When it comes to traveling to Bali, paradise doesn’t come free. But budgeting for your trip can be a breeze if you know the exchange rate between the Indonesian Rupiah (IDR) and the Australian Dollar (AUD).
In this post, we’ll break down everything you need to know about converting your Australian dollars to Rupiah for your Balinese adventure.
The Currency of Bali
Bali, like the rest of Indonesia, uses the Indonesian Rupiah (IDR). It comes in denominations of bills and coins. You’ll likely encounter bills from 1,000 IDR to 100,000 IDR and coins from 100 IDR to 1,000 IDR.
Current Exchange Rate
As of today, June 6, 2024, the exchange rate is approximately 1 AUD = 10,869 IDR. This means that one Australian dollar gets you a little over ten thousand Indonesian Rupiah.
Handy Conversion Tools
There are several online tools that can help you stay on top of the exchange rate and convert your currency on the go. Here are a couple of popular options:
- XE Currency Converter: https://www.xe.com/currencyconverter/
- Wise Currency Converter: https://wise.com/us/currency-converter/
Tips for Converting Your Money
- Cash vs. Card: While credit cards are widely accepted in tourist areas, carrying some cash is always a good idea for smaller purchases, taxis, and entry fees.
- ATMs: ATMs are readily available in Bali, but be aware of withdrawal fees charged by your bank and the ATM itself.
- Money Exchange: Currency exchange booths are plentiful, but rates can vary. Look for shops with clear signage and avoid those offering significantly higher rates than the average.
Planning Your Budget
Knowing the exchange rate allows you to estimate your spending in Bali. Research typical costs for accommodation, food, transportation, and activities to create a realistic budget. Remember to factor in additional expenses like souvenirs and unexpected costs.
Enjoying Bali on a Budget
Bali offers experiences for every budget. Here are some ways to save money:
- Stay in guesthouses or homestays for a more affordable alternative to hotels.
- Explore local markets for delicious and inexpensive meals.
- Utilize public transportation or rent a scooter to get around.
- Take advantage of free activities like hiking waterfalls or visiting temples.
By understanding the currency exchange and planning effectively, you can ensure a fantastic and affordable Balinese holiday!
