How to Buy Pounds with Canadian Dollars

One of the many considerations that are made in preparation for traveling is the exchange rate between one's home currency and the currency of the place the person is traveling to. Many banks charge an extra fee for withdrawing money from an out-of-country ATM, and there can be surcharges on credit cards for foreign use too. Many people choose to convert their currency before they travel, or as soon as they reach their destination, and prefer using the cash to avoid extra fees. There are a few options to buy British Pounds with Canadian Dollars.

Things You'll Need

  • British Pounds
  • Canadian Dollars
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Instructions

    • 1

      Call or go to your local bank and ask them if you can buy British Pounds. If you are not in Canada, you will have to ask specifically if you can buy British Pounds using Canadian Dollars. Most banks, especially large banks, will allow you to buy different currencies, although they don't offer a full range of foreign monies. However, there are some other options.

    • 2

      Buy money from an online currency exchange. As of 2010, exforex.com and travelex.com are two of the many businesses that offer the purchase of foreign money online. Be sure to read their terms and services and check the fees they charge. This method will prevent you from having to exchange your money in a foreign country.

    • 3

      Visit a currency exchange booth at the nearest international airport, or an international airport you visit on the way to your destination. Many people choose to exchange currency once they have reached their foreign destination. International airports all have currency exchange booths, so if you are flying into a small local airport, be aware they may not have one. If you don't see them, ask airport staff and personnel where the booth is located in the airport.

    • 4

      Ask the concierge of your hotel. If your destination is Great Britain, and you weren't able to exchange money at the airport, ask the concierge of your hotel where you can exchange money in the town you are staying in. Again, this option may not work if you are staying in a small, rural area so try to exchange money at a large bank or international airport.

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