For a first timer who is visiting Bali, finding the best place to change money in Bali who offer safety, comfort and reasonable exchange rate it will be a significant obstacle. Therefore on this page, I will inform you regarding most recommended Bali money changers. So by knowing where to change money in Bali, you will be able to avoid money changer scam.
Besides information regarding the best place to change money in Bali, on this page, I also inform you other related information regarding currency in Bali such as:
- Which currency used in Bali?
- 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?
Which Currency Used In Bali?
If you have this question on what currency accepted in Bali, please continue reading this page! However, if you have known what is Bali currency called, please scroll down until best money to take to Bali.
Bali Island is one of Provinces in Indonesia, and all the official monetary in Bali controlled by Indonesian central bank which is called Bank Indonesia. The next question will be, what is Bali Indonesia currency called? Indonesia currency calls Indonesian Rupiah, and the currency code is IDR. So, the legal currency used in Bali is Indonesian Rupiah.
Indonesian Rupiah (Currency For Bali)
There is two type of Indonesian Rupiah, coins, and banknotes. The coins that available and still currently in use is from IDR 100 – IDR 1.000. For the notes, available from IDR 1.000 – IDR 100.000.
List Of Indonesian Banknotes:
Therefore the largest Indonesian Banknotes is IDR 100.000. At the moment I wrote this articles, USD 1 = IDR 13,368, which is mean IDR 100.000 = USD 7.48.
Find Out Here: “The Update Exchange Rate From USD to IDR – www.xe.com” >>>
On September 5, 2016, Indonesian central bank issue new banknotes and at this moment still there a transition from old Indonesian banknote to the new Indonesian money. Therefore, there is a chance you gone see two type of Indonesian banknote with the same value. Both the old and the new Indonesian Rupiah legally used in Bali Indonesia.
Find Out: “The List Of New Indonesian Banknotes” >>>
Best Money To Take To Bali
When you buy merchandise in 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 Indonesian Rupiah. By bringing 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 option to get Indonesian Rupiah, and there are:
- Buy Indonesian Rupiah in advance in your country.
- Get a traveler’s cheques from your bank.
- Take your currency and change it to Indonesian Rupiah in Bali.
- Withdraw Indonesian Rupiah in cash from ATM.
You can get Indonesian Rupiah by changing your origin currency at a money changer in your country before leaving your country heading to Bali. You also can bring traveler’s cheques from your bank, but this way is less efficient. Due to not all places in Bali accept traveler’s checks.
If you decide to bring your currency is also fine! However, you need to change it to Indonesian Rupiah (official currency Bali) when you arrive in Bali before making any transaction.
There are many money changers in Bali mentioning an authorized money changer or money changer without commission. However, you still need to know most reputable, secure and safe money changer in Bali as the best place to change money in Bali. Therefore, by knowing the best place to change money in Bali, you will be able to avoid money changer scam and get a fair rate for your currency.
Besides money changers, you can obtain Rupiah by using a credit card or debit card at an ATM in Bali. However, you need to take note that the exchange rate on each ATM varies. Also, you need to be aware! By using an ATM in Bali, there is a chance you get charged by your bank for an international withdraw fee and local bank transaction costs.
From 4 ways obtaining Indonesian Rupiah, the best choice for most travelers is number 3. Take your origin currency and change it to Indonesian Rupiah in Bali.
Where To Change Money In Bali
There are plenty places you can exchange your money in Bali such as at Ngurah Rai International airport, your hotel and most of the tourist area in Bali. When you exit the arrival terminal at Ngurah Rai International airport, you will find there is an authorized money changer offer fair exchange rate. However, if you want slightly better exchange rate, you need to find it outside the airport.
Let say if you do not have an airport pickup arrangements, and you want to get a taxi meter from the airport to your hotel, it is better for you to change your money to IDR at the airport. Average taxi meter price from airport to Kuta around IDR 200k – IDR 300k, so changing your money to IDR 500k at the airport will be enough for you pay the taxi meter fare. However, if you are heading to Ubud from Ngurah Rai International airport, taxi meter price will be more expensive, approximately around IDR 500k – IDR 600k.
