GBP to JPY exchange rate
Mid-market GBP/JPY — the rate banks trade with each other, before anyone adds a margin. Use it as the benchmark for any quote you are given, including ours.
GBP to JPY at a glance
Converted at the mid-market rate above. A bank pricing the same amounts would typically build in 3–4%, which is the gap a specialist desk closes.
| British Pound | Japanese Yen |
|---|---|
| £100.00 | ¥21,140.58 |
| £250.00 | ¥52,851.44 |
| £500.00 | ¥105,702.88 |
| £1,000.00 | ¥211,405.76 |
| £2,500.00 | ¥528,514.41 |
| £5,000.00 | ¥1,057,028.82 |
| £10,000.00 | ¥2,114,057.64 |
| £25,000.00 | ¥5,285,144.09 |
| £50,000.00 | ¥10,570,288.19 |
| £100,000.00 | ¥21,140,576.38 |
What moves the GBP/JPY rate
GBP/JPY has a reputation for wide daily ranges, because it combines sterling's sensitivity to UK policy with the yen's role as the market's stress barometer. The yen strengthens sharply when global risk appetite turns, so this pair can move hard on events in neither the UK nor Japan.
The GBP leg
Sterling trades on Bank of England rate expectations, UK inflation prints and gilt yields, so it tends to move sharply around MPC meetings and CPI releases.
The JPY leg
The yen is the classic funding currency and a safe haven, so it strengthens in market stress and weakens when the Bank of Japan holds policy looser than its peers.
Delivering JPY
Japanese banks match the beneficiary name in katakana against the account exactly; a mismatch is the most common cause of a held payment.
GBP/JPY questions
What is the GBP/JPY exchange rate today?+
The mid-market GBP/JPY rate is 211.41, meaning 1 GBP buys 211.41 JPY. This is the rate banks quote each other, before any margin is added — it is the number to compare any quote against.
Why is the rate I am offered lower than the GBP/JPY mid-market rate?+
GBP/JPY is one of the most liquid pairs in the market, so the underlying spread a provider pays is tiny. Almost every provider still adds a margin to the mid-market rate instead of charging a visible fee, which means the exchange rate itself is the cost — and on a pair this liquid, a rate 3-4% off mid-market is a pricing decision rather than a cost of trading.
How long does a payment in JPY take to arrive?+
Japanese banks match the beneficiary name in katakana against the account exactly; a mismatch is the most common cause of a held payment.
Can I fix a GBP/JPY rate for a future payment?+
Yes. A forward contract fixes today's rate for settlement up to 24 months ahead, which removes the risk of the rate moving between agreeing a price and paying it. That is common on property purchases and scheduled supplier payments.
Other GBP rates
More on each currency: British Pound · Japanese Yen · All live rates
Get a quote
Tell us what you're moving and a specialist will come back with a live rate and next steps — usually within one business hour.