The Indonesian Rupiah is considered as an exotic currency by the foreign exchange business.although the country is the fourth largest in the world by population.buying Indonesian currency anywhere outside the country is likely to give you a gloomy exchange rate. It is best to exchange currencies on arrival, pounds are acceptable, as are euros, although the dollar is better regarded on the island. US or Australian dollars are better regarded and generally ensure the best rates so that the Bali Currency is in constant currency movement.
In Indonesia you will find notes of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupees The Bali Currency , although a priori you will think that they do not exist, have a value of between 100 and 1000 rupees, are not so common but there are.
The Balinese currency
The Bali tourism oriented companies have become very talented in giving visitors their money through fair means or foul. This is not to discredit the most honest drivers, waiters, bankers and tour guides in Bali, but should be careful not to get ripped off in Bali, as there are also many scammers waiting for the opportunity to take advantage.
There are many exchange facilities in all the major tourist areas of Bali, most of them accept Bali currency for exchange of other currency, like the US dollar, Australian dollar and British pound. Honest negotiators operate alongside shady money changers, and it is very difficult to distinguish one from the other.before leaving to change your bills, check a local newspaper for for updated exchange rates. But don’t take the rate seriously: the resulting exchange may end up being lower because of the fees charged and the exchange points.
Exchange money safely in Bali
The following locations are arranged in order of reliability and are
- Banks – You are less likely to get ripped off when exchanging money at a bank.», ‘
- Hotels – Many hotel reception desks allow for currency exchange, offering lower exchange rates compared to banks and regular money changers
- Authorized money changers Bank of Indonesia\’s authorized money changers announced their status as Pedagang Valuta Asing Berizin or PVA Berizin.
How much is the rupee worth?
Follow these tips to make sure you get the most out of every transaction when exchanging foreign currency for Bali currency some of the tips are
Tips for exchanging your money in Bali
✅ Do not choose solely on the basis of the best advertised rate. Fly-by-night operations use exchange rates almost too good to be attractive.Do business with PVA Berizin members preferably, if you cannot withdraw the amount you need from a local ATM.
✅ Bring fresh, high value bills with you the larger the bill to be exchanged, the easier it will be to get change for Bali Currency Old bills will be rejected by most money changers, or charged a lower rate. The more affordable your bill is the more likely you are to get the best rate from .
✅ Count your money before you change it ; count it and count it again after you change it so that no errors occur that may not favor you later.
✅ Do not be the last person to handle the money in the transaction. Do not allow the money changer to give you back your money, to count it just in case as you may get ripped off and not get the exact transaction amount from the Bali Currency. .