Details requested . . .
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My experience in regard to European travel is in contrast to jwboyd's.
Most recently - Paris.
Why would a man take a girl to Paris, you ask?
Best exchange rate available was via ATMs, which were everywhere - this was also the quickest and most convenient mode of exchange. Win, win, win. Just put in your US ATM card, punch in your PIN number, and out the local currency flows. After a while all the money is gone - and you do it all again.
Traveller's checks were second best as far as exchange rate was concerned, and a bit of a pain to cash. Private exchange offices came in third - they were not common, but could be found by first checking out their location in any guide book. Banks fourth - and you get to be metal detected and face possible search and such - arousing mildly paranoid feelings when you find yourself a stranger in a strange land.
These experiences likely vary with country, individual, and era. I have no recent experience in London.
Bon Voyage,
Epaminondas
P.S.: First-time would-be world travellers tend to feel a bit overwhelmed, lost, and dependent on their guides. A good guidebook can really open one's eyes, build confidence, etc. You might consider buying the young gentleman a "Let's Go" guide to London, if available - they are a pretty good resource for someone travelling at the student level. For lighter fare, you might try looking into the "Lonely Planet" guides.
[ 03-08-2003, 02:46 PM: Message edited by: Epaminondas ]