Whatever the high-tech alternatives, travellers' cheques are still a safe and convenient way to carry money abroad. They're accepted in almost every country. How they work Travellers' cheques can be cashed in any country and carried safely because, if you lose them, you can cancel the old ones and order replacements. Australia, order the cheques in US dollars.
Dollars are the most widely accepted currency in the world.
Also, ask for the cheques to be in small denominations so you can cash only what you need. Remember, you'll incur a commission charge every time you cash a cheque. Note the numbers Remember to make a note of the serial numbers - and keep that note separate from the cheques. Also leave a list of the cheque numbers at home. That way, if they are lost or stolen, you will be able to get your money back from the cheque provider by quoting the numbers of the cheques you've lost.