How do I exchange pounds for a trip to the UK?

Many people exchange a large amount of foreign currency before going abroad, not to mention that it is inconvenient to carry, and it is not safe to carry so much cash on them. In fact, it is very convenient to withdraw or exchange pounds in the UK. So, every time I go to the UK, I go to exchange goods.

There are two types of pounds in circulation in the UK, banknotes and coins, with banknotes in denominations of pounds and pounds but very, very few in denominations of 50 pounds. Coins come in denominations of 2 pounds, 1 pound, 50p, 20p, 10pp, 5p, 2p, which represent pennies, which translates to 1 pound = 100 pence. You can check the current exchange rate when you exchange.

In fact, it is very easy to exchange foreign currency in the UK, and shopping in the UK with a 50 pound denomination will bring a lot of trouble to everyone, many small shops, and even the automatic payment counters of large supermarkets do not accept the 50 pound denomination.

Many large shopping malls and luxury stores in the UK provide UnionPay payment, you can use the card with a domestic UnionPay card, and generally the merchants who provide this service will have a UnionPay logo in a very conspicuous place, such as many watch stores, jewelry stores, and many luxury shopping malls, such as Bicester Village and so on. However, supermarkets, shops, hotels, restaurants, etc. in the UK do not accept UnionPay credit cards, so it is still necessary to have cash on hand. I usually go to the bank to exchange cash before I go to the UK, and then I take my UnionPay card with me when I go abroad, and I also use cash when I go shopping.

It's very simple, we can take our domestic UnionPay card to the ATM in the UK to withdraw British pound cash directly, which is quite convenient. The exchange rate is converted according to the current exchange rate, and the handling fee is deducted according to the inter-bank withdrawal fee standard of domestic banks, such as China Merchants Bank gold card, the handling fee seems to be five thousandths, and about 24 yuan will be deducted each time 500 pounds is withdrawn. Some banks in the UK have a limit on the amount of money that can be withdrawn, and HSBC can only withdraw £500 at a time, which can be withdrawn multiple times.

If you go to the UK, you can find a big city, such as London, and exchange it at some currency exchange without handling fees, the exchange rate is OK, and the credit card has a handling fee, and the exchange rate is not too suitable, but it is convenient. If you buy a large item or a plane ticket, you can't always carry a bunch of money with you, so you should use the card to settle the insurance.

Holding an ID card can be exchanged for pounds in the Bank of China, the time for exchanging foreign currency is limited, only from Monday to Friday from nine o'clock in the morning to five in the afternoon, and because the exchange rate changes every day, the exchange rate gap at different stages may be relatively large, you can pay attention to the exchange rate to exchange pounds.

Within the UK, most banks have an Automated Teller Machine (ATM) where you can withdraw money from an ATM using a credit card and your Personal Verification Number (PIN). ATMs are also available in some supermarkets, post offices, petrol stations, train stations and London Underground stations.

Go to the bank to exchange, according to the current real-time exchange rate: 1 RMB = British pound, the transaction is subject to the bank counter price. It's okay to get money at the airport or international port, but I think it's more convenient to go to the bank.

Just bring 2 credit cards. UnionPay is not available in small places. Don't go to the ATM to get the fee expensive.

Hello, according to different situations, how to exchange pounds when studying in the UK are:

If you exchange pounds in the country:

2. Select the foreign exchange purchase business in the bank's APP, and select cash exchange when purchasing. Spot exchange can be used in foreign currencies for cross-border transfers, online payments (such as tuition fees, living expenses remittances), etc., and the settlement of foreign exchange is higher than cash.

Exchange pounds when you go to the UK:

1. You can go to the exchange point: Most of this kind of currency exchange points are set up in the airport or the British city and other places. The exchange rate between the pound sterling and other currencies is displayed outside these exchange offices.

British pound exchange points in the UK.

2. Self-service ATMs: Many places in the UK have set up ATMs that can support UnionPay, and everyone can withdraw money at ATMs in the UK with domestic UnionPay cards. However, there is a withdrawal fee for this method.

You can go to the Bank of China to exchange pounds.

At present, Bank of China has a wide range of convertible currencies, including British pounds, Hong Kong dollars, US dollars, Swiss francs, Singapore dollars, Swedish krona, Norwegian krone, Japanese yen, Danish krone, Canadian dollar, Australian dollar, euro, Philippine peso, Thai baht, South Korean won, pataca and New Taiwan dollar.

ID card (with Kai Chinese citizen, household registration book (Chinese citizens under 16 years old), military ID card (Chinese People's Liberation Army), armed police ID card (Chinese People's Armed Police), Mainland Travel Permit for Hong Kong and Macao Residents (Hong Kong and Macao residents), Taiwan Residents Travel Permit to and from the Mainland (Taiwan Fool Min Call Resident), passport (foreign citizens).

Bank of China can exchange pounds sterling. At present, Bank of China has a wide range of convertible currencies, including British pounds and Hong Kong dollars.

US Dollar, Swiss Franc, Singapore Dollar, Swedish Krona, Norwegian Krone, Japanese Yen, Danish Krone, Canadian Dollar, Australian Dollar, Euro.

Philippine peso, Thai baht, Korean won, patacas, New Taiwan dollar.

A total of seventeen currencies. Clients are required to have their own valid ID.

1. The choice of bank. At present, foreign currency exchange is mainly carried out in the Bank of China, generally as small as the township, there will be a Bank of China, but if the bank business hall is too small, the amount of foreign exchange reserves in it may be insufficient, at this time, it will generally go to the Bank of China branch in a certain area to exchange;

2. Redemption time. The Bank of China is basically open for business all week, but it is wrong to think that you can exchange money during business hours, and the time for exchanging foreign currency is limited, and it can only be from 9 am to 5:30 pm from Monday to Friday, so you can only improve efficiency by grasping the time;

3. Required documents and materials. You must bring your ID card to redeem, otherwise it will not be processed. After going to the bank, I directly told the lobby manager or the counter that I wanted to exchange pounds, and the waiter would instruct me what to do next, and what to fill in.

Just do it, it's easy. When exchanging, you only need to bring enough RMB, and it is best to prepare cash in advance.

The British pound is the national currency and the name of the unit of currency in the United Kingdom. The British pound is mainly issued by the Bank of England, but there are other issuers as well. International Organization for Standardization.

The ISO4217 currency** for GBP is GBP. In addition to the United Kingdom, the currency of the British Overseas Territories is also denominated in pounds, which are fixed at a 1:1 exchange rate with the British pound.

As Britain was the first industrialized country in the world and once dominated the international financial industry, the British pound was once the most widely used currency in international settlement business. The first battle of the early round land.

And after World War II, the British economic status has been declining, but due to historical reasons, the British financial industry is still very developed, and the pound is traded in foreign exchange.

It also occupies a very high position in the settlement. The pound is printed with contributing figures and royalty.