The live mid-rate GBP to JPY exchange rate is 192.72. Compare currency conversion rates - Reduce FX costs.
The best GBP to JPY exchange rate is our partner deal rate of 191.76 from OFX . This is -0.5% compared to the mid-market rate 192.72.
The standard OFX GBP-JPY rate is 189.6807, -1.6% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Japanese yen (JPY) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to JPY exchange rate is 191.76 from OFX, -0.5% from the mid-market rate 192.72. The next best rate is 191.56 from XE, -0.6% from the mid-rate. Wise with 191.37 is -0.7% from the mid-rate.
The Western Union rate is 190.79 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 182.36 at -5.4%, the Royal Bank of Scotland rate is 183.51 at -4.8%, and the Barclays Bank rate is 185.97 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Sterling to Yen comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-JPY mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/JPY | Change | Period |
|---|---|---|---|
25 Nov 2024 | 193.59 | 1.4% ▼ | 2 Week |
10 Sep 2024 | 186.03 | 2.6% ▲ | 3 Month |
10 Dec 2023 | 182.02 | 4.9% ▲ | 1 Year |
11 Dec 2019 | 143.29 | 33.3% ▲ | 5 Year |
12 Dec 2014 | 186.59 | 2.3% ▲ | 10 Year |
14 Dec 2004 | 202.83 | 5.9% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to JPY (British pound to Japanese yen)*.
*Converted at the current GBPJPY interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the GBP to JPY exchange rate indicate a complex interplay between UK economic data and Japanese monetary policy. The GBP has displayed resilience, buoyed by an upward revision in the services PMI, which suggests that the UK private sector has managed to avoid contraction. However, the potential for significant appreciation may be curtailed by Bank of England Governor Andrew Bailey's indication of anticipated interest rate cuts in 2025 as inflation pressures diminish. With limited economic releases slated in the near term, analysts expect the GBP to maintain a lateral trajectory, trading at current levels near the 193.0 mark, which is indicative of a stable but constrained performance relative to historical volatility.
Read our full review of recent GBP to JPY forecasts.
There are several ways to save on exchange rates when converting British pound to Japanese yen:
Generally speaking, if you are buying Japanese yen with British pound, then it's better for the GBP/JPY exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
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.
Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/JPY to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Japan (JPY) |
Japan offers a unique blend of tradition, modernity, and economic opportunity, making it an attractive destination for expatriates and business professionals. Here’s a practical guide to help you navigate life and work in Japan.
Japan’s unique cultural and professional landscape offers immense opportunities for expatriates and business professionals. Understanding its traditions and practices will help you integrate and succeed in this dynamic country.
Read more at our Japan (JPY) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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