JPY/GBP: what to know
The JPY/GBP rate shows how much GBP you get for 1 JPY. Right now, 1 JPY buys 0.00478713 GBP at the mid-market rate. In the other direction, 1 GBP is worth 208.8933 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while GBP responds to Bank of England policy and the UK economy.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
Over the past 12 months the JPY/GBP rate has ranged between 0.00455712 and 0.00498679 — a change of -3.12% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.