The HSBC GBP to JPY rate is 183.32. This is -4.1% below the mid-rate. Compare HSBC currency conversion rates - Reduce FX costs.
The HSBC GBP to JPY exchange rate is 183.32. This is -4.1% compared to the latest GBP-JPY mid-market rate 191.19.
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 190.23 from OFX, -0.5% from the mid-market rate 191.19. The next best rate is 190.04 from XE, -0.6% from the mid-rate. Then Wise with 189.85 is -0.7% from the mid-rate.
The Western Union rate is 189.28 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 180.83 at -5.4%, the Royal Bank of Scotland rate is 181.98 at -4.8%, and the Barclays Bank rate is 184.5 at -3.5% compared to the mid-rate 191.19.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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 HSBC Sterling to Yen comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest GBP-JPY mid-rate (see Market Data below ) and the possible savings of using various providers.
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
British pound (GBP) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/JPY | Change | Period |
|---|---|---|---|
14 Apr 2025 | 188.66 | 1.2% ▲ | 2 Week |
28 Jan 2025 | 193.53 | 1.3% ▼ | 3 Month |
28 Apr 2024 | 197.90 | 3.5% ▼ | 1 Year |
29 Apr 2020 | 132.95 | 43.6% ▲ | 5 Year |
01 May 2015 | 181.61 | 5.1% ▲ | 10 Year |
03 May 2005 | 198.79 | 3.9% ▼ | 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.
The GBP to JPY exchange rate has recently shown stability, currently resting at 191.1, which aligns closely with its three-month average. Analysts note that the pair has traded within a relatively narrow range of 4.8%, between 186.7 and 195.6. Market sentiment remains influenced by trade tensions stemming from tariff announcements by the U.S. government, including a 10% tariff on UK imports. These developments have contributed to a subdued performance for the British pound, even in light of positive retail sales data from March, which outperformed expectations by rising 0.4% instead of the anticipated decline.
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 in Japan plus living and doing business 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
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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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