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Touring: Money
Most travellers will use either cash or travellers cheques to exchange foreign currency worldwide although credit cards are becoming more widely accepted every day. Foreign exchange bureaus like Thomas Cook and American Express now operate out of all the world's major financial centres and capitals. They offer the facility to exchange the currency of your homeland into that of the country you have chosen to travel in. There are many different kinds of currency in the world, many of which can be purchased before leaving home, some which can only be purchased within the country they originate from and some which once purchased in these countries, cannot be exported at all. Foreign exchange bureaus charge commission as a flat rate or a percentage of the total amount to be exchanged.

Money is perhaps not such a daunting thing to think about if your duration of stay is just a week or so but think about how much money you would need in reserve for a six month trip. How would you carry it? What form would it take (travellers cheques/credit card/cash)? Or would you keep transferring money from you home bank account, as and when you require it? Cash is much less safe to carry than travellers cheques because should it get lost or be stolen from your person, you would have very little or no comeback. With travellers cheques you have the piece of mind that they can be replaced if the worst should happen. That said, they take time and effort to exchange and can be frustrating to have to wait in banks in some areas of the world. It is also very frustrating when arriving in a new place to be faced with the scenario of not knowing much about the local currency and if you are being dealt a decent rate of exchange. 

It is perhaps best to do some research before leaving home by visiting currency tools on the internet or by obtaining exchange lists from foreign exchange bureaus. Tipping is often a stressful factor of any trip as to how much is the acceptable rate. Taxis often expect tips, especially those who collect or drop off passengers at international airports on time. For those who do tip, it is best to carry notes or coins in small denominations.
 

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