Regarding Travellers Cheques, how are these used?
When encasing Travellers Cheques, in most countries one has to pay a commission charge for money exchange. Many shops accept US Dollars. But any change due to you will be given in the local currency only. Exchange rates fluctuate widely. Always keep a list of serial numbers & the purchase agreement of your Travellers Cheques separate to your Travellers Cheques. This will assist the refund if your Travellers Cheques are lost or stolen.
