This is especially true for businesses that rely on large investments and have foreign investors as partners. The final price in IDR will then be calculated using the current USD – IDR exchange rate. Converter X provides up-to-date exchange rates on global currencies. Check out the market overview
for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. The rupiah consists of banknotes of 1000 rupiah up to 100,000 rupiah and coins in denominations of 50, 100, 200, 500, and 1000 rupiah.
- This caused the value of the Indonesian Rupiah to drop against other currencies.
- Our smart tech means we’re more efficient – which means you get a great rate.
- I’ve written a separate article on why the Wise Debit Card is the best for travelling.
- Wise works with a local bank partner to offer the service in India with the approval of the Reserve Bank of India.
- Indonesian Rupiah comes in denominations of 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 rupiah banknotes.
To understand how these rates affect your travels, compare to general goods and services. Convenience stores are probably the worst place to withdraw money from an ATM for a few reasons. Independently owned convenience store ATMs charge a high transaction fee. For any money changer you come across in Bali, follow these simple steps to ensure that you do not get ripped off when exchanging foreign currencies. The local currency in Bali, as with the rest of Indonesia, is known as the rupiah (IDR, or RP).
What is the Bali Currency to the USD exchange rate?
So getting sticker shock from a restaurant bill of AUD$100 is understandable when it says you need to pay 1,000,000 Rupiah. I’m writing a separate guide on tipping in Bali, but for now, handing someone a 10,000 Rupiah banknote as a tip in a cafe or for some small service is appreciated. 20,000 Rupiah will buy you some local street food from a street-side vendor or local hole-in-the-wall cafes, like nasi goreng or a small portion of babi guling. When you’re buying currency for Bali, look out for the currency code IDR. And once you’re in Bali, you’ll see the symbol Rp used to show prices.
- PT Bali Maspintjinra Set up in 1993 it has various centres around Bali including Legian, Sanur, Ubud.
- Inflation has now rendered all coins and banknotes denominated in sen obsolete.
- For any money changer you come across in Bali, follow these simple steps to ensure that you do not get ripped off when exchanging foreign currencies.
- Accordingly, it is best to either immediately go to Bali with rupees, or take dollars.
- ” – If you mean for currency exchange then yes but the rate is very poor.
To put this in perspective, 1 Australian dollar gets you around 10,000 IDR, 1 US dollar gets you around 12,000 IDR, and 1 Euro gets you around 14,000 IDR. This means when they use a certain rigged ATM machine, their card gets copied as well as the pincode. Before using a machine, look for any visual damage or incorrectness to the machine. If you can’t buy some before your trip, the next best options are Australian Dollars , US Dollars or Euros .
That’s why I definitely recommend using an authorised money changer, and you can find out everything you need to know from my article about safely using Money Changers in Bali. Seriously, you need one, and not just for your Bali holiday but for travelling anywhere. I’ve written a separate article on why the Wise Debit Card is the best for travelling. This refers to the 10-20% tax and 5-10% service charge (++) added to most bills that foreigners frequent. I’m writing a separate post on what plus-plus means (there is another meaning that I won’t go into here) and how to spot a place where this will apply. These are useful banknotes to keep in your wallet, especially for motorbike parking down at the beach or anywhere a local parking attendant is operating.
The best way to avoid fees is to hold an account with a bank that doesn’t charge foreign change fees and you can simply withdraw your money from an ATM for a decent rate. US dollars are not generally accepted at Balinese businesses. Forex card issued by banks is another convenient way to get your currency exchanged. It is just like a debit card where you can deposit the money in your domestic currency and it will be converted to foreign currency. This is one of the most reliable money exchange centres in Kuta and Seminyak region. They have their branches all around Bali and offer decent exchange rates.
