How to change money in Bali and the best ways to do it, to exchange your foreign currency into local Indonesian Rupiah cash.

Bali, the famed Island of the Gods, is not just a paradise for its breathtaking landscapes and vibrant culture, but also a hotspot for travelers and expats who flock to its shores seeking adventure and tranquility.

As you plan your journey or extend your stay in this enchanting island, one critical aspect to consider is managing your finances, particularly currency exchange. Navigating the world of rupiahs doesn’t have to be daunting.

In this guide, there’s essential tips and insights on the best ways to exchange currency in Bali, ensuring that your financial transactions are as smooth and beneficial as your Balinese adventures. Let’s dive into the nuances of currency exchange in Bali, from choosing the right places to exchange your money to avoiding common pitfalls, so you can make every cent count on your tropical getaway.

When visiting Bali, understanding the best practices for currency exchange can ensure you get the most out of your money. Here are key tips and insights for exchanging currency in Bali:

Bali Money Changer Exchange Guide

Options for Currency Exchange

In Bali, you can exchange currency at banks, authorized money changers, hotels, ATMs, and airports. Among these, banks often offer poorer rates, and airport exchange booths, while convenient, tend to have the worst rates. Many hotels exchange money but usually at low rates.

Authorized Money Changers

The best option is often to use authorized money changers found in tourist areas like Kuta, Legian, Seminyak, Sanur, and Nusa Dua. Look for places with stickers stating “Authorized Money Changer” or “Penukaran Uang Asing.” It’s advisable to use major authorized companies and avoid smaller independent changers, which may use dishonest tactics.

Best Time to Exchange

For the best rates, exchange money on weekdays, particularly from Monday afternoon through Friday afternoon. Larger denomination bills also attract better rates.

Hidden Fees

Be aware of hidden fees, such as transaction fees, commissions, and spreads. Look for exchangers promoting “no commission,” and be mindful of the spread between buy and sell rates. Remember, they have to make their money somehow, they aren’t changing your money from the kindness of their hearts – it’s a business.

Safety Tips

Use authorized money changers and avoid exchange stalls in suspicious locations. Count your money before leaving the exchange counter, carry small amounts of cash, and use secure ATMs, preferably inside banks. Keep a mix of smaller and larger bills for easier transactions with street vendors.

Using Credit Cards and ATMs

Credit cards are widely accepted in hotels, restaurants, and larger shops in tourist areas, but some smaller vendors may only take cash. ATMs connected to international networks are available, but be cautious of transaction fees and the risk of card skimming.

Currency Selection

Bring clean, undamaged bills for exchange. In Bali, it’s best to exchange major currencies like US dollars, euros, or Australian dollars as they typically offer better rates.

Legal Limitations

There are limitations on the amount of foreign currency you can bring into Indonesia. Amounts above IDR 100 million (about USD$7,500) must be declared at customs.

Avoiding Scams

Stay vigilant against unauthorized money changers, especially those offering significantly higher rates, which could be a sign of potential fraud. If you suspect you’ve been cheated, return to the money changer and demand the correct amount.

Research and Compare Rates

Before your trip, research average exchange rates online to know what’s fair. Compare rates at various authorized money changers in tourist areas. Avoid exchanging currency at the airport upon arrival due to poor rates.

Bali Currency Exchange Guide

Following these guidelines will help you navigate the currency exchange process in Bali safely and efficiently, ensuring you get the best value for your money.


The Bali Guide