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British Currency

British Currency

It is always handy to gather all the meticulous information about a place if you travelling there for the first time.  A significant consideration is the knowledge of currency that is exercised at that particular place. You need money for indulging in sightseeing, shopping, eating, accommodation and almost everything. For travelling purposes to some foreign country, visitors need to exchange the currency of their own country with the one that they are planning to visit, beforehand or in that specific country.

The currency of London is Pound Sterling, popularly known as Pounds. Its symbol is £. Get your currency exchanged for Pounds if you are about to go for vacationing in the capital city. The denominations for Pound in coins are £1, £2, 1 Pence, 2 Pence, 5 Pence and 10 Pence.  And those of notes are £5, £10, £20, £50.Scottish bank notes are also legal and being used in London.  Amazing exchange rates can be collected from the various exchange outlets and agencies present throughout the city for the comfort of its visitors. Have a look at these following sources making your visit in London a pleasurable one:

Banks of London
Banks in London offers the finest exchange rates than any other source. The timings of these banks vary. Generally these banks of London open from 9.30 am till 2.30 pm from Monday to Friday and 9.30 am till 12 in the noon on Saturday. Sundays are kept closed. However do check their timing before arriving at these banks. Some highly reputed banks of London are Barclays, Nat West among many others.

Post Offices in London
A minimum surcharge of 1% is charged for exchanging currencies at post offices.

Exchange Agencies
You can get great exchange rates with the agencies like Thomas Cook and American Express. An array of exclusive holiday packages can also be availed with these agencies.

Hotels in London
Most of the London hotels have special amenities through which you can conveniently get your currency exchanged from them. But do confirm from other sources before exchanging as they might inflict a heavy surcharge. 

ATMs
You can find these machines at many areas in London. American express, Master Card and visa can be suitably used. Visitors holding other cards are advised to check with their credit companies much earlier before arriving in London to avoid any hassles. 

Traveller’s Cheques
Carrying a traveller’s cheque might come in handy. These are accepted in Pounds Sterling to prevent any extra charges. Banks in London that offers these cheques are American Express, Thomas Cook, Bank of America among many more. 

Latest currency rates can be obtained from www.xe.com