Order a travel card online or in a store for your trip to Bali, depending on the provider you pick, and top up in either AUD or IDR before you travel. Your exact options will depend on the specific card, as holding a balance in IDR isn’t always available. However, a travel card can still be convenient and secure. Just tap to pay in stores, and take out cash as and when you need it, rather than carrying all your travel money with you on departure. Because every business is required by law to charge in IDR for their services, it is the dominant currency. However, you will still see rates published in US dollars, primarily in hotels and some activities.
Save when you send money abroad
There are many money exchange booths you will find in the streets of popular areas. Just make sure you’re careful counting what they give you. Both in Australia and in Bali, steer clear of exchanging currency at the airport.
₹1.000 INR = Rp187.3 IDR
If you want to set your travel budget in advance, you may prefer to buy your IDR before you leave home. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable.
Independently owned convenience store ATMs charge a high transaction fee. They also tend to have the majority of scams or fraudulent activity. Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money. Wise works with a local bank partner to offer the service in India with the approval of the Reserve Bank of India. Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries.
- Watch out in particular for exchange services which state there’s no commission, as the costs may simply be added into the exchange rate being used instead.
- They also tend to have the majority of scams or fraudulent activity.
- These currency charts use live mid-market rates, are easy to use, and are very reliable.
- Make sure to ask the cashier at the store you purchase goods from for a tax-free receipt.
Make Sure You Stock Up on Cash Before Any Public Holidays
You will probably need cash for transportation from the airport as taxis from the airport require cash. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. Up 1rs in bali currency until 1997, Indonesia used the managed floating rate currency exchange system and the government devalued the rupiah several times to boost exports and aid economic expansion.
I use it constantly to transfer money to and from my home bank accounts and even to other people’s bank accounts in other countries. It has saved me a small fortune in unnecessary bank fees and international wire transfer charges. Alternatively, digital payments like GoPay and OVO can be good options because they’re often lower in fees and can be more secure.
Historical Exchange Rates For Indian Rupee to Indonesian Rupiah
If you don’t declare it, customs have the power to confiscate the money! These standalone air-conditioned boxes are run by major banks and are well maintained. But again, be cautious these aren’t always monitored and could have been fiddled with. Join 100,000+ monthly readers who use Jen and Guy’s destination guides, travel tips, and itineraries to plan trips in the USA and around the world. Most of the people we came in contact with were wonderful and honest.
