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Exchanging Money in UK

Travel Forums Europe Exchanging Money in UK

1. Posted by guiny (Respected Member 143 posts) 10y

guiny has indicated that this thread is about United Kingdom

What are the best places to exchange money in UK the (bank/exchange house/airport/hotel? Are the exchange houses trustworth? Is it better to exchange money in the ferry to France or Ireland? Are US Dollars easy to exchange into British Pounds? Is it easy to exchange US Dollars into Euros?

2. Posted by Oakey (Budding Member 64 posts) 10y

It is very easy to exchange money in the UK....

In any Major city the high street will be full of options, most major travel agents offer a exchange service, as well as many Post Offices (which usually have a good rate), Also major stores such as Marks & Spencer offer exchange services..

I would expect airports and hotels to offer a worse rate of exchange...

All of the major monay exchanges in the uk are heavily regulated, so they will certainly be trustworthy..

If you are in a major city you may be advised to shop around as the rates offered may vary...

Mike.:)

3. Posted by Jase007 (Travel Guru 8870 posts) 10y

Mike is correct,
The post office is a good place to get your money exchanged. If you have the time, you can shop around, but it's a good starting place to get a base exhange rate.
Enjoy your trip.
Jase.

4. Posted by james (Travel Guru 4136 posts) 10y

My advice when changing money, is to ask them how much money you'll receive when you hand over an amount of your own money.

eg. "I have one hundred US dollars, how many pounds will I get?"

That way, you don't have to think about exchange rates, commissions, etc and can do a direct comparison between one money changer and another.

5. Posted by stiltskin (Full Member 45 posts) 10y

Yeah, just checked and the Post Office don't charge any commission...
Get there quick tho, before New Labour shut them all down :)

6. Posted by guiny (Respected Member 143 posts) 10y

I really did not know it was possible to exchange money in the post office. I have been to UK before but I did not need to exchange money then. It was really good to know. Thanks a lot!

7. Posted by ozman (Full Member 118 posts) 10y

I used to live in the UK and changed money there frequently. Last time I checked (in August), HSBC was about 1p better than the post office (for pounds to euros), and neither of them charged commission. The only problem with HSBC was that they would sell you euros in packages of 50, 100, 200 and 500.

8. Posted by guiny (Respected Member 143 posts) 9y

How about exchange US Dollars into Euros in UK? Is it easy?