GBPJPY

GBPJPY • Forex

Current Price: 193.823

About British Pound - Japanese Yen

The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed.

How is GBPJPY exchange rate calculated?
The value of the GBPJPY pair is quoted as 1 GBP per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 GBP.

What is GBPJPY volatility?
The term volatility describes the risk related to the changes in an asset's value. GBPJPY has the volatility rating of 2.34%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.

What kind of pair GBPJPY?
GBPJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.