The pound sterling, the official currency of Britain, is divided into 100 pence (symbol: £). (symbol: p). You can purchase notes of £50, £20, £10, and £5 as well as £2, £1, 50, 20, 10, 5, 2, and 1 coin.
In Britain, there are many locations where you can exchange currency; banks, travel agencies, post offices, bureaux de change in airports, large train stations, and high streets are a few examples of such places. To get the greatest value, browse around and don't forget to enquire about commission fees.
You can use English and Scottish money anywhere in the UK, albeit the Scottish £1 note is only recognized outside Scotland. Northern Irish currency can only be used in Northern Ireland. Scotland and Northern Ireland both print their own pound sterling notes with the same value as an English note. However, you can exchange them for English currency at any bank.
Withdrawing money once you are at your location is the simplest and frequently least expensive method, but there are additional options:
The simplest approach is to take money out of any London ATM straight in pounds. Due to the lower exchange rate, this choice is also the least expensive. It is always a good idea to withdraw a significant amount rather than having to go to an ATM multiple times and being charged a fee every time you take cash out. However, it is important to keep in mind that cash machine transactions abroad have several fees, and your bank might charge you up to $5 each time you use a foreign ATM.
If you would prefer to exchange money before traveling, you can either do it at a bank, where a commission of up to 10% is typically assessed, or you can go to a bureau de change, such as Ria Currency Exchange or Global Exchange.
Any of these bureaux de change will deliver you the money at no additional cost to your address if you ask for the exchange. Since Ria and Civitatis currently have a partnership, you can use the code "civitatis" to receive a discount when exchanging money with them.
When you arrive in London, you can convert money at any bank or bureau de change if you prefer. We advise you to compare the commission and exchange rate because they can vary from one location to another, or you can just ask how many pounds you will receive.
If you are interested in more articles like this, here’s one about the currency used in Greece.