The TRAVELER'S JOURNAL: October eleventh, changing money in South America.

More travelers than ever are heading to Latin America, for business, pleasure and eco-adventures. They find a diversity of culture, commerce and currency. Here are some economic expedients to keep in mind when in the Southern Hemisphere.

First, it's probably not necessary to get local currency before arriving. ATMs are widely prevalent, and airport banks also usually open at any hour to greet incoming flights. Their exchange rates won't be the best, but they'll be better than any you'll get outside the country. Cash also fetches better rates than traveler's checks, although the latter have the value of added security. Greenbacks are often accepted with the local currency. In fact, dollars are officially O.K. in Panama and Ecuador. Though they'll take crisp 50s and even $100s, Latin Americans tend to be very wary of well-worn bills of any denomination. Money changers can be found on the street, but check their math. Most are honest, but some do use rigged calculators or manipulate wads of bills to cheat the unwary.

Credit cards are widely accepted, but not all stores and restaurants with window stickers saying they accept Mastercard and Visa actually do. Also ask about fees. Some places tack on charges up to 13 percent for those paying with credit rather than cash. It's also wise to let your card carrier know you'll be traveling in South America.

Although ATMs are prevalent, several countries honor only PLUS system cards, others only accept Cirrus. Checking before you go will help avoid nasty surprises.

FMI For more information, contact the South American Explorers, a non-profit membership organization that provides information on travel, work, study, and volunteering in Latin America 607-277-0488 or www.samexplo.or

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