Planning a trip to Bali and wondering how far your money will go? This post will be your guide to converting your currency, specifically, how much 5 million would be in Indonesian Rupiah (IDR), the currency used in Bali.
Indonesian Rupiah (IDR)
The Indonesian Rupiah is the official currency of Indonesia, and it’s the money you’ll need for your Bali adventure. Bills come in denominations of 1,000 IDR, 2,000 IDR, 5,000 IDR, 10,000 IDR, 20,000 IDR, 50,000 IDR, 75,000 IDR, and 100,000 IDR. Coins come in 100 IDR, 200 IDR, 500 IDR, and 1,000 IDR denominations.
Converting Your Currency
There are a few ways to convert your currency to Indonesian Rupiah:
- Before you travel: Many banks offer currency exchange services. Check their rates and fees beforehand to get the best deal.
- ATMs in Bali: ATMs are widely available in tourist areas. Be sure to check with your bank about international transaction fees before you go.
- Money changers: Money changers can be found in airports, shopping centers, and tourist areas. Shop around for the best rates, and be wary of places with high fees or suspicious exchange rates.
How Much is 5 Million IDR?
As exchange rates fluctuate, it’s impossible to give you an exact answer for what 5 million IDR will be in your home currency today. However, you can use a currency converter online or through your bank’s app to get an estimate.
Here’s a tip: When using a currency converter, enter the amount in IDR (Indonesian Rupiah) and set your desired home currency. This will give you a good idea of how much 5 million IDR is worth in your money.
Remember: The exchange rate you see online may differ slightly from the rate you get when you actually convert your money.
Making your money go further in Bali
- Bali is a budget-friendly destination: Generally, your money will go far in Bali, especially compared to Western countries.
- Carry a mix of cash and cards: While credit cards are accepted at many restaurants and shops, it’s always good to have cash on hand for smaller purchases, taxis, and entry fees.
- Haggling is expected: In some markets and with some vendors, haggling over the price is expected. This can be a fun cultural experience and a way to save some money.
- Eat local: Local warungs (small, family-run restaurants) offer delicious and affordable meals.
By converting your currency wisely and following these tips, you can make the most of your money while enjoying your trip to Bali!
