Money Exchange Tips

Money Exchange in Bali: A Guide to Safe Transactions

Exchanging money in Bali can be tricky, as cash is still widely preferred. While money changers are plentiful, not all are reliable. This guide ensures a safe exchange experience.

Money Changers vs. ATMs

Foreign exchange transactions in Bali are mostly done at exchange offices rather than banks. ATMs offer security against card fraud, making them a good option for short stays. However, for exchanges over $500, using a reputable money changer is more economical.

Best Practices for Money Exchange

1. Exchange in Indonesia – You’ll get better rates in Bali than in your home country.
2. Preferred Currencies – USD, EUR, GBP, AUD, SGD, and JPY are widely accepted. Larger exchange offices also accept CAD, NZD, CHF, KRW, THB, MYR, PHP, INR, RUB, and RMB.
3. Denominations Matter – Larger banknotes (e.g., $50) fetch better rates than smaller ones. Bills must be in pristine condition.
4. No Commission & Realistic Rates – Trusted money changers, like BMC and Central Kuta, do not charge commissions. Always check the official exchange rate and be wary of offers that seem too good to be true.

Avoiding Scams

Fraudulent money changers often operate in poorly lit areas with no proper offices. Watch out for:

• Count Trickery – Scammers distract you to sneakily remove some banknotes. Always recount your money before leaving.
• Confusion Tactics – Fraudsters hand over mixed denominations, making it hard to verify the total amount.

Always use licensed exchange offices, verify the final amount, and stay vigilant to avoid losing money.