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Tipping Point: What is the cheapest way to carry currency abroad?

The US dollar is universally accepted

Dollar, US, $, Inflation
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Last Updated : Sep 28 2017 | 4:11 AM IST
What is the cheapest way to carry currency abroad? 

Compared to currency notes and traveller's cheques, forex cards work out to be cheaper. For currency notes, a forex dealer can charge three-five per cent extra for each unit of currency. A few online portals provide forex cards at interbank rates. If you are going to more than one country, you can take a multiple-currency card.

Is taking the US dollar more convenient when travelling to a small country? 

Yes, it is. Instead of carrying Indian rupee as a buffer, a traveller should take the US dollar. The US dollar is universally accepted, and also the margins charged on its conversion are the lowest. 
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