Money in Bali

You may still come across them in circulation, and they are legal tender. Bank notes in a range of denominations and some coins (although you hardly see any these days!). Use our currency converter to see how much your money is worth in Indonesian rupiah and familiarise yourself with the mid-market rate before your trip. Find trusted and authorized money changers; usually, they have decent places with air-con, good waiting room, cashier windows, and security guards. If you stop by their websites, you might also find that they have many branches and good reviews.

Thanks to historic inflation, Indonesian money comes in huge denominations ranging from aluminum IDR 50 coins to staggering IDR 100,000 bills. You can use a regular debit card in Indonesia, and a credit card isn’t required, but it might be a good idea to check with your bank so that there aren’t any restrictions to using the card abroad. If there is no green shield logo and registration number, they are NOT authorised money changers and should be avoided.

Wherever you go you will need it, whether to pay for parking, entrance to museums, tips, or taxi rides, or to buy knickknacks, you will need to have low denominations of cash. Although Rp100,000 bills are useful bali indonesia currency for high-priced items, smaller shops and taxis do not carry large amounts of change. There seems to be an expectation that the customer should provide appropriate change, rather than the other way round.

Indonesian Rupiah to

You also need to carry your home country’s driver’s license. This article gives you all the info and how to get one online. Simply top up your card and convert to the currency you need in real time using the Wise app. Coins’ values are not significant and not widely used because the amounts are usually rounded to avoid the need for small exchanges.

Money changers generally offer the best rates and are the most convenient. Double-check your money before leaving as there are money changing scams, especially in the Kuta (on Bali) area. State-sponsored Wartel Telecommunications Service offices are the best. Banks generally offer the next favored rate but going into a bank is time-consuming and often exhausting. Starling and Revolut are the standout winners or travel cards for Bali as they guarantee a fixed exchange rate and there are no hidden fees. There are plenty of exchange facilities all over Bali’s main tourist areas, most of them accepting currencies like the US dollar, Australian dollar, and UK pound.

Do they Tip in Bali?

Some small fees might apply in addition to your bank changes, such as the transaction fee, the international exchange fee, etc. – luckily, the amounts are still reasonable. Other major money-changers can be easily found in the city or any touristy destinations around Bali. However, if you do need to change money at a local money changer, the exchange rate will always be displayed outside and it’s a good idea to compare a few to ensure you’re getting the best rate possible. Before planning trip to bali, you need to know about where you can exchange your currency in bali. It so easy to find Money Changer in Bali, you can find it in every single spot of tourist area, some of them will charge you 3%-5% commission, but bigger money changer will not charge you anything.

Bali is known as a particularly affordable destination; however, resorts tend to be a little more expensive than the local markets. Nevertheless, resort prices are still a fraction of what most Australian travellers would be used to paying at home. ATMs are available all over Bali however daily withdrawal limits can be fairly low. You’ll likely need cash to pay at local merchants and sellers however most resorts will offer credit card facilities. Tipping in Bali is not necessary however will be greatly appreciated if you would like to reward outstanding service.

ATMs in Indonesia

These currency charts use live mid-market rates, are easy to use, and are very reliable. Instead of staying in expensive hotels, you should consider trying something a little different to experience the city like a local. Take a look at some of the best-rated super host places to stay in Bali, Indonesia from Airbnb. The Indonesian rupiah has denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000. These notes use invisible ink that can only be seen with UV light, among other measures that prevent counterfeiting.

• I would recommend coming at least 2 hours earlier to be on the safe side.
• If you only realize the scam once you left the office, there is little you can do because they will blame you for taking the money or loosing it.
• You can pay with a credit card at hotels, spas, restaurants and stores.
• We recommend exchanging a small amount of cash into Indonesian Rupiah before you enter the country as taxis, markets and small local warungs will deal in cash only and will only accept IDR.
• Unfortunately, though convenient, using an ATM in Bali usually attracts charges from your bank and the local bank and possibly poor exchange rates.
• On average, a good room at the Bead&Breakfast hotel will cost about $ per day, and an apartment – $35-75.

The reason for this is that locals will withdraw large amounts of cash days before holidays leaving ATMs dry and banks closed. Although cash isn’t used in too many circumstances, you will still need some. If you do find yourself in a situation, you can usually exchange money in Bali at hotels. This post has everything you need to know about converting USD to IDR, including where to secure the best exchange rates and how to avoid paying high fees on your conversion. The government abandoned the fixed exchange rate, and altered economic policy to a form of a managed float. By March 1983, the managed float had brought only an 11% fall in three and a half years to Rp702.

Bali Currency

The policy began to be set out in November 1966, following the reaching of agreement with Indonesia’s creditors in October 1966 on debt relief and loan restructuring. Economic policies were put in place to require adequate bank reserves, ending subsidies on consumer goods, end import restrictions, and to devalue the rupiah. After the 1959 devaluation, inflation, which had been running at 25% per annum 1953–1959, grew exponentially, with rates over 100% in 1962, 1963, and 1964, and 600% in 1965.

You may also check with your bank regarding fees on international transactions. The unit of currency in Indonesia is the rupiah, from the Sanskrit word for wrought silver, rupya. Notes are Rp1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000; the largest denomination is worth about US$10 (£5.90). These numbers of course depend on currency exchange rates so this is just intended as a guide.

Our guide to the currency of Bali will tell you all about Bali money – what it looks like, what it is made of, the best ways to use it and how to get your hands on it. Using money in Bali can be confusing because of all those zeros! Even something costing about US$100 is Rp1,000,000, or one million rupiah, and the mind starts to boggle.

All You Need to Know About Exchange Rate and Bali Currency

It had now lost a third of its value, and now a full-blown ‘crisis’ existed in Indonesia. The continued overvaluation of the rupiah meant that Indonesia was beginning to suffer a trade deficit, as well as falling foreign exchange reserves. The government responded by devaluing the currency on 30 March by 28% to Rp970. If you come from a country with a major currency, just bring that currency with you and change it at an authorised money changer, and most do not charge commission. However, the Rp100,000 note comes in both paper and polymer (plastic) types from a time when Indonesia imported polymer notes in a trial from Australia. This polymer note was discontinued, however, because it was hard for counting machines to count in volume.

Entrance tickets to attractions – in the range of 3-20 dollars. If we are not talking about a package tour, then most of the amount spent will be housing. Starting from $ 7.5 for a hotel room in the provinces and ending with luxury villas for $10,000 per day. On average, a good room at the Bead&Breakfast hotel will cost about $ per day, and an apartment – $35-75. Join 100,000+ monthly readers who use Jen and Guy’s destination guides, travel tips, and itineraries to plan trips in the USA and around the world.

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Keep a small amount of Indonesian currency with you for smaller things like entrance fees and snacks. Waterfalls and temples in Bali have an entry fee that is paid in Indonesian currency. The cost is typically between 5,000 – 20,000 IDR (less than 2 USD). There are also concessions at some tourist attractions, where you can buy water or a snack, that only takes cash. You can either head to these banks that have normal hours or simply go to one of the ATMs that are available 24 hours a day. This is all located right after you exit immigration before reaching your transportation.