Bali Backpacker's Guidelines

BALI MONEY CHANGER

BALI MONEY CHANGER

– All Details to Know About Money Changer in Bali –

There are a lot of money changer that spreads in Bali. Finding the best & honest money changer is a must to do for traveler who just landed in Bali island. Many travel blog and online traveler forum discuss about this topic. But, which one is the ‘true’, neutral and trusted?

Before i explain this topic, i will inform you other related information regarding money changer & currency in Bali:

WHAT CURRENCY USED IN BALI?

INDONESIAN RUPIAH (IDR)
Bali is one of Provinces in Indonesia Republic (RI), and all the official monetary in Bali controlled & managed by Indonesian central bank which is called Bank Indonesia (BI). Indonesia currency calls Indonesian Rupiah (IDR). Thus, the legal currency used in Bali is Indonesian Rupiah.

bali-backpacker_money_changer_in_bali_2

*) Photo source: detiktribun.com

WHAT TYPE BANKNOTES USED IN BALI?

INDONESIAN BANKNOTES & COINS
List Of Indonesian Banknotes:

  • 1,000.
  • 2,000.
  • 5,000.
  • 10,000.
  • 20,000.
  • 50,000.
  • 100,000.

OLD DESIGN BANKNOTES, BUT STILL VALID:

bali-backpacker_money_changer_in_bali_banknotes_1

NEW DESIGN BANKNOTES:

bali-backpacker_money_changer_in_bali_banknotes_2

List Of Indonesian Coins:

  • 100.
  • 200.
  • 500.
  • 1,000.

bali-backpacker_money_changer_in_bali_coins_1

*) Photo source: www.bi.go.id

WHERE TO CHANGE MONEY IN BALI?

BANK, ATM & MONEY CHANGER
There are some option to change your money in Bali. One of the option is an Indonesian Bank. There are many of Indonesian Bank in Bali such as BCA, BNI, Mandiri, BRI, etc. But, their rate is not very good. Almost same like the exchange rate in the money changer in the airport. Just forget about this if you looking the best rate. The smart Backpacker will avoid this way.

The other option is ATM in Bali. You can have Indonesian Rupiah by using a credit card or debit card in an ATM in Bali. However, you need to take concern that exchange rate on each ATM varies. Also, you need to take note, by using an ATM in Bali, there is a charged by your bank for an international withdraw fee and local bank transaction cost. The smart traveler will avoid this way.

The other option is Money Changer in Bali. You can obtain Indonesian Rupiah by change your money in the money changer in Bali. There are many money changers spread in Bali mentioning as ‘authorized’ money changer or money changer with ‘no commission’. However, you still need to know most reputable, trusted and safety 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 scaming and get a fair rate for your currency.

WHERE IS THE BEST MONEY CHANGER IN BALI?

MOST REPUTABLE, SECURE & SAFETY
There are so many money changer spread in Bali. Below are three of the biggest and experienced money changer in Bali, for sure is an authorized money changer with a better rate and offer branches on the touristic area in Bali such as Kuta, Legian, Seminyak, Sanur, Nusa Dua, Jimbaran, Canggu or Ubud:

  1. Central Kuta Money Exchange
  2. PT. Dirgahayu Valuta Prima
  3. PT. Bali Maspintjinra  (BMC)

CENTRAL KUTA MONEY CHANGER

DIRGAHAYU MONEY CHANGER

BMC MONEY CHANGER

Well, i don’t say i recommend these money changers, neither these are the best of money changer in Bali because i found their staff (worker) not professional and not friendly for sometime. But, you can use their rate as base when you change your money in any money changer in Bali.

HOW TO GET THE BEST EXCHANGE RATE IN BALI?

COMPARISON ON THE MOST REPUTABLE
After you know all above the biggest and experienced money changer in Bali, you still need to compare their rate to get the best exchange rate. Below the links that show their updated rate:

  1. Central Kuta Money Exchange
  2. PT. Dirgahayu Valuta Prima
  3. PT. Bali Maspintjinra  (BMC)

COMPARISON OF THE EXCHANGE RATE:

bali-backpacker_money_changer_in_bali_1

After you know the best exchange rate, you can change your money in any money changer in Bali which has the same rate above. While you doing the transaction, make sure the total number of your Indonesian Rupiah money same as the calculation, better you count the money in front of the money changer’s staff because the claim/complain after left the counter can not be considered. Counting your money in front of the staff also avoiding their scamming.

