Currency Exchange at the Airport: how it works in Indonesia — first-hand
Short answer
Avoid exchanging money at the airport due to unfavorable rates and prioritize official, reputable currency booths in the city. Always verify the amount against the market rate, inspect cash carefully, and avoid using old USD bills which may be rejected or undervalued.
From real experience
When exchanging currency on Bali, it is advisable to use reputable money changers to get favorable rates.
Exchange offices in tourist areas may offer better rates than those in the airport. Always check the rates and inspect the currency before finalizing the transaction. It's also wise to be cautious about accepting older series US dollar bills, as some places might not accept them.
✓ 3 reports from chats
Exchange rates at Bali airport are generally worse than in the city.
However, the difference might not be critical for small amounts needed for a SIM card or taxi. For larger sums, it's advisable to exchange money in the city during business days.
✓ 2 reports from chats
Currency exchange on Bali: Exchange rates can vary significantly.
Avoid using old USD bills as they may be rejected or accepted at a lower rate. Euro is generally more accepted. Be cautious of unofficial money changers. For potentially better rates, consider exchanging via cryptocurrency using a local