Let’s say you need IDR cash urgently at the hotel, and the safest way is to change your money at your hotel. However, hotel exchange rate slightly lower compares to outside authorized money changer.
To find the best place to change money in Bali outside the airport and in your hotel, you need to continue reading!
List Of Best Place To Change Money In Bali
Below is the list of most recommended Bali money changers, for sure is an authorized money changer with a better rate and offer branch on most of the famous tourist area in Bali such as Kuta, Legian, Seminyak, Sanur or Ubud.
1. Central Kuta Money Exchange
Central Kuta money changes is an authorized money changer in Bali establish since 1985. Also, Central Kuta money exchange is one of the most recognize money changers in Bali. Central Kuta Money exchange has many branches spread all around of Bali area. Also, Central Kuta money exchange, offering updated and better exchange rate, no commission with security services.
You can find Central Kuta Money changer branch at Nusa Dua, Tanjung Benoa, Sanur, Denpasar, Ubud, Kuta, Legian, and Seminyak. Consequently, branch with the highest visitor of Central Kuta money changer located at Jalan Raya Kuta No.168. At this branch, you can easily get a place to park your vehicle.
Besides buying foreign currency and converted to IDR, Central Kuta also provides services for customers who want to change their Indonesian Rupiah to other currency, let say USD, AUD or SGD. However, if you plan to buy foreign exchange with IDR with a large amount, you need to go to Central Kuta headquarters.
Address: Jalan Sunset Road No. 168, Seminyak – Bali 80361.
Phone : 0361 – 4741940 | Fax : 0361 – 4741936.
Opening Hour Monday – Saturday: 07:30 – 21:30 | Sunday: 09:00 – 21:00.
Google Map: https://goo.gl/maps/CRPLTRFDt5z.
2. PT. DIRGAHAYU VALUTA PRIMA
At number two of the best place to change money in Bali is PT. Dirgahayu Valuta Prima, established at 1984 and until now still maintained an excellent reputation as authorized money changer in Bali. Also, PT. Dirgahayu Valuta Prima offer superior exchange rate, with plenty of security guard around the places for customers safety.
PT. Dirgahayu Valuta Prima also offer widely spread branch on most well-known tourist location in Bali. Such as Kuta, Legian, Sanur, Tabanan, Ubud, Denpasar and Tanah Lot. Therefore, when you have a holiday at Tanah Lot Temple Bali and need IDR cash to buy some Bali merchandise, you can go PT. Dirgahayu Valuta Prima branch at Tanah Lot.
Address: Jl. Danau Tamblingan No.66, Sanur – Bali 80361.
Phone : +62 361 282657 | +62 361 282658.
Opening Hour Monday – Sunday: 08:00 – 23:00.
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 established on January 12, 1993, and until now BMC money changer is still known as one of recommended authorized money changer 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 located at Jalan Raya Seminyak No 16 a, Kuta-Bali. However, the busiest is branch based in Kerobokan.
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 – 22:30.
Google Map: https://goo.gl/maps/DBPy5fPhyAL2.
How To Get The Best Exchange Rate In Bali
After you know all above recommended money changers in Bali, you still need to know that foreign coin not accepted on all money changers in Bali, only banknotes. Also, keep in mind, most money changers in Bali only take clean and crisp foreign bills, a newer bill is more likely accepted. Therefore if you have a torn, wrinkled bank note, there is a significant change your money rejected.
Also when you see the rate is USD 1 = IDR 13,368, this applies to higher value banknotes, for example, USD 100 & USD 50 bills. So when you change smaller bills such as USD 1 or USD 5, you will get lower exchange rate, and this is normal. Therefore, if you have a question on how do I get the best exchange rate in Bali? The answer is going to the above-Authorized money changer and bring a higher bill such as USD 100 or AUD 100.