Dollars to Pounds
 

Would welcome any responses on Where the best place to exchange US dollars to pounds is in London....

At any ATM which seem to be found on every street corner in London...some street corners have 4 one at each corner.

I'm not joking - Marks and Spencers - both Oxford St branches. They don't charge commission and you get the daily exchange rate.<BR><BR>

Check with your bank and credit card company; but most ATMs are the cheapest way to get local european currency. Some might have a transaction fee; like American ATM's, the fee can vary but most are not terribly expensive.<BR>The spread on buy-sell for most currencies at exchange agencies is 10% or more, so figure they charge about 5% or more commission. Use ATM's.

Debby - The other posts are correct but might be a little confusing - DO NOT change dollars to pounds. Leave your dollars home in your checking account and get pounds as you need them from ATMs (called cashpoints in the UK). This gives you a MUCH better rate than exchanging dollrs or travelers cheques.<BR><BR>British banks do not charge a fee to use ATMs. Your own bank probably will charge you a fee but it is usually only $1 - $2 and will be much less than the transaction fee charged to exchange dollars for pounds.