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Saturday, May 07, 2005

Traveller’s Check: The Ideal Forex Option

Travelling is a very pleasurable experience, especially if you are backed by a reliable foreign exchange medium such as a traveller’s check.

According to Traveller’s Cheques Still First Choice article posted on the Johnnic Media Investments Limited website, there’s a growing popularity on the usage of traveller’s checks over credit and debit cards lately in the South American market. Compared to last year, "the number of transactions (involving traveller’s checks) rose by 14% and the average rand value of transactions increased by 11%".

This "testifies to the enduring popularity of the traveller’s cheque which, in spite of alternatives such as credit and debit cards, remains the first-choice foreign exchange medium of many South Americans. And even though Amex (American Express) offers a full range of foreign exchange options, from cash to travel-specific cards, the traveller’s cheque" is still the one often advised as more advantageous on the part of the consumer.

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