1. Bank exchange: As a formal financial institution, the bank is one of the most reliable places to exchange pounds. The exchange rate between banks and British pounds is usually relatively stable, and the exchange process is relatively safe and convenient. In addition, banks will also give some concessions in the process of exchanging pounds, such as free handling fees.
2. Foreign currency exchange institutions: Foreign currency exchange institutions are specialized in providing foreign exchange services, and usually have stores around commercial streets or tourist attractions. The exchange rate of foreign exchange agencies is more flexible than that of banks, and sometimes they can bargain for a more favorable exchange rate. However, the exchange rate of foreign currency exchange institutions is also difficult to predict, which has certain risks.
3. Internet exchange: With the development of the Internet, Internet exchange has gradually become an option to exchange pounds. Through internet exchange, foreign students can exchange money with computers or mobile phones at home or at school. The exchange rate of online foreign exchange is lower and the handling fee is more favorable. However, there are also some security problems in network exchange, so it is necessary to choose websites and platforms.