Kuta has a wealth of places to change money, some legitimate, others not. Here is a selection of foreign exchange rates offered at various location this afternoon on Poppies Lane I.
Dana Yoga on Poppies Lane I offered the following rates (extended figures indicate rates for lower denomination bills):
US Dollar 9300
AU Dollar 7875
HK Dollar 1150
Sing Dollar 6100
Malaysian Ringgit 2600
CA Dollar 8725
GB Pound 18750
Euro 12725
Swiss Franc 7700
J Yen 78.50
NZ Dollar 6850
Taiwan 260/200
Thai Baht 250/200
Swedish Krona 1200
Dannish Krona 1500
A small DVD shop close to Fat Yogi’s restaurant was offering these rates.
US Dollar 9220
AU Dollar 7800
HK Dollar 1110
Sing Dollar 5950
Malaysian Ringgit 2550
CA Dollar 8600
GB Pound 18650
Euro 12600
Swiss Franc 7500
J Yen 77.60
NZ Dollar 6800
Thai Baht 210
Swedish Krona 300
Dannish Krona 300
Bali Eka Ayu Tour & Travel just off of Poppies I near Pasar Agung, was offering these rates.
US Dollar 9280 / 9200 / 9100 / 7000
AU Dollar 7835
HK Dollar 1160
Sing Dollar 6075
Malaysian Ringgit 2600 / 1500
CA Dollar 8500
GB Pound 18650
Euro 12700
Swiss Franc 7700
J Yen 78.00
NZ Dollar 6825
Taiwan 150
Thai Baht 150
PT. Prawira Valas situated close to Fat Yogi’s was offering these rates today.
US Dollar 9300
AU Dollar 7850
HK Dollar 1110
Sing Dollar 6060
Malaysian Ringgit 2600
CA Dollar 8750
GB Pound 18700
Euro 12700
Swiss Franc 7700
J Yen 78.50
NZ Dollar 6850
Taiwan 240
Thai Baht 220
So there are slight differences in valuation. A couple of these places were tour and travel operators, experienced with dealing with foreign currencies and operating a legitimate business. The guys hanging out at the DVD store didn’t look so impressive and I’d steer clear of a place like that if I were you. Generally with money changers if they look like a proper office, with desks, office equipment, female staff and other usual things they are legit. A bunch of Kuta Cowboys lounging around doesn’t qualify as a money changer.
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{ 7 comments }
Never had a problem with Kodak money changers and always seek these out.
I have had problems with legit looking places with desks and phones etc.
A tip is to know roughly what you expect from the exchange and then use their calculator to calculate the exchange after they have used it. The guys on the street don’t like you doing this and therefore, as mentioned in the blog, don’t use them.
We use the Kodak money changers as well. Very professional and no-nonsense.
An ATM is even easier.
Yes, ATMs are easier in a pinch but you may still get a slightly better rate through a money changer.
I don’t know about that.
Stick with ATMs. What you lose in service charges you make up with in the security of not having to carry cash or TT\’s–not to mention the time you\’ll save not running around looking for the absolutely best exchange rate. In tourist areas ATMs are like weeds, and even in the outback they aren\’t too far away.
But bring a couple of different ATM cards with you in case one doesn\’t work….
The Kodak shop on Kartika plaza tried to rip us off. We only new because an angry tourist came in complaining about being ripped off. Sure enough at that moment the ladys behind the counter grabbed our money out of our hands and re issued it…
So much for Kodak shops.
I stick to the ATM’s
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