One of the most reasons that people rather to visit Bali than any other destination is that because it is affordable. However, by some tricks and hacks, you can also save some money and avoid being scammed.
Therefore, this comprehensive guide offers information about the currency exchange rate in Bali that allow you to spend wisely and save some money along the way.
I can assure you that by understanding the currency in Bali and how much it is worth, you would not worry about breaking the bank.
What is the currency in Bali is a common question that come along with other questions, such as is Bali Safe? Or is Bali expensive?
Therefore, it is important to have a good knowledge about this subject. Stick around as we answer all your questions regarding the currency in Bali.
This guide is specially for first time visitors as it allows them to navigate through the island without worrying about being scammed. Your comfort and safety comes before anything else.
The History Of Currency In Bali:
The history of currency in Bali reflects the island’s rich cultural exchanges and shifting political landscapes. In ancient times, Bali’s economy operated primarily on a barter system, with rice, spices, and livestock serving as key items of trade.
As maritime trade routes connected Bali with China, India, and other parts of Southeast Asia, the island began to adopt foreign currencies.
Notably, Chinese copper “Kepeng” coins became widely used, playing a significant role not only in trade but also in religious rituals.
During the Dutch colonial era, the Dutch guilder was introduced, replacing local forms of currency. The Japanese occupation in World War II briefly brought a new currency, but it quickly collapsed after the war.
Following Indonesia’s independence in 1945, Bali transitioned to the rupiah (IDR), the new national currency of Indonesia.
Over time, Bali’s currency system stabilized, especially as tourism grew, integrating the use of foreign currencies like US dollars and Australian dollars alongside the rupiah.
What Is The Currency In Bali?
The current currency in Bali is still the Indonesian Rupiah (IDR). However, the currency exchange rate in Bali fluctuates with other currencies, such as US Dollar (USA), Euro (Eur), and Saudi Riyal (SAR).
Here is a rough estimate of how much each of those currencies worth in IDR, so you can have a knowledge about their worth when doing an exchange.
- 1 USD is approximately 15,000 to 16,000 IDR.
- 1 EUR Is approximately 16,000 to 17,000 IDR.
- 1 SAR is approximately 4,177.15000 IDR.
To get the exact currency rate, it is best to check the currency converter or a financial website as rate vary day by day.
What Are The Best Currency Converter Apps In Bali?
Does Foreigners r Credit Cards Work In Bali?
Yes, most major credit cards like visa, MasterCard, and some American Express are accepted in Bali, specially in Larger hotels, restaurants, and tourist areas.
However, smaller businesses, local markets, and rural areas may only accept cash, the Indonesian Rupiah. Here are some tips for using credit cards in Bali:
- check if your card charges foreign transaction fees
- Notify your bank before traveling to avoid your credit card being blocked for suspicious activities.
- Always have some cash on hand for smaller purchases or in case a place doesn’t accept cards.
- Be aware of potential card skimming, specially at ATMs, and use machines located in more secure, well known location like banks.
Be Careful Of Currency Scam In Bali:
Currency scams can occur in Bali, particularly at street-side money changers or unauthorized exchange points. Here are some common scams to watch out for:
1. Unfavorable Exchange Rates:
Some money changers offer very attractive rates, but will charge hidden fees or manipulate the transaction to give you less money than expected. Always check the final amount you’re receiving.
2. Sleight of Hand:
In some cases, money changers may use sleight-of-hand techniques to shortchange you, counting the correct amount initially but then pocketing some bills when handing over the money.
3. Counterfeit Notes:
You may be given fake or old, unusable notes, particularly if you are not familiar with Indonesian currency. Always inspect the bills carefully for authenticity.
4. Hidden Fees:
Some changers will offer a good rate, but after the exchange, they may suddenly add a “service fee” or “tax” that wasn’t mentioned beforehand.
How to Avoid Currency Scams:
- Use Authorized Money Changers: Stick to licensed, well-known money changers (such as those found in malls, banks, or hotels). Look for official signs like “Authorized Money Changer.”
- Check Reviews: If using a smaller exchanger, read reviews or ask locals for recommendations.
- Count Your Money: Count the money carefully before leaving the counter, and make sure it matches the agreed-upon amount.
- Avoid Suspiciously High Rates: If an exchange rate looks too good to be true, it probably is.
- ATMs: Using ATMs for cash withdrawals is often safer, but stick to machines located in banks or secure areas to avoid skimming.
- There are coins in Bali, but not commonly used on the island. Many vendors round up or down the price. It is usually not in your favor.
By staying cautious and aware, you can avoid falling victim to these scams. Therefore, it is always good to know the currency in Bali to avoid being scammed.
What To Do If You Lose Your Bank Card In Bali?
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Conclusion:
With a little bet of planning and knowledge, you can have an unforgettable experience in Bali. Therefore, we made this blog for you as we uncover the currency in Bali and hidden knowledge regarding avoiding being scammed.
I hope you have a splendid visit to this beautiful island. We would love to hear your thoughts about this. Have you ever being scammed in Bali? What did you do? And how to avoid falling for it?
As we already mentioned, knowledge is key. Therefore, we made a series of blog post that guide you on the island of the gods.
You can learn about the best time to visit Bali, the weather in Bali, what to eat in Bali, and where to stay in Bali? There is more to know about this island, so we aim to educate you about every aspect of it.
You can find about the best places to visit Bali, so you can plan your two weeks itinerary on the island or plan your honeymoon in Bali. Whether it is visiting the capital of Bali or any other places on the island, we got your back.
There are many activities to enjoy on the island, such as snorkeling in Bali, hiking to waterfalls in Bali, surfing in Bali, snorkeling in Bali, visiting the best beaches in Bali, or horseback riding on the beach.
We also offer some inside knowledge about where is Bali located and how big is Bali to understand the island diversity.
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