Bali Currency

When planning a trip to Bali, familiarising yourself with local currency is a smart move. Knowing a few basics about handling Bali currency can help you stay on your budget, make daily transactions stress-free, and save time.

This guide is an excellent reference to make confident choices related to money in Bali so you can enjoy your Bali getaway to the fullest.

What Currency Is Used in Bali?

The Indonesian Rupiah (IDR) is Bali’s official currency. It’s represented by the symbol “Rp”. Prices are typically shown as “Rp” followed by the amount (for example, Rp 50,000).

Quick Conversion Tip

Rp 10,000 is roughly equal to $0.64 or £0.49 (when we wrote this guide). Rp 10,000 is roughly half a dollar and around 50 pence. This estimate can help you quickly estimate prices in your currency.

It’s helpful to get familiar with the Rupiah’s denominations, as its larger figures can feel confusing at first.

Banknote Denominations and Value Tips

Indonesia’s currency has a wide range of denominations. Banknotes start from Rp 1,000 and go up to Rp 100,000. 

Here’s a quick breakdown of the notes you’ll most commonly see:

Tip: Many smaller shops and street vendors may need help to provide change for Rp 100,000 notes. It’s best to carry a mix of smaller bills for convenience.

Coins: Rp 100, Rp 200, and Rp 500 coins are mainly used for small transactions.

Is Cash Necessary in Bali?

Yes, cash is essential in Bali for smaller purchases like food from local vendors, souvenirs at markets, travelling in taxis, and tipping. Many local businesses don’t have card facilities. So cash is the only option. 

Most high end resorts and hotels, restaurants, and shops accept credit cards. But they may charge an additional 2-3% on card payments. Homestays, private villas and some smaller hotels may not offer card payment as an option, so it is best to pay ahead of time or with cash on arrival.

Tip: Carry small notes like Rp 5,000, Rp 10,000, and Rp 20,000 when doing basic shopping, as smaller vendors might not have change for Rp 100,000 bills.

Tips for Managing Cash and Small Bills in Bali

1. Break large bills, like Rp 100,000 notes, at supermarkets, hotels, or larger stores. There, change is readily available. This way, you’ll have smaller bills on hand for taxis, tips, and local vendors.

2. Keep your cash in different places to minimise risk. Divide it between your wallet, a secure pocket or a money belt. This way, you don’t lose everything at once.

3. When using ATMs, choose those in safe spots like malls or hotel lobbies. Avoid standalone ATMs on the street. They may be less secure.

4. Opt for a daily cash limit to control your spending. Setting a small daily budget and withdrawing only what you need can prevent overspending.

5. Consider a small pouch or wallet for day-to-day cash. Use this to quickly access smaller bills while keeping larger notes more securely stored elsewhere.

Exchanging Money in Bali Safely

Use trusted places to exchange currency to avoid losing money or getting counterfeit bills. Not all money changers in Bali are reliable. Some add hidden fees or use dishonest practices. Choosing a reputable place helps you get a fair rate and real currency.

Best Places To Exchange Currency in Bali

The safest options for currency exchange are banks, licensed exchange bureaus, and hotels. Hotels may offer slightly lower rates, but they’re safe and reliable.

• Banks: 

Indonesian banks like BCA, Mandiri, and BNI offer currency exchange services with transparent rates. Bank branches are found in major tourist areas and provide a safe and reliable exchange experience.

• Authorised Exchange Bureaus: 

Choose well-known bureaus like PT. Dirgahayu Valuta Prima or Central Kuta Money Exchange. They have multiple branches in Bali. These authorised bureaus display licences and clear rates. They’re more reliable and transparent than smaller, independent money changers.

• Airport Exchange Counters: 

Airport exchange counters are convenient. But their rates are usually less favourable than those in town. Use them for small amounts. If you need cash immediately, look elsewhere for better rates.

Tip: Check the displayed exchange rates before any transaction to avoid surprises and ensure a fair deal.

How To Avoid Money Changer Scams

In Bali, some unlicensed money changers may offer tempting rates but use tricks to shortchange tourists. Watch out for these signs:

1. Suspiciously High Rates: 

If the rate is much higher than average, it’s a red flag. Some changers use high rates to lure customers before shortchanging them. 