Charming Bali Holiday in Kuta & Seminyak – Bali Swing
Read on to see the things you need to know about Bali money to help you on your Bali trip. These are the average exchange rates of these two currencies for the last 30 and 90 days. When planning a trip to Bali, you are probably wondering about the currency and all things related to money in Bali. This post was created to help you find the best exchange rate, know how much cash you need to keep on hand and where to find safe ATMs. You’ll even find information about tipping and what attractions require cash. Bookmark this post about currency and money in Bali to serve as a helpful travel guide for your trip.
Whether you change money in advance, on arrival, or simply use your card to pay when you’re in Bali, you’ll soon become familiar with the notes and coins you’re handling. I’ve used many multi-currency debit cards while travelling extensively throughout South-East Asia, and without a doubt, the best is the Wise Debit Card. Use our currency converter to see how much your money is worth in Indonesian rupiah and familiarise yourself with the mid-market rate before your trip. Check live rates, send money securely, set rate alerts, receive notifications and more.
INR to IDR – Convert Indian Rupees to Indonesian Rupiahs
To get the best deal when spending on card or withdrawing money in Bali, don’t forget to use the Wise travel money card to avoid sneaky exchange rate markups and excessive fees. The Wise Indonesian rupiah travel money card lets you top up in your local currency, and switch to rupiah to spend when you’re in Bali. You’ll get the best rate for spending in Indonesian rupiah – and can also hold and spend 40+ other currencies with the same card. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
These are the highest points the exchange rate has been at in the last 30 and 90-day periods. Informally, Indonesians also use the word “perak” in referring to rupiah. Inflation has now rendered all coins and banknotes denominated in sen obsolete. There are several visa options available including the Free Visa, Visa on Arrival, Social/Tourist or Cultural Visa.
Buying Indonesian Rupiah before your trip
Hungarys capital Budapest is one of the most romantic cities in the world. You’ll be surprised to know that it is one of the countries whose currency is lesser than Indian rupee. Japan is a land steeped in culture yet one of the most technologically advanced nations. When here, visit the shrines, national parks and admire its skyscrapers.
Major banks like ANZ and Westpac, for example, no longer sell or buy foreign cash. Instead, they refer customers to their prepaid travel money card, or suggest you use your credit or debit card to pay when abroad. However, fees usually apply to some transactions, including some charges when you switch currencies from AUD to the local currency in your destination. https://1investing.in/ You’ll need to weigh up a few different options to find the travel money card that’s right for you – we’ll cover a couple to consider, next. You can use this currency converter tool to get the official exchange rate for today. The exchange rate you get at money changers for changing cash are usually 2.5% – 3% from the official exchange rates.
And with our daily summaries, you’ll never miss out on the latest news. In different parts of India, the currency is known as the rupee, roopayi, rupaye, rubai or one of the other terms derived from the Sanskrit rupyakam. The most commonly used symbols for the rupee are ₹, Rs and Rp.
Thanks to historic inflation, Indonesian money comes in huge denominations ranging from aluminum IDR 50 coins to staggering IDR 100,000 bills. If you decide to buy your currency when you get to Bali, the first thing you’ll need to do is make sure you have Australian dollars in cash. Bali is part of Indonesia, and so the official currency there is Indonesian Rupiah. Indonesian Rupiah is shortened to the code IDR online and in currency exchange offices, and you’ll often also see it written as Rp on menus and in stores.
For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com. Most banks have an upper withdrawal limit of IDR 3 million (about $330), although some machines can go as low as IDR 1.25 million or as high as IDR 5 million. Similar to in Australia, it’s best to avoid buying currency at the airport or your hotel, and better to head to a busier area where competition can push prices down. If you want to set your travel budget in advance, you may prefer to buy your IDR before you leave home.
Bali currency is referred to as the Indonesian Rupiah and is denoted by the currency code IDR. PT Bali Maspintjinra Set up in 1993 it has various centres around Bali including Legian, Sanur, Ubud. Join 80,000+ monthly readers who use Jen and Guy’s destination guides, travel tips, and itineraries to plan trips in the USA and around the world. For people that want to know what beautiful things you can see in Bali, check out our post on the Top 50 Instagrammable Bali Photo Spots.