British Currency

The capital city of United Kingdom, London uses Pound as their currency. If you are travelling to London or for that matter to any other country, you first need to exchange your currency with the one accepted in that country in which you are travelling. For London, the currency has to be exchanged in Pound. Scottish bank notes can be used throughout the country and is legal to use these; however the tourist should know the currency note features before travelling to that particular destination.

In London the currency is easily available in the denominations of £5, £10, £20, £50 in form of notes, whereas coins are available in £1, £2, 1 Pence, 2 Pence, 5 Pence and 10 Pence. There are exchange counters and outlets throughout the city so it won’t really be a hassle to get it exchanged. Following are the exchange outlets which you can look for:

London Post Offices
Major post offices in London exchange currencies at a minimal surcharge of 1 percent.

Banks in London 
You will get the best currency rates by getting a currency exchange done from London banks. Banks like Nat West, Barclays, American Express etc. offer best rates. Moreover, you need to confirm the opening and closing timings of the banks here. 

Currency Exchange Agencies
These exchange agencies also offers the best rates. Agencies such as American Express and Thomas Cook would also give you a good exchange rate. They may also provide special holiday packages for that matter.

Currency Exchange Kiosks and Hotels
There is a facility of currency exchange in almost every hotel in London; however, it’s advisable for tourists to confirm the exchange rates from the rest of the reputed centers. These hotels might impose a high surcharge on the currency exchange they will offer. Other than hotels there are several Kiosks within the city, but again you should confirm the exchange rates.

ATM’s & Credit Cards
At every corner of the city there are ATM machines and cash points installed in order to provide travelling convenience to the tourists. 

Traveler’s Cheques 
While you are traveling to some other country, travelers cheques is a good option to carry good amount of money with you. Before doing so you should first confirm the complete exchange procedure of the cheque. The major banks in London can easily provide you with traveler’s cheques such as Barclays, American Express, Thomas Cook and Visa, Mastercard, Bank of America and many more. 

Get latest currency rates from www.xe.com