

Indonesia is a dream destination for travellers. Bali’s serene landscapes, Jakarta’s vibrant nightlife and Yogyakarta’s historical wonders — it doesn’t get better than that. To enjoy all of these things, though, having local currency on hand is important.
Fret not. I’ll teach you how to convert your currency into Indonesian Rupiah (IDR), ensuring you get the best value for your money.
Before you exchange money, it’s important to understand Indonesia’s currency. The Indonesian Rupiah (IDR) comes in various denominations, with common banknotes being 1,000, 5,000, 10,000, 50,000, and 100,000 IDR. Due to the large numbers on the bills, be mindful when handling cash to avoid confusion or overpayment. Exchange rates fluctuate, so it’s a good idea to check the current rate before exchanging money.
Also read: How to open US and UK bank accounts in Indonesia
There are several options for exchanging currency, but not all are equally safe or cost-effective. Here are the most reliable methods:
One of the safest ways to convert your money into IDR is through banks or licensed exchange offices. Look for authorised money changers approved by Bank Indonesia, as they follow strict regulations to ensure fair transactions. Reputable options include VIP Money Changer, Dirgahayu Valuta Prima, and Central Kuta Money Exchange.
Tips for safe currency exchange:
If you prefer convenience, using an ATM is a safe and easy way to withdraw IDR at competitive exchange rates. Major banks like Mandiri, BCA, BNI, and CIMB Niaga have ATMs across the country.
Things to keep in mind:
A multi-currency account like Grey is an excellent option for seamless international transactions. With Grey, you can receive, hold, and convert currencies like USD, EUR, and GBP at competitive rates, eliminating the need for physical cash exchanges.
Why choose Grey for currency exchange?
Currency exchange scams are common in tourist-heavy areas. Here’s how to stay safe:
Also read: How to send money to Indonesia
Cash is still widely used in Indonesia, especially in smaller shops, local markets, and rural areas. However, credit and debit cards (Visa and Mastercard) are accepted in hotels, restaurants, and shopping malls.
Also read: How to get an instant USD debit card in Indonesia
For a hassle-free way to manage your money while travelling, Grey offers a secure and cost-effective multi-currency solution. Instead of worrying about cash exchange or high bank fees, you can:
Navigating currency exchange in Indonesia isn’t nearly as stressful as it sounds. You can ensure safe, hassle-free transactions throughout your trip by using authorised money changers, trusted ATMs, or a multi-currency account like Grey.
Planning a visit to Indonesia? Create your Grey account today or download the app to enjoy inclusive global banking, designed to carry your dreams across borders.
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