Travellers' cheques in euros are also available. When you cash them, you should get the local currency at the rate quoted above, but you may have to pay a commission or charge. This can either be a fixed fee or a percentage of the amount changed. Identification is required to change more than DEM 5 000. The Deutsche Bundesbank warns that the process can be quite lengthy, since each note is checked to make sure it isn't a forgery.
Identification is required.
The euro, and the 12 currencies participating in the system, will continue to fluctuate relative to other currencies. Three countries in the European Union are not currently participating in the euro system.