Alaska uses American dollars for currency. Traveler's checks issued by most major banks are widely accepted in Alaska. British guests should note that Sterling Travelers Checks are not accepted in Alaska. American dollars traveler's check is advised to ease problems in dealing with currency.

There are several types of foreign currency and different fees and regulations will apply. Exchange rates and fees will vary depending on chosen location, country of origin for the currency, how common the currency is and various other foreign currency exchange government regulations. The foreign currency exchange (FOREX) has become quite a popular form of investing, especially with the popularity of the Internet. Currency trading, on the other hand, fluctuates because of the price of various currencies that are in use throughout the world and are in direct comparison to the strength of the United States dollar.

When the United States economy is doing well, and the value of the dollar is up, other currencies are valued likewise, and the FOREX market does well. Thus, currency trading is a safer investment plan: currency trading is far less volatile than the stock exchange.