Currency

The unit of currency is Indonesia Rupiah indicated as IDR. USD1 is roughly equivalent to IDR 10.000,-. Foreign currency can be converted at banks and money changers.

Exchange & Currency

Here are some options that can help you save during your holiday in Bali.Credit Cards – Use a major credit card: American Express, MasterCard or Visa, whenever possible. The rate of exchange applied by the cards is likely to help you save more than exchanging cash or traveler’s checks into the Indonesian Rupiah.

Cash vs. Traveler Checks – Better exchange rates apply for major foreign currencies than for traveler checks. Moreover, extra fees often apply for cashing travelers checks – added to the fee you originally paid to purchase.Besides, cash eases your shopping in traditional markets in Bali. Which currency? – More buying power is gained if you exchange hard-currency cash – such as the Japanese Yen and Australian Dollar. But for the highest relative rate, bring US Dollars or Euros. Dollar denominations – The dollar denomination affects the exchange rate. Prime reason: The larger the denomination, the less likely the bill will be a counterfeit. That’s why US$100 bills get appreciably better rates than $50 bills, which get appreciably better rates than $20 bills. Only some money exchangers bother with $10 bills –– and if you have $5 and $1 bills, forget it. Whatever the denomination, bring the latest design style of US currency. And, be sure notes are crisp, unmarred and unwrinkled.

Money exchangers – Professional money exchange establishments (particularly those in Kuta’s main shopping areas) normally give you significantly better exchange rates than banks, which in turn give you appreciably better rates than you get at hotels and the airport. Note: Although nearly all Balinese money exchangers are honest, there are a few who “accidentally” miscount, use sleight of hand deception, use rigged calculators or tag on unexpected commissions. For getting best a reliable local source to point you to one of the many reliable money exchangers.

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