You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. Home to beaches, mountains, lush greenery and historical monuments, Sri Lanka is one of the hottest holiday destinations for Indians right now. Its proximity to India and cheap flights are a few reasons for people to visit this country. History of daily rates INR /IDR since Monday, 7 February 2022.
We do our very best to give you the most accurate journalistic information, but we can’t guarantee to be perfect. You use the information at your own risk, for more details read ‘how our site works’. If you have run out of time before your trip, you might find you get a better rate and lower overall costs if you make an ATM withdrawal on arrival in Bali instead. Due to the intensive trading of currencies, the exchange rate changes often during the week. As with other assets like gold or stock, this causes price fluctuations. Keep in mind that the exchange rate you get from your bank for Indonesian Rupia is not the same as the market price of a currency.
Order a travel card online or in a store for your trip to Bali, depending on the provider you pick, and top up in either AUD or IDR before you travel. Your exact options will depend on the specific card, as holding a balance in IDR isn’t always available. Just tap to pay in stores, and take out cash as and when you need it, rather than carrying all your travel money with you on departure. Most financial transactions in Bali are carried out in local currency, but in tourist places they can accept dollars or less often euros. At the same time, the latter are usually exchanged at a less favorable rate. Accordingly, it is best to either immediately go to Bali with rupees, or take dollars.
- I use it constantly to transfer money to and from my home bank accounts and even to other people’s bank accounts in other countries.
- At the same time, the latter are usually exchanged at a less favorable rate.
- Cambodia is quite 1rs to bali currency among tourists from Western countries too and its popularity is slowly spreading among Indians as well.
- Foreign currencies like the US dollar, UK pound and Australian dollar can be very easily changed at one of the many money changers in Bali.
- In many foreign destinations, cash is absolutely necessary but in Bali you won’t need to keep that much on hand.
In addition, we recommend setting up notifications on your phone about financial transactions with it. Up until 1997, Indonesia used the managed floating rate currency exchange system and the government devalued the rupiah several times to boost exports and aid economic expansion. This caused the value of the Indonesian Rupiah (IDR) to drop against other currencies. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money.
Exquisite Honeymoon Tour in Bali – Includes Private Pool Villa Stay
Although having said that, a bottle of water from a multi-national chain like Circle-K will cost more, around IDR 8,000. You can find ATMs in any of Bali’s popular tourist locations – although the safest are those located in or near well lit bank offices. All investment services are provided by the respective Wise Assets entity in your location. Convert 1 Indian Rupee to Indonesian Rupiah using latest Foreign Currency Exchange Rates.
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. 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.
Independently operated ATMs will charge you crazy fees and Southeast Asia has many of these independent ATMs. You can pay with a credit card at hotels, https://1investing.in/ spas, restaurants and stores. In many foreign destinations, cash is absolutely necessary but in Bali you won’t need to keep that much on hand.
Staying in Bali for more than just a holiday
Money changers go where the tourists are—from the airport down to the larger villages upcountry. Unfortunately, Bali money changers have acquired an unsavory reputation due to their extensive repertoire of dirty tricks. We compare currency exchange and money transfer services in over 200 countries worldwide. We only display reputable companies which we have researched and approved. The information supplied on this site does not constitute financial advice. Always do your own research on before making any financial decisions.
What is the Bali Currency to the USD exchange rate?
The good news is that this means there’s something in Bali for every budget. Here’s a brief outline of the typical costs to help you plan. Both in Australia and in Bali, steer clear of exchanging currency at the airport. A captive market means that rates are often worse in the airport than in city centres. Simply top up your card and convert to the currency you need in real time using the Wise app. The following Indonesian banks operate within Bali, and provide ATM and over-the-counter services.
How to convert Indian rupees to Indonesian rupiahs
Before you travel to Bali it’s worth getting to know the exchange rates you can expect when you’re there. While rates move around all the time, the mid-market exchange rate for your currency pair is always a good place to start. It’s the rate that banks and currency exchange services get when they buy and sell currencies on global exchanges, so a good benchmark. Some banks offer currency exchange, but it’s not as common as you might think, as so many people have moved over to card usage overseas.
The land of islands, clear blue waters and tropical climate, Indonesia is one of the countries where the Indian currency is higher. Whats more, it offers Indians a free visa on arrival which means you can surely have a good time without spending much. The best day to change Indian rupees in Indonesian rupiahs was the Sunday, 13 November 2022. ” – If you mean for currency exchange then yes but the rate is very poor.
There are many money exchange booths you will find in the streets of popular areas. Find some of the best currency exchange options by location, here. While we travel to Bali and Indonesia very frequently, you cannot use Australian dollars in Bali. The rest of this article has some information about how you can convert currency for your holiday.
Click on the offsite links in the list below to access their English-language sites and find their branches and ATMs in Bali. Bali’s tourist-oriented businesses have become very talented at parting visitors from their money through fair means or foul. Let’s walk through the cash notes and coins you’ll find in circulation in Bali so you’re prepared.
The fast and reliable converter shows how much you would get when exchanging one Indian Rupee to Indonesian Rupiah.