British Currency and Currency Exchange- all transactions are made generally in Pound and Pence in London UK. So you need to convert the other countries currencies to UK Currencies
British Currency are seen in UK in the form of Coins and Notes
UK Coins – 1p, 2p, 5p, 10p, 20p 50p, 1pound and 2pound
UK Notes – 5 Pound, 10 Pound, 20 Pound and 50 Pound
There are 100 pence to a pound. Most vending machines take the 10p, 20p, 50p and 1 pound coins. Some accept the 5p coin and hardly any accept 1p or 2p coins.
British Currency: Careful about fake notes- 20 Pound and 50 Pound
You need to be careful about taking 20 pound and 50 Pound notes. Most forgeries are occurred to theses notes. 5 pound note is comparatively safer to take. All notes have a water mark (hold them up to the light) and a very fine metallic strip on or in them.
British Currency: Currency Exchange- Bureau de Change and Travelers Cheque
Euros and Other Currencies – Generally all transactions are done with British Pounds in UK/London. You need to change your Euros and other currencies into British Pounds
Rates are always vary so you may need to check the rate using xe.com for thumb idea. Better not to change in shops, please do it at Banks, Post Office, Exchange House. You will find them around you but keep in mind there is a weekend on Saturday and Sunday. Generally Office closes at 5pm/6pm on weekdays.
It’s better to keep always some coins especially 1 Pound Coin with you for meeting any emergency.
Indicative Cost or Cost idea to stay in London. How much money require for London Visit? Prepare a Travel Budget
This typical travel budget for London is an aggregation of travel expenses from real travellers. This will give you an idea of how much money you will need during your visit. London can be a expensive experience, but doesn’t necessarily have to be. Prepare your travel budget in British Currency as all transactions are made here in Pound and Pence.
You can enjoy London at fullest with your limited budget. But you need to be careful and look for cheaper options. Cheaper options does not mean inferior quality or services. You will find everywhere quality foods. These foods are being consumed by all classes of the society. Somebody is paying hundreds of pounds, somebody is not, buy that food at fraction of that amount. that’s all.
Average Daily Expenses (Per Person per day in British Currency) while visiting London
Range: Minimum to Standard Living. We don’t consider here Luxury Travelling as luxury prices has no limit and it depends on circumstances, time, aristocracy etc.
Flight Cost At actual
Accommodation-Average £30 – £250
Breakfast: – Average £5 – £15
Lunch: – Average £10 – £100
Dinner: – Average £15 – £125
Tea, Coffee, Snacks, Water, Soft Drinks £6 – £25
Local Transportation £10 – £12
(Oyster for Bus, Tube, DLR, Tram)
Taxi Cab fares: actual based on where you will go- £6-£70
Communication £10 – £25
Tips & Handouts £5 – £10
Alcohol £10 – £50
Shopping Actual based on which item you are going to buy
Entertainment, Attractions etc Actual based on which and where you will go
(Indicative Average price- Cinema £16, Theatre £25 to £200, Football & Other games £25 to £200, Attractions £20 – £150, Day Trip £30 – £150)
Taxi fares: Taxi fares vary depending on when you travel. You will find Gov.t approved Taxi Rate. Every taxi Drivers have to follow Gov’t Rate & Guidelines.
Some tips or ways to save money while visiting London
01. Plan your trip for April or September for lower rates. Fly on a Monday through Thursday for cheaper airline fare. Use at least 3 meta flight search to get cheaper airline ticket. You can also contact us for good price quote.
04. Stay in B+B’s, not hotels. When you do visit London, stay in a B+B out in a suburb. Try to find out Londoner who has a spare room. Search online and if you do not find, contact us. We will happily help you in finding a good accommodation.
05. Eating out can be done on a budget, with plenty of good cheap eats to be had in every neighbourhood. However, even at the cheapest of the cheap, it’s no trifle – a decent sandwich will cost you around £3, and you’re unlikely to get much change from a tenner for a sit-down meal.
07. Getting around London can also be expensive. One obvious step to save cash is to get yourself an Oyster card immediately upon arrival (or even order one at home before you travel. Visit TFL website for bus tube train tickets
08. Travel agents make money by encouraging you to stay in an expensive London hotel and see the rest of the country on day trips from London.
10. Always ask Hotel if there are any special rates.
11. Eat a good breakfast at your B+B (it’s included in the price of your room). At lunch, pub food is often a bargain. For the cheapest lunch, get packets of sandwiches at a supermarket. Save money for a nice restaurant dinner. (Note that it’s far easier to get a cheap lunch than a cheap dinner.)
12. A good option to buy London Pass if you plan to visit many attractions.
Source: Lonely Planets Etc