You need to know that foreign coins not accepted on all money changers in Bali, only banknotes. Also, most money changers in Bali only take clean and crisp foreign bills, a newer bill is more likely accepted. Sometime they will check the year of the money that printed. Therefore if you have a torn, wrinkled bank note, old, there is a significant change your money rejected.

Also when you change smaller banknotes such as USD $1 or USD $5, you will get lower exchange rate, and this is ‘normal’. Better bring a higher banknotes such as USD $100 to the money changer.

Don’t go to money changer with exchange rate higher than exchange rate from the link above (Actual exchange rate), obviously they do scamming or cheating you. No money changer give you their own money to change yours. So, make sure the exchange rate of money changer should not higher than actual/real exchange rate.

FOLLOW US:

Android: iOS:

 

PC/Laptop/Mac:

Is the article useful?
RATE THIS ARTICLE OR LET ME KNOW WHAT YOU THINKING

16 thoughts on “BALI MONEY CHANGER

    1. kunzbali Post author

      Well, some money changer doing dirty business.
      Usually it a small and not official money changer.
      They use a magician trick to take your money in front of you.
      Then when you leave the money changer and count it again,
      you found it less than it should be.

      I think as long you change the money at the recommended money changer above,
      the scamming won’t happen on you.
      Even if you change in their branches.
      Big or official money changer won’t to loose the established trust.

    1. kunzbali Post author

      I think the exchange rate will be higher in Bali rather Europe.
      So, it will better take Euro and change in Bali.
      But, for immediate needs you can change some Euro to Indonesian Rupiah (IDR) in Europe.
      Maybe € 30-50 for pay Taxi or buy SIM card.

        1. kunzbali Post author

          I don’t think Vietnamese Dong (VND) has good rate in Bali.
          Better you change into USD or Euro in Vietnam first.
          Then take it with you to Bali.
          When you landed in Bali, you can change it into Indonesian Rupiah (IDR).

  1. Carmela Patricia

    There’s a lot of scam in Bali and be sure don’t change near Ubud monkey forest and Campuhan. They tried to swindle 2 million from us. Keep your eyes and ears open.

    1. kunzbali Post author

      Well, it’s true.
      That’s why i recommend the big and trusted company only.
      You can check their name company above.
      Otherwise, i can’t guarantee you.
      Even they already mention: “No commission”.
      It’s not guarantee they run the honest business.

      We should watch out to these Money Changer that you mentioned.
      Thank you for share your experience here.
      I think it will be useful for everyone.

  2. Chris Ritchie

    I went to some banks in Bali, but they don’t want to accept my money because is old series. Can you help me where i can change this American dollar money?

    1. kunzbali Post author

      Usually the Bank in Indonesia don’t want to accept old series US Dollar.
      USD banknote with age 20 years or more.
      Only some Money Changer in Bali who can accept it.
      But, the exchange rate may lower than actual money changer rate.
      Otherwise, you can change to American who going back to the country.
      Somehow old series USD still used and applied in US.

  3. Andrea Sabatini

    Hi Kunzbali,

    Thanks for the post and the answer.
    I have a question.
    I saw so many Cash X money changer in Bali.
    Do you think they are an authorized and trusted money changer?
    Thanks.

    1. kunzbali Post author

      Yes, Cash X change is an authorized money changer.
      I drove a friend once time to their branch in Kuta.
      Their service is quiet good and no scamming.
      I think you can trust them.

  4. Jasmine Thompson

    I think i got the highest rate due to Corona pandemic. Also make sure you bring your passport when you want exchange your money.

    1. kunzbali Post author

      Thank you for share your experience.
      Yes, today some big and authorized money changer applied this policy.
      Otherwise, you can show your ID Card.

Leave a Reply

Your email address will not be published. Required fields are marked *