When travelling to Indonesia, it’s important to be aware of the country’s currency and how to exchange money. The Indonesian rupiah (IDR) is the official currency of Indonesia. Notes are available in denominations of 100, 500, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah, while coins are available in denominations of 1, 5, 10, 20 and 50 rupiah.
Exchanging money in Indonesia can be done at banks, money changers or hotels. Most establishments will accept major foreign currencies, such as US dollars, Euros and Australian dollars. It’s best to carry smaller denominations of foreign currency, as Indonesian merchants may not have change for larger banknotes.
When exchanging money, it’s important to be aware of the exchange rate. The current exchange rate can be found online or in newspapers. Make sure to ask the money changer how much money you will receive for your foreign currency, as some may offer a lower rate than others.
It’s also important to be aware of the commission charged for exchanging money. Most money changers will charge a commission of around 3-5 percent.
Some establishments, such as hotels, may also offer to exchange money, but the rates may be higher than at money changers.
It’s also possible to use a credit or debit card to withdraw cash from an ATM in Indonesia. However, be aware that not all ATMs accept international cards and that there may be a charge for using an ATM.
- 1 Is it better to exchange money in Indonesia?
- 2 What is the best currency to take to Indonesia?
- 3 Where can I exchange Indonesian rupiah?
- 4 Should I exchange money before going to Bali?
- 5 Should I take cash or card to Bali?
- 6 How much cash can I take to Indonesia?
- 7 How much cash can I bring into Indonesia?
Is it better to exchange money in Indonesia?
When travelling to a foreign country, it’s important to take into account the best way to exchange your money. In some cases, it’s better to exchange your money before you leave, while in others it’s better to wait until you arrive in the foreign country. In the case of Indonesia, it’s generally better to wait and exchange your money once you arrive.
There are a few reasons why exchanging your money in Indonesia is a better option than exchanging it before you leave. Firstly, the exchange rate in Indonesia is usually better than the exchange rate in your home country. Secondly, you’ll be able to take advantage of the many currency exchange kiosks that are available throughout Indonesia. These kiosks offer a much better exchange rate than the banks, and they’re open late into the night, making them a convenient option for exchanging your money.
Finally, it’s important to remember that not all businesses in Indonesia accept foreign currency. If you try to pay for something with foreign currency, the business may not be able to accept it and you’ll need to exchange your money into Indonesian rupiah. By exchanging your money in Indonesia, you’ll be able to avoid this hassle and save yourself time and money.
What is the best currency to take to Indonesia?
When travelling to Indonesia, it’s important to know what the best currency to take with you is. Each country has its own currency, and exchanging money can be a hassle. Here is a guide on what the best currency to take to Indonesia is.
Indonesia uses the rupiah as its official currency. The rupiah is divided into 100 sen, and coins come in denominations of 1, 5, 10, 25, and 50 sen, and 1 rupiah. Banknotes come in denominations of 2, 5, 10, 20, 50, 100, 500, and 1,000 rupiah.
When travelling to Indonesia, it’s best to take US dollars with you. US dollars are accepted in most places in Indonesia, and they are easy to exchange. Euros are also accepted in some places, but they may not be as easy to exchange as US dollars. Other currencies, such as the British pound or Australian dollar, may not be accepted at all in Indonesia, so it’s best to avoid them.
Where can I exchange Indonesian rupiah?
If you are in Indonesia and need to exchange your currency for rupiah, there are a few options available to you. You can exchange your currency at a bank, an exchange office, or a money changer. Each of these options has its own set of pros and cons, so it is important to weigh your options before selecting the best option for you.
Exchanging currency at a bank is the most common option. Most banks have exchange counters where you can exchange your currency for rupiah. The rates at banks are usually fairly competitive, and you can also get a no-fee foreign currency debit card from some banks. However, the lines at banks can be very long, and the process can be slow.
