Where to exchange money in Portsmouth
If you’re planning a trip to Portsmouth, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Portsmouth. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location
Spend abroad without hidden fees
Currency exchanges in Portsmouth
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Portsmouth below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| No1 Currency Exchange Portsmouth, Commercial Road | 105E Commercial Rd, Portsmouth PO1 1BQ, UK | +44 330 124 7398 |
| eurochange Portsmouth - Cascades Shopping Centre | Cascades Shopping Centre, Commercial Rd, Portsmouth PO1 4RJ, UK | +44 23 9241 4306 |
| Post Office Travel Money | 161-167 Eastney Rd, Southsea, Portsmouth, Southsea PO4 8EA, UK | +44 23 9283 7054 |
| Post Office Travel Money | 73 Palmerston Rd, Southsea, Portsmouth, Southsea PO5 3PP, UK | +44 23 9281 2573 |
| Western Union | No1 Currency, 105E Commercial Rd, Portsmouth PO1 1BQ, UK | +44 330 124 7398 |
| Post Office Travel Money | The Bridge Shopping Centre, 12 Somers Rd N, Portsmouth PO1 1SL, UK | +44 23 9283 0385 |
| Cash Generator Portsmouth | The Buy and Sell Store | 84A London Rd, North End, Portsmouth PO2 0LZ, UK | +44 23 9266 7107 |
| TUI Holiday Store | 72 London Rd, North End, Portsmouth PO2 0LW, UK | +44 23 9266 9721 |
| Western Union | Cash Generator Portsmouth | The Buy and Sell Store, 84 A London Rd, North End, Portsmouth PO2 0LZ, UK | +44 800 833833 |
| eurochange Fareham - Fareham Shopping Centre | Unit 27a, 28 West St, Fareham PO16 0AQ, UK | +44 1329 446095 |
British pound sterling rate today
The accepted currency in Portsmouth and across United Kingdom is the British pound sterling.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the British pound sterling is GBP. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Portsmouth
When exchanging money in Portsmouth or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in the UK long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in the UK banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in British pounds sterling for a fairer rate and fees. The same applies if you get the option on card machines.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Portsmouth. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
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