Indonesian rupiah: Best performer in region
The Indonesian rupiah is the best performing currency in the region according to the Bloomberg business wire. There are a whole host of reasons for the rupiah’s gain, and if you are that interested you’d better talk to someone who understands business better than I do.
The current exchange rate with the US dollar is 9,005rp. The rising rupiah will mean slightly higher prices for visiting tourists and better profits for the country. Jakarta Post goes into depth about the rupiah’s record.
If you are visiting Bali you will see a whole range of exchange rates offered at local money changers. Some charge a commission but give better rates, others do not charge a commission but give worse rates. The most reliable money changers are Central Money Changer located at Bemo corner in Kuta, and the one across from Bintang in Seminyak.
If you want to check your own currency use this converter.
By Nick | Permalink
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Comments
Nick can’t you just use Aussie Dollars in Bali like it was the local currency?
In Tijuna Mexico, B.C. the American dollar is actually more welcomed than the Mexican Peso. In fact there are some places, and taxi drivers, that won’t even accept the domestic currenc and will demand payment in dollars.
Ahhh…. Carlos
Bali is not Australia, the currency in Indonesia is Rupiah.
In Australia you cannot go shopping with US Dollars… they just cant do the math for some reason.
However..One may use AU dollars with some vendors in Bali if you dont mind trading with a pitiful exchange rate.
I’ve always found outlets of PT Central Kuta bank very reliable and good rates.