1. Exchange Rates
  2. British pound sterling (GBP)
  3. Japanese yen (JPY)

Convert GBP to JPY at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible GBP to JPY rate, these are :

  1. The GBP/JPY foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 British pound sterling equals
Japanese yen 1=

Right now the GBP/JPY market rate is and represents how many Japanese yen you can get for one British pound sterling. You can calculate with the current mid-rate using our GBP to JPY calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same GBP/JPY market rate I see on Google or in the Media?

When you look up the current British pound sterling to Japanese yen exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

GBP to JPY mid-rate on google

GBP to JPY mid-rate on google search

Getting a great GBP to JPY mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below GBP to JPY calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific British pound sterling cross rates and reviews of leading foreign exchange providers versus the Banks.

GBP to JPY mid-rate calculator

1 GBP equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading GBP/JPY Chart

British pound sterling - market update

2018 started well for the British pound. The currency climbed in mid-January to a 19-month high against the dollar of $1.374 after news broke that the Netherlands and Spain had agreed to seek a Brexit deal that would keep Britain as close to the EU as possible – indicative of a softer Brexit. Sterling was stable against the euro, buying roughly €1.125.

In 2017, sterling had risen steadily against the dollar, from levels in the $1.19s in January to $1.35 by the end of December. However, like all other G10 currencies, it lost value against the euro (roughly 4%).

In 2018, sterling is set to climb to $1.50 against USD according to forecasters at Dutch bank ING. The British currency will be assisted by broad US dollar weakness, a “positive re-appraisal of the UK economic outlook” and a “hawkish re-pricing of Bank of England policy expectations” that will follow a UK-EU trade deal.

Against the euro, sterling will likely suffer in 2018. Analysts at UBS predict GBP/EUR to fall to 1.05 by year-end, from December '17 rates near 1.126.

Japanese yen - market update

The Japanese yen spent eleven of 2017’s twelve months trading up and down between 108 and 115 per US dollar. Volatility in USD/JPY was low relative to recent years and yen traders will be hoping for more activity and a sustained trend in 2018.

In 2018, a break above 115 is more likely than one below 108, according to UBS. The Swiss bank believes that October’s re-election of Shinzo Abe as Japanese Prime Minister makes it probable that the Bank of Japan maintains loose monetary policy in the coming year. Coupled with a Federal Reserve that is expected to hike US interest rates twice in 2018, and you’re left with only one possible conclusion, says UBS: a higher USD/JPY rate.

In late December ’17, the yen fell to a twenty-six-month low against the euro (a EUR/JPY high). EUR/JPY came within a whisker of 135.

Like the Federal Reserve, the European Central Bank is expected to tighten monetary conditions in 2018 (via a tapering of its bond-buying program) and this makes it likely that the yen continues to lose value against the euro.

One obvious caveat to yen weakness is North Korea. Due to the yen's status as a safe haven, weakness in the currency will be limited by any serious escalation in US-North Korea tensions.

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