逛街 Origin — Chinese Character Wiki

guàngjiē

stroll

guàng stroll, wander

Phonosemantic compound. 辶 represents the meaning and 狂 represents the sound.

辶 Meaning component

chuò walk

辶 is a component form of 辵.

狂 Sound component

kuáng insane, mad

	Old Chinese
Zhengzhang	kʷaŋʔ

Phonosemantic compound. 行 represents the meaning and 圭 represents the sound.

行 Meaning component

xíng, háng walk

圭 Sound component

guī jade pointed at top

Change in sound

街 and 圭 don't sound similar in modern Mandarin due to historical phonetic changes. They were more similar in Old Chinese.
街 *[k]ˤre
圭 *[k]ʷˤe

Regular Modern

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	Middle Chinese	Old Chinese	Gloss
Baxter-Sagart	kea	[k]ˤre	road-crossing

《說文》：“街，四通道也。从行，圭聲。”