An AMI is a template that contains the software configuration (operating system, application server, and applications) required to launch your instance.
From the console, chose the instance you want to copy
Let create an image from our instance
We will use our existing volume, there is no need for an additional one
Click on create image.
Click on image to view your AMI
Let copy our AMI to our desired destination region
Let pick our new region
Let lunch our newly copied instance, fill the details and create our instance.
Our instance is now running in London region.
You can terminate the old instance if you don't need it.
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