GBP/JPY update & alerts
1 GBP = 143.16 JPY
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GBP/JPY Exchange Rates and Providers Compared
This guide to the British Pound Sterling to Japanese Yen exchange rate with 90-day chart & alerts, historic rates, forecasts and GBP to JPY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our GBP/JPY Quick Calculator.
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/JPY International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive JPY(¥) | Exchange Rate | Fee GBP | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | ¥704,450 Best Overall | 140.89 | £0^ | 1.58% | |
 | ¥703,750 ¥700 less | 140.75 | 0 | 1.68% | |
 | ¥712,150 ¥7,700 more | 142.43 | 0 | 0.5% | |
Banks - Average Rate      Average Bank Rate | ¥682,583 ¥21,867 less | 136.92 | 15 | 4.63% |
Example 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.
GBP and JPY in the Markets
When determining the best time to make a foreign exchange transaction, in this case the GBP vs JPY, you should pay attention to the recent market trends for both currencies.
British Pound Sterling (GBP)
In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.
GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.
For GBP forecasts and predictions read our British Pound Forecasts summary.
Read more in the article GBP Forecasts.
Japanese Yen (JPY)
The threat of proxy war between the US and Iran in Iraq has helped bring on the recent gains in the Japanese yen and US dollar plus currencies pegged to the greenback such as the Hong Kong dollar.
Last year, HSBC warned against thinking that yen-supporting safe-haven flows would soon stop, implying that the yen could have more upside potential in the near term. The bank highlighted the “desolation and destruction” (an exaggeration) present in many major economies and currencies. “You can never get too high,” the bank’s chief analyst said.
Read more in the article JPY Forecasts.
Why can't I just get the GBP/JPY market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the GBP / JPY was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
We help you Compare & Save Money on Exchange Rates.
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