British Pound Sterling to Japanese Yen - Convert Compare Save
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees.
These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.
Compare GBP/JPY Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks for GBP/JPY International Money Transfers. Costs are calculated against the amount when GBP is converted to JPY at mid-rate.
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The below table shows a snapshot of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Right now the GBP/JPY interbank exchange rate is 146.1543.
It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Japanese Yen to British Pound Sterling.
This GBP/JPY Converter calculates equivalent British Pound Sterling to Japanese Yen amounts at the market mid-rate.
You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
GBP / JPY converter & margin calculator
£GBP
¥JPY
Mid-rates:
1 GBP =
146.1543JPY
1 JPY =
0.006842GBP
Compare how much you can save on GBP/JPY exchange rates for:
British Pound Sterling to Japanese Yen (GBP-JPY) - 10 Year History
The below table shows the historic variation in the GBP/JPY exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of GBP versus other currencies : GBP historical charts.
Date
Exchange Rate
Period
Change
20 Mar 2019
146.8759
Latest
13 Mar 2019
147.7703
1 Week
-0.61%
18 Feb 2019
142.9307
1 Month
+2.76%
21 Sep 2018
147.1440
6 Months
-0.18%
20 Mar 2018
149.1056
1 Year
-1.5%
20 Mar 2017
139.2139
2 Years
+5.5%
21 Mar 2014
168.6335
5 Years
-12.9%
22 Mar 2009
138.4016
10 Years
+6.12%
Why can't I just get the GBP/JPY market rate I see on Google or in the Media?
The GBP/JPY mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the GBP / JPY was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market GBP/JPY midrate the better deal you are getting.
The three things you need in order to get a good GBP to JPY exchange rate
Know the latest GBP/JPY market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for British Pound Sterling and Japanese Yen
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the GBP vs JPY, you should pay attention to both British Pound Sterling and Japanese Yen news and forecasts.
British Pound Sterling (GBP) - Market news and forecasts
The Brexit debacle continues, as does above-average volatility in the British pound. Until now, the UK government’s inability to make any decisions has been to sterling’s advantage, since this casts doubt on the delivery of Brexit and/or makes a softer Brexit more likely.
Sterling’s uptrend is evident from recent peaks against the dollar, coming in at $1.322 on January-25, at $1.335 on February-27, and at $1.338 on March-13. Sterling had been as low as $1.237 in early January. It was at $1.32 at the time of this report.
Increasing the risk of a no-deal Brexit (potentially very bad for sterling) was the statement made on March-20 by EU Council President Donald Tusk, who said that the EU would agree to the Article 50 extension sought by the UK government only if British MPs first backed the current withdrawal agreement—the one that had twice been defeated by large parliamentary majorities.
Pound forecasts are futile given uncertainties over Brexit but estimates can be made for different outcomes. Currency analysts at HSBC said in February that sterling would be valued at levels near $1.10 in the event of no-deal, near $1.45 with a deal and at $1.55 if Brexit is cancelled.
Japanese Yen (JPY) - Market news and forecasts
In early January, amid a “flash crash” USD/JPY briefly struck a 9-month low (yen high) of ¥104.65, and other yen rates also struck long-term lows. These values greatly flattered the yen and market rebounds followed quickly.
Since then, the yen has been the weakest major currency, and in March USD/JPY was 6 percent higher, back in the 111s.
In the second week of March, Goldman Sachs said it was betting on yen appreciation; it expected Japan’s currency to be “the main beneficiary of the current data backdrop.”
In late February, experts at French bank Credit Agricole also expressed bullishness, saying it was the right time to acquire yen.
Japan