high street counterparts and they pass these savings directly on to you. Avoid the banks and travel agents as these places tend to offer the worst buy back rates.
You should also be way of suppliers such as the Post Office who offer buy back guarantees when you place your order with them. These deals usually involve paying a set fee for the privilege of being able to sell your unused currency back to them when you return from abroad, however they can also lock you in to uncompetitive buy back rates which will limit the amount of money you’ll receive.
Keep your options open by comparing independent suppliers for the best buy back rates. Use our unique comparison table above to compare today’s latest Philippine Peso buy back rates and see how much you could save by selling online compared to the high street.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Philippine Peso buy back rate has worsened by 0.07% from last Sunday's rate of 61.933 to today's rate of 61.9770 which means ₱10000 is worth £0.11 less today than it did a week ago. During this period the worst time to sell was on Tuesday at 62.105 and the best time to sell was on Wednesday at 61.268.
The 90 day outlook has seen the Philippine Peso buy back rate improve by 5.39% from 65.509 on 25th July 2016 to 61.9770 today. Based on these figures, ₱10000 is worth £8.70 more today than it did three months ago. The worst buy back rate we recorded was 66.518 on 12th September 2016 and the best buy back rate we recorded was 61.268 on 19th October 2016.
Posted by Matthew Weston on 21st October 2016
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