Exchanging currency at an exchange office is another option. Exchange offices usually have shorter lines than banks, and the process is usually faster. However, the rates at exchange offices tend to be less competitive than the rates at banks.
Exchanging currency at a money changer is another option. Money changers usually have the most competitive rates, but the process can be slow and there may be a lot of paperwork involved. Additionally, not all money changers accept all currencies.
So, where can you exchange your Indonesian rupiah?
Banks are the most common option, with most banks having exchange counters. Exchange offices are another option, with most exchange offices having shorter lines and faster service. Money changers are the most competitive option, but not all money changers accept all currencies.
Should I exchange money before going to Bali?
When travelling to a foreign country, it’s important to do some research on the best way to handle your finances. For some destinations, it’s necessary to exchange your money into the local currency before arriving. Bali is one of those destinations – here’s what you need to know about exchanging money before going to Bali.
The currency used in Bali is the Indonesian rupiah. While you can use US dollars or other foreign currencies in some places, it’s best to exchange your money into rupiahs to make the most of your trip. Many places in Bali – including restaurants, hotels and shops – accept payment in rupiah, so it’s wise to have some on hand.
There are a few ways to exchange your money before going to Bali. You can go to a bank or money changer, or use a currency exchange service online. The exchange rate will vary depending on which option you choose, so it’s important to do your research and compare rates.
If you’re going to be in Bali for a while, it might be a good idea to buy some rupiahs before you leave. This can be done at a bank or money changer, and will lock in a favourable exchange rate. Just be sure to keep track of how much money you’re spending, as it can be easy to lose track when dealing in a foreign currency.
So, should you exchange money before going to Bali? The answer is yes – it’s the best way to make sure you’re prepared for your trip. Take the time to compare rates and find the best option for you, and you’ll be ready to enjoy your holiday in Bali!
Should I take cash or card to Bali?
There are pros and cons to taking cash or card with you to Bali. Here is a breakdown of each:
•Cash is king in Bali and you will need it for most transactions.
•You can exchange your currency for Indonesian Rupiah at the airport or in town.
•ATMs are widely available in Bali, but beware of high withdrawal fees.
•Be sure to have small bills on hand as many places do not have change.
•Credit and debit cards are accepted at many places in Bali.
•There are no currency conversion fees for card transactions.
•Be aware that your bank may charge a foreign transaction fee.
Ultimately, it is up to you whether you want to take cash or card with you to Bali. Just be sure to research your bank’s foreign transaction fees and plan accordingly.
How much cash can I take to Indonesia?
When traveling to Indonesia, it is important to know how much cash you are allowed to bring into the country. The maximum amount of cash that can be brought into Indonesia is 2,000,000 IDR (approximately $150 USD). If you are bringing in more than this amount, you will need to declare it to customs.
If you are traveling to Indonesia with a credit or debit card, you will be able to withdraw cash from ATMs once you arrive in the country. However, it is important to note that Indonesian banks charge a fee for withdrawing cash from foreign bank cards. The fee is usually around 3-4% of the amount withdrawn.
How much cash can I bring into Indonesia?
If you’re planning on traveling to Indonesia, you’ll need to know the country’s currency and exchange rate. The Indonesian rupiah (IDR) is the official currency of Indonesia, and in April 2018, one US dollar was equivalent to IDR 13,690.
When traveling to Indonesia, you’re allowed to bring in a certain amount of cash without having to declare it to customs. The maximum amount of cash that you’re allowed to bring into the country is IDR 100 million (approximately US$7,500), but it’s important to note that this amount is subject to change.
If you’re carrying more than IDR 100 million in cash, you must declare it to customs. You’ll also need to provide documentation detailing the source of the funds and how you plan to use them. If you can’t provide this documentation, you may be required to surrender the funds to customs.
If you’re traveling to Indonesia with a debit or credit card, you won’t need to worry about bringing too much cash with you. Most businesses in Indonesia accept debit and credit cards, and you can also use your card to withdraw cash from ATMs.