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Is it better to exchange money before or after?
Although this depends on many factors, including which currencies you want to convert and which country you are travelling to, generally speaking exchanging your money AFTER you travel will provide you with a more favourable exchange rate. The rule is simple: the more common the currency is, the cheaper it will be.
What is the best currency to take to Indonesia?
The best currency to take to Indonesia is either Euro or US dollars if you want to change money. Stick to reputable exchange offices or go to a bank in order to avoid getting scammed. The rate can still be poor though, so always check the current online before you accept any offers.
Is it cheaper to exchange money in Bali?
You will generally get a better rate of exchange at the legitimate money changers in Canggu, Seminyak, Kuta, Legian, Ubud, Sanur or Jimbaran, than in the hotels. The hotels are a lot safer but you will end up getting less due to the lower exchange rates.
What can $100 USD buy in Indonesia?
In Indonesia, USD $100 Can Get You:
10-15 days’ worth of three square meals from a cheap Indonesian warung, eating nasi campur (mixed rice); 5-8 days’ worth eating at Westernized or mid-range restaurants. About 60-80 beers. 1-3 one-way budget airline trips from Jakarta to Bali. 4-8 nights’ stay in a Bali budget hotel.
What is the best time to exchange money?
When is the best time to change currency? Allow plenty of time to watch currency movements; start looking at least one month before your holiday and buy when the rate is climbing and the pound is strongest ie. when you get the most euros, dollars or other currency for your sterling.
When should I exchange money?
Best Place to Exchange Currency Before and After Traveling
Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate.
Should I exchange money before I travel to Indonesia?
We usually recommend waiting until you arrive in Bali to get your rupiah. Money changers in Bali can and will exchange all major currencies. In most cases there is no need to bring any other currency other than your own.
What currency is best to take to Bali?
Better to take hard currency and change when you arrive. Pounds are acceptable, as are euros, but US or Australian dollars are better regarded and generally secure the best rates.
What can you buy with 5000 rupiah?
Rp 5,000. A 5,000 bill will get you a medium bottled water or a couple of traditional snacks from the market. This note will also be enough to pay the fare for most minivan buses or intercity bus routes.
How much money should I exchange for Bali?
You would need $1400 USD which is around 20,000,000 Indonesian Rupiah. In this case, you could exchange $700 and bring $700 and exchange it in Bali as you need it.
Where should I exchange money in Bali?
What currency is best to bring to Bali? The best money changers, BMC and Central Kuta Money Exchange, tend to have the best exchange rates and a plentiful supply of Indonesian Rupiah, so you can bring almost any currency and they will have a solid market rate.
How much cash should I bring to Bali?
For spending money we recommend bringing the following, based on your travel budget: Low-cost: IDR200,000 ($19) per person, per day if you plan to eat local and take public transport. Mid-range: IDR530,000 ($50) per person, per day if you plan to dine in restaurants and hire a car or take private transport.