2. Hidden Fees: 

Ask upfront about fees or commissions. Reliable bureaus clearly state any charges. Smaller, independent changers may add hidden fees.

3. Counting Tricks: 

Some changers might use a sleight of hand when counting cash. Always count the cash yourself and double-check on the spot.

Tip: For safety, exchange money during daylight in busy tourist areas. Reputable changers are more likely found in popular zones where they’re visible and accountable.

Authenticity Check:
When exchanging money, check larger notes — Rp 50,000 and Rp 100,000 — for authenticity. Look for a watermark of the national hero on the note. Alternatively, feel for textured areas to ensure the notes are genuine.

Tips To Use ATMs and Cards in Bali

1. Use ATMs in hotel lobbies, malls, or banks. These locations are safer. They’re better maintained than standalone street ATMs.

2. Check with your bank about international transaction fees. Some banks charge a flat fee per transaction. Others add a percentage-based fee, which can add up. If your bank has partner banks in Indonesia, using their ATMs could help you save.

3. To minimise fees, withdraw larger amounts less frequently, as each transaction may carry a charge.

4. When prompted by an ATM to “lock in” the exchange rate, decline this option. It uses a less favourable rate. Let your home bank handle the currency conversion.

5. Cover the keypad when entering your PIN. Stay aware of others nearby to guard against skimming devices.

Understanding Exchange Rates on Cards

Using a debit or credit card in Bali can be convenient for larger purchases, but understanding exchange rates and fees is essential to avoid extra costs. We’ve collated the essential guidelines below.

1. Your bank or card provider applies an exchange rate for foreign transactions. This may include an additional fee. These fees vary. Check with your bank before your trip to know what fees to expect per transaction.

2. When paying by card, you may be offered the option to pay in your home currency (Dynamic Currency Conversion) or Indonesian Rupiah. Always choose Rupiah. Paying in your home currency lets the merchant set the conversion rate. This is often less favourable than your bank’s rate.

3. If you plan to use your card frequently, consider a travel card with lower foreign transaction fees. Some cards even offer better exchange rates to save on conversion costs.

Example Scenario:

Imagine you’re buying for Rp 1,000,000 in Bali. The store gives you a choice: pay in Rupiah or USD. Which option is better? Let’s look at each.

Outcome: You lose money on the conversion rate alone. Paying in Rupiah helps you avoid extra charges.

Common Money Mistakes and How to Avoid Them in Bali

Common Money Mistakes:

1. Relying excessively on cards where cash is needed.
2. Exchanging money at places offering unusually high rates.
3. Choosing to pay in your home currency instead of Rupiah.
4. Using ATMs that are alone in isolated areas.
5. Only carrying large bills that small vendors can’t break.
6. Withdrawing small amounts often adds up to ATM fees.
7. Trusting unlicensed money changers with hidden fees or tricks.

How to Avoid Them:

1. Carry a mix of cash and small bills for daily spending. Save card use for bigger purchases at reliable places.
2. Exchange money only at trusted banks or licensed bureaus. Check the rate displayed before you commit.
3. Always pay in Rupiah when using your card, as your bank’s rate is usually better.
4. Use ATMs in busy, safe areas like malls or hotels, where machines are better maintained.
5. Break large bills at supermarkets, hotels, and banks to have smaller notes ready for small buys.
6. Reduce ATM fees by withdrawing large amounts less often; check your bank’s fees for international transactions.
7. Exchange at banks, authorised bureaus, or hotel counters to avoid hidden fees and get a fair deal.

What to Do if You Lose Your Card in Bali?

1. Immediately call your bank to report the lost card. Many banks have 24/7 helplines specifically for emergencies abroad.
2. Use your bank’s mobile app to freeze or block the card. This prevents unauthorised transactions.
3. Ask your bank if they can send a replacement card to your Bali location. Some banks offer express delivery options for international replacements.
4. Use your bank’s emergency cash services or work with local partner banks to help you access cash temporarily.
5. Check your account and report to your bank immediately for any unauthorised transactions.

What to Do if You Lose Your Cash in Bali?

1. Visit your nearest consulate or embassy. Staff can advise on how to get assistance for emergency cash. Alternatively, they can connect you with local resources.
2. Contact family or friends to transfer funds through Western Union or MoneyGram, which have several locations across Bali.
3. Use mobile payment apps GoPay and OVO for small purchases.