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Dollars to Pounds

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Old Nov 24th, 2002 | 10:35 AM
  #1  
Debby
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Dollars to Pounds

Would welcome any responses on Where the best place to exchange US dollars to pounds is in London....
 
Old Nov 24th, 2002 | 10:55 AM
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XXX
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At any ATM which seem to be found on every street corner in London...some street corners have 4 one at each corner.
 
Old Nov 24th, 2002 | 11:54 AM
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Meg
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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>
 
Old Nov 24th, 2002 | 12:07 PM
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Maurice
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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.
 
Old Nov 24th, 2002 | 05:35 PM
  #5  
janis
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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.
 
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