For a first-timer visiting Bali, finding the best place to change money in Bali, which offers safety, comfort, and a reasonable exchange rate will be a significant obstacle. Therefore on this page, I will inform you about the most recommended Bali money changers. So by knowing where to change money in Bali, you will be able to avoid money changer scams.
Besides information regarding the best place to change money in Bali, on this page, I also inform you of other related details regarding currency in Bali, such as:
- What cash is accepted in Bali?
- What is the best money to take to Bali?
- Where to change money in Bali?
- List of most recommended money changers in Bali?
- How to get the best exchange rate in Bali?
What Currency Is Accepted In Bali?
If you have this question about what currency is accepted in Bali, please continue reading this page! However, if you know what Bali currency is called, please scroll down until you find the best money to take to Bali.
Bali Island is one of the Provinces in Indonesia, and all the official monetary in Bali is controlled by the Indonesian central bank, which is called Bank Indonesia.
The next question will be, what is Bali Indonesia currency called? Indonesian currency calls Indonesian Rupiah, and the currency code is IDR. So, the legal money used in Bali is the Indonesian Rupiah.
Indonesian Rupiah (Currency For Bali)
There are two types of Indonesian Rupiah, coins and banknotes. The coins that are available and still currently in use are from IDR 100 – IDR 1,000. The notes are available from IDR 1.000 – IDR 100.000. List Of Indonesian Banknotes:
Therefore the most significant number of Indonesian Banknotes is IDR 100.000. I am writing this article, USD 1 = IDR 15.677, which means IDR 100,000 = USD 6.38.
Find Out Here: “The Update Exchange Rate From USD to IDR – www.xe.com” >>>
New Rupiah Banknotes
On August 17, 2022, the Indonesian central bank issued new banknotes, and at this moment still, there is a transition from the old Indonesian notes to new Indonesian money. Therefore, there is a chance you gone see two types of Indonesian notes with the same value. The old and the recent Indonesian Rupiah are legally used in Bali, Indonesia.
Find Out: The List Of New Indonesian Banknotes.
Best Money To Take To Bali
When you buy merchandise in the Ubud art market or pay a taxi meter in Bali, you need Indonesian Rupiah as the legal currency of Bali. Therefore, the best money to take to Bali is the Indonesian Rupiah.
By bringing an Indonesian Rupiah, you can get your change in return, and everybody except the Indonesian Rupiah when you do transactions in Bali. So the definite answer of, what money should I take to Bali? The answers are Indonesian Rupiah.
Obtaining Indonesian Rupiah
So how do I get Indonesian Rupiah? You have four options to get Indonesian Rupiah, and there are:
- Buy Indonesian Rupiah in advance in your country.
- Get traveler’s cheques from your bank.
- Take your currency and change it to Indonesian Rupiah in Bali.
- Withdraw Indonesian Rupiah in cash from ATM.
Buy Indonesian Rupiah In Advance In Your Country
You can get Indonesian Rupiah by changing your origin currency at a money changer in your country before leaving and heading to Bali.
Get a Traveler’s Cheque from Your Bank
You can also bring traveler’s cheques from your bank, but this way is less efficient because not all places in Bali accept traveler’s checks.
Take your currency and change it to Indonesian Rupiah in Bali
If you decide to bring your cash, it is also excellent! However, it would be best if you changed it to Indonesian Rupiah (the official currency of Bali) when you arrive in Bali before making any transaction.
Bali has many money changers, mentioning authorized money changers or money changers without commission. However, you still need to know the most popular, secure, and safe money changer in Bali as the best place to change money in Bali.
Therefore, by identifying the best location to change money in Bali, you can avoid money changer scams and get a fair rate for your currency.
Withdraw Indonesian Rupiah in cash from ATM
Besides money changers, you can obtain Rupiah using a credit or debit card at an ATM in Bali. However, it would be best if you noted that each ATM’s exchange rate varies. Also, you need to be aware! By using an ATM in Bali, there is a chance you will get charged by your bank for an international withdrawal fee and local bank transaction costs.
Of the four ways of obtaining Indonesian Rupiah, the best choice for most travelers is number 3. Take your original currency and change it to the Indonesian Rupiah in Bali.
Where To Change Money In Bali
There are plenty of places you can exchange your money in Bali, such as at Ngurah Rai International airport, your hotel, and most of the tourist areas in Bali. When you exit the arrival terminal at Ngurah Rai International airport, you will find an authorized money changer offering a fair exchange rate. However, if you want a slightly better exchange rate, you need to see it outside the airport.
Let’s say you do not have an airport pickup arrangement and want to get a taxi meter from the airport to your hotel. You should change your money to IDR at the airport. The average taxi meter price from the airport to Kuta beach Bali is around IDR 200k – IDR 300k, so changing your money to IDR 500k at the airport will be enough for you to pay the taxi meter fare.
However, if you are heading to Ubud, let’s say to Ubud monkey forest from Ngurah Rai International airport. Taxi meter price will be higher, approximately around IDR 600k – IDR 700k.
