Currency pair (“guppy”) · cross of two ECB reference rates

What is the GBP/JPY reference rate and how has it moved?

The GBP/JPY reference rate was 210.725 on 16 Oct 2026: one GBP was worth 210.725 JPY. That is 3.7% above a year earlier and 55% of the way up its 52-week range. Annualised volatility over the year was 7.3%.

GBP/JPY · 16 Oct 2026: 210.725Previous fixing 209.266 (15 Oct 2026) · ▲ +0.70%
12-month change: ▲ +3.7%from 203.124 on 16 Oct 2025
52-week range: 200.533–219.139low 5 Nov 2025 · high 16 Jul 2026
Volatility, 1 yr: 7.3%annualised; full-year average since 2016: 11.1%

The past twelve months

Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

Over the past year GBP/JPY has been calmer than usual: 7.3% annualised volatility against a 11.1% average for full calendar years since 2016. Its calmest full year was 2021 (7.7%) and its busiest 2016 (20.2%).
Since 4 Jan 2016 the rate has ranged from 126.467 (21 Oct 2016) to 219.139 (16 Jul 2026). Today's fixing is higher than 94% of the 2,763 daily fixings in that period.
Five years ago, on 15 Oct 2021, the fixing was 157.228, so the rate is 34.0% above that level. Over one month it is ▲ +1.00% (from 208.631 on 16 Sept 2026).
The largest single-day move of the past year was on 3 Sept 2026: 215.186 → 210.575 (▼ −2.14%).
Read the other way round, 1 JPY was worth 0.00475 GBP on 16 Oct 2026 (JPY/GBP).

How is the GBP/JPY figure on this page produced?

The ECB does not publish GBP/JPY; it publishes each currency against the euro. The cross is the ratio of the two: JPY per euro ÷ GBP per euro = 177.820 ÷ 0.84385 = 210.725 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

GBP/JPY yearly close, change, high, low, average and volatility
Year	Close	Change	High	Low	Average	Vol.
2026 to date	210.725	▼ −0.1%	219.139 16 Jul	207.329 17 Feb	212.962	6.6%
2025	210.967	▲ +7.3%	211.359 22 Dec	184.659 9 Apr	197.214	8.9%
2024	196.652	▲ +9.3%	208.042 11 Jul	179.676 2 Jan	193.565	10.2%
2023	179.886	▲ +13.4%	188.095 24 Nov	156.515 16 Jan	174.844	10.5%
2022	158.592	▲ +2.2%	171.166 31 Oct	151.506 8 Mar	161.821	12.8%
2021	155.163	▲ +10.3%	157.959 19 Oct	139.761 5 Jan	151.137	7.7%
2020	140.696	▼ −1.8%	144.845 21 Feb	127.580 19 Mar	137.005	10.9%
2019	143.324	▲ +1.9%	148.137 1 Mar	127.074 12 Aug	139.105	10.2%
2018	140.688	▼ −7.5%	156.198 2 Feb	140.020 28 Dec	147.411	9.3%
2017	152.170	▲ +5.6%	152.647 4 Dec	136.864 13 Apr	144.506	9.9%
2016	144.129	—	175.830 4 Jan	126.467 21 Oct	147.406	20.2%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

Date	From	To	Move
24 Jun 2016	157.164	140.223	▼ −10.78%
27 Jun 2016	140.223	134.053	▼ −4.40%
5 Aug 2024	189.847	181.630	▼ −4.33%
11 Oct 2019	131.462	136.829	▲ +4.08%
11 Feb 2016	167.365	161.671	▼ −3.40%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources

European Central Bank — euro foreign exchange reference rates (series EXR.D.GBP+JPY.EUR.SP00.A, retrieved 16 Oct 2026 via the ECB Data Portal).
Method for crosses, ranges and volatility: methodology.