Planning a trip to the beautiful island of Bali? One of the things you’ll need to sort out before you go is your spending money. Here, we’ll cover everything you need to know about converting Indonesian Rupiah (IDR), also known as Bali RP, to US Dollars (USD).
The Exchange Rate:
The exchange rate between IDR and USD fluctuates, but as of today, June 6, 2024, it’s around 1 IDR = 0.000062 USD. This means it takes a fair amount of Rupiah to get one US Dollar.
How to Convert:
There are a few ways to convert your money:
- Before you travel: Most banks and currency exchange offices will allow you to convert your USD to IDR. Shop around to get the best rate.
- ATMs in Bali: Many ATMs in Bali dispense IDR. Be sure to check with your bank about any fees associated with international ATM withdrawals.
- Money changers in Bali: You’ll find money changers throughout Bali, especially in tourist areas. Always compare rates before exchanging your money.
Tips for Getting the Best Rate:
- Avoid airport currency exchanges: They typically offer less favorable rates.
- Look for exchange offices with "no commission" fees.
- Bring larger bills: You might get a slightly better rate for exchanging larger denomination USD bills.
Travel Money Apps:
Consider using a travel money app like Wise or Revolut. These apps often offer competitive exchange rates and low fees for international transactions.
Using your credit card:
Using your credit card for some purchases in Bali can be convenient, but be aware of foreign transaction fees charged by your bank.
Remember:
- Always carry a mix of cash and credit cards.
- Notify your bank that you’ll be traveling to Bali to avoid any issues with using your cards overseas.
Enjoying Bali!
By following these tips, you’ll be well on your way to enjoying your trip to Bali without any currency exchange headaches. Now you can focus on planning your adventures, relaxing on the beaches, and soaking up the Balinese culture!
