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GBP to JPY - Rate Guide

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.

 

GBP/JPY update & alerts

1 GBP = 143.16 JPY

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GBP to JPY - Trading Range (90 Day)
14-DAY HIGH (3d)
GBP/JPY at 143.03 is trading 1.3% above the 90-day average 141.2 with a range 131.18 to 146.23. There are no current rate alerts.
19-Jan-2020 16:NY 21:LON 08:SYD+1d

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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.

 
  

GBP to JPY International Money Transfers

  

Foreign Transfer ProvidersReceive JPY(¥)Exchange RateFee GBPTotal CostDeal Links
OFX logo
¥704,450
Best Overall
140.89£0^1.58%
TorFX logo
¥703,750
¥700 less
140.7501.68%
WorldFirst logo
¥712,150
¥7,700 more
142.4300.5%
HSBC logo
¥689,664
¥14,786 less
138.14£7.53.64%
Natwest Bank logo
¥685,786
¥18,664 less
137.57154.19%
Citibank International Money Transfers
Citibank logo
¥682,708
¥21,742 less
136.87124.62%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
¥682,583
¥21,867 less
136.92154.63%
Santander International Money Transfers
Santander logo
¥678,774
¥25,676 less
136.3205.17%
Lloyds TSB logo
¥675,985
¥28,465 less
135.74205.56%
 
OFX logo
OFX: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:140.89 (1.58% from mid-rate)
To Amount (JPY) ¥704,450
Total Cost:1.58%
Time:
Rate Fetched: Mon Jan 20 2020 05:10:16 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:
Exchange Rate:140.75 (1.68% from mid-rate)
To Amount (JPY) ¥703,750
Total Cost:1.68%
Difference:
¥700 JPY less than using OFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:
Exchange Rate:142.43 (0.5% from mid-rate)
To Amount (JPY) ¥712,150
Total Cost:0.5%
Difference:
¥7,700 JPY more than using OFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:138.14 (3.5% from mid-rate)
To Amount (JPY) ¥689,664
Total Cost:3.64%
Difference:
¥14,786 JPY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:15
Exchange Rate:137.57 (3.9% from mid-rate)
To Amount (JPY) ¥685,786
Total Cost:4.19%
Difference:
¥18,664 JPY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:12
Exchange Rate:136.87 (4.39% from mid-rate)
To Amount (JPY) ¥682,708
Total Cost:4.62%
Difference:
¥21,742 JPY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:15
Exchange Rate:135.88 (5.08% from mid-rate)
To Amount (JPY) ¥682,583
Total Cost:4.63%
Difference:
¥21,867 JPY less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:20
Exchange Rate:136.3 (4.78% from mid-rate)
To Amount (JPY) ¥678,774
Total Cost:5.17%
Difference:
¥25,676 JPY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→JPY
From Amount (GBP)£5,000
Fee:20
Exchange Rate:135.74 (5.18% from mid-rate)
To Amount (JPY) ¥675,985
Total Cost:5.56%
Difference:
¥28,465 JPY less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/20/2020 - 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.


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.

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