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Traveler's checks offer several advantages, including enhanced security, as they can be replaced if lost or stolen, unlike cash. They are widely accepted in many places, making them a convenient alternative to carrying large amounts of cash. Additionally, using traveler's checks can help with budgeting, as they can be pre-purchased in specific amounts, allowing travelers to manage their spending more effectively. Lastly, they often come with a fixed exchange rate, which can protect against currency fluctuations.

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