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GBP/JPY - Convert Compare Save

British Pound Sterling to Japanese Yen exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the British Pound Sterling to Japanese Yen exchange rate, has news, forecasts and GBP to JPY comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

GBP/JPY Exchange Rates - How to Compare & Save

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 ProvidersReceive JPY(¥)Exchange RateFee GBPTotal CostDeal Links
OFX logo
661,700 JPY
Best Overall
132.34£0^1.66%
HSBC logo
647,777 JPY
13,923 JPY
129.75£7.53.73%
Natwest Bank logo
644,162 JPY
17,538 JPY
129.22154.26%
Citibank International Money Transfers
Citibank logo
641,257 JPY
20,443 JPY
128.56124.7%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
641,147 JPY
20,553 JPY
128.61154.71%
Santander International Money Transfers
Santander logo
637,589 JPY
24,111 JPY
128.03205.24%
Lloyds TSB logo
634,950 JPY
26,750 JPY
127.5205.63%
 
OFX: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:132.34 (1.66% from mid-rate)
JPY amount:661,700 JPY
Total Cost:1.66%
Time:
Rate Fetched: Tue Jul 23 2019 22:09:33 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:£7.5 GBP (.15%)
Exchange Rate:129.75 (3.58% from mid-rate)
JPY amount:647,777 JPY
Total Cost:3.73%
Difference:
13,923 JPY less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:129.22 (3.98% from mid-rate)
JPY amount:644,162 JPY
Total Cost:4.26%
Difference:
17,538 JPY less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:12
Exchange Rate:128.56 (4.47% from mid-rate)
JPY amount:641,257 JPY
Total Cost:4.7%
Difference:
20,443 JPY less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:15
Exchange Rate:127.63 (5.16% from mid-rate)
JPY amount:641,147 JPY
Total Cost:4.71%
Difference:
20,553 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Santander logoSantander

Santander: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:128.03 (4.86% from mid-rate)
JPY amount:637,589 JPY
Total Cost:5.24%
Difference:
24,111 JPY less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Foreign Transfer GBP→JPY
GBP amount:£5,000 GBP
Fee:20
Exchange Rate:127.5 (5.25% from mid-rate)
JPY amount:634,950 JPY
Total Cost:5.63%
Difference:
26,750 JPY less than using OFX
Time:0:20 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/24/2019 - See full table

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.

Travel Money ProvidersAmount JPY(¥)Exchange RateFee GBPTotal CostDeal Links
Travelex Online UK logo
128,107 JPY
Best Overall
128.1069£0^4.8%
Citibank Foreign Currency
Citibank logo
126,631 JPY
1,476 JPY
127.91£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
125,508 JPY
2,599 JPY
126.94£106.74%
Lloyds TSB logo
125,344 JPY
2,763 JPY
126.61£106.86%
Santander Foreign Currency
Santander logo
125,344 JPY
2,763 JPY
126.61£106.86%
Natwest Bank logo
124,711 JPY
3,396 JPY
126.61£157.33%
Travelex Online UK: Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:128.1069 (4.8% from mid-rate)
JPY amount:128,107 JPY
Total Cost:4.8%
Time:
Rate Fetched: Tue Jul 23 2019 22:30:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:127.91 (4.95% from mid-rate)
JPY amount:126,631 JPY
Total Cost:5.9%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:126.61 (5.92% from mid-rate)
JPY amount:125,508 JPY
Total Cost:6.74%
Currency Services:Branch
Delivery/Collect:-
 

Lloyds TSB logoLloyds TSB

Lloyds TSB: Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:126.61 (5.92% from mid-rate)
JPY amount:125,344 JPY
Total Cost:6.86%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 

Santander logoSantander

Santander: Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£10 GBP (1%)
Exchange Rate:126.61 (5.92% from mid-rate)
JPY amount:125,344 JPY
Total Cost:6.86%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Natwest Bank logoNatwest Bank

Natwest Bank: Travel Money GBP→JPY
GBP amount:£1,000 GBP
Fee:£15 GBP (Minimum fee)
Exchange Rate:126.61 (5.92% from mid-rate)
JPY amount:124,711 JPY
Total Cost:7.33%
Time:0:20 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 07/24/2019 - See full table

GBP to JPY interbank exchange rate = 134.4819

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on GBP/JPY exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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)

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Pound valuations will continue to fluctuate based on No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

Read more in the article GBP Forecasts.

 

Japanese Yen (JPY)

The yen was the star performer in the weeks leading up to this report (May-17), with appreciation driven by a flight to safety following a serious escalation in the US-China trade war. The benchmark yen rate, USD/JPY, was down in the mid-109s, having been as high as 112.4 in late April. Relatively speaking, against their April highs, other yen rates had fallen even more (NZD/JPY was down from 76 to 71.6).

In May, 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.

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 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.

 

View all GBP Exchange Rates