That's a good exchange rate for us Brits.

That's bad for the Philippines!!!!

The US exchange rate is technically still better.. on average our wages are 40-45% higher than the UK's a year.. and you guys pay 6-10%+ more in taxes on average.. if you earn more than average you pay more.

It's good until you start comparing things like inflation

Remember how much this hits the locals. Add an extra 10-20 pesos for the trike driver, the delivery guy, or the guy/kid who stops traffic for you when you park.