British Pound / Japanese Yen GBPJPY
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About British Pound / Japanese Yen
GBPJPY is the British Pound / Japanese Yen currency pair. The first currency, GBP, is the base currency, while JPY is the quote currency. The rate states how much JPY exchanges for one unit of GBP. A rising rate means the base currency has become more expensive relative to the second currency; a falling rate describes the reverse movement.
The GBPJPY rate reflects a relationship between two currencies, so economic developments and monetary policy on both sides can influence its movement. Its percentage change describes this pair alone, rather than the performance of either currency against every other currency.
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