Let’s say you need IDR cash urgently at the hotel, and the safest way is to change your money at your hotel. However, the
You need to continue reading to find the best place to change money in Bali outside the airport and in your hotel!
List Of Best Place To Change Money In Bali
Below is the list of the most recommended Bali money changers; for sure is an authorized money changer with a better rate and offer branch in most of the famous tourist area in Bali such as Kuta, Legian, Seminyak, Sanur, or Ubud.
Disclaimer: Autor of this page does not affiliate with all authorized money changers below. We aim to write an article about the best places to exchange currency in Bali so that we can provide holiday guides to Bali for travelers on vacation to the island of Bali for the first time.
1. Central Kuta Money Exchange
Central Kuta money changes is an authorized money changer in Bali established in 1985. Also, the Central Kuta money exchange is one of Bali’s most recognized money changers. Central Kuta Money exchange has many branches spread all around of Bali area. Also, Central Kuta money exchange offers updated and better exchange rates and no commission with security services.
You can find the Central Kuta Money changer branches at Nusa Dua, Tanjung Benoa, Sanur, Denpasar, Ubud, Kuta, Legian, and Seminyak. Consequently, the unit with Central Kuta money changers’ highest visitor is at Jalan Raya Kuta No.168. At this branch, you can quickly get a place to park your vehicle.
Besides buying foreign currency and converting to IDR, Central Kuta also provides services for customers who want to change their Indonesian Rupiah to other money, let’s say, USD, AUD, or SGD. However, if you plan to buy foreign exchange with IDR large enough, you must go to Central Kuta headquarters.
Central Kuta Money Exchange Headquarters.
Address: Jalan Sunset Road No. 168, Seminyak – Bali 80361.
Phone: 0361 – 4741940 | Fax: 0361 – 4741936.
Opening Hour Monday – Sunday: 08:00 – 21:30.
Google Map: https://goo.gl/maps/CRPLTRFDt5z.
2. PT. DIRGAHAYU VALUTA PRIMA
Number two of the best place to change money in Bali is PT. Dirgahayu Valuta Prima was established in 1984 and, until now, still maintains an excellent reputation as an authorized money changer in Bali. Also, PT. Dirgahayu Valuta Prima offers a special exchange rate, with plenty of security guards around the places for customers’ safety.
PT. Dirgahayu Valuta Prima also offers widespread branches in Bali’s most well-known tourist locations. Such as Kuta, Legian, Sanur, Tabanan, Ubud, Denpasar and Tanah Lot. Therefore, you can go to PT Dirgahayu Valuta Prima branch at Tanah Lot when you have a holiday at Tanah Lot Temple Bali and need IDR cash to buy some Bali merchandise.
PT. Dirgahayu Valuta Prima – Sanur Money Changer.
Address: Jl. Danau Tamblingan No.66, Sanur – Bali 80361.
Phone : +62 361 282657 | +62 361 282658.
Opening Hour Monday – Sunday: 08:30 – 20:00.
Google Map: https://goo.gl/maps/oBPss5zcnV12.
3. PT. Bali Maspintjinra – BMC Money Changer
Number three on the best place to change money in Bali is BMC money changer, also known as PT. Bali Maspintjinra. BMC money changer was established on January 12, 1993, and until now, BMC money changer knew as one of the recommended authorized money changers in Bali. Also, BMC money changer has many branches all over South Bali. Such as Kerobokan, Legian, Sanur, Ubud and Batubelig North Kuta.
The head office of BMC money changer location is at Jalan Raya Seminyak No 16 a, Kuta-Bali. However, the busiest branch is based in Kerobokan.
BMC Money Changer Banjar Taman Kerobokan Bali Near Canggu.
Address: Jalan Raya Kerobokan No. 50/87, Banjar Taman, Kerobokan Kelod, Kuta Utara, Bali 80361.
Phone: 0361 – 737070 | Fax: 0361 – 736247.
Opening Hour Monday – Sunday: 08:00 – 23:00.
Google Map: https://goo.gl/maps/DBPy5fPhyAL2.
How To Get The Best Exchange Rate In Bali
After you know all the above-recommended money changers in Bali, you still need to understand that all money changers do not accept foreign coins in Bali, only banknotes.
Also, remember that most money changers in Bali take clean and crisp international bills; a newer note is more likely accepted. Therefore if you have a torn, wrinkled banknote, there is a significant chance your money will be rejected.
Also, when the rate is USD 1 = IDR 15,400, this applies to higher-value banknotes, for example, USD 100 & USD 50 bills. So when you change smaller notes, such as USD 1 or USD 5, you will get a lower exchange rate, which is normal.
Therefore, if you have a question, how do I get the best exchange rate in Bali? The answer is going to the above-Authorized money changer and bringing a higher bill, such as USD 100 or AUD 100.
Finally, if you find the article about the best place to change money in Bali helpful, please leave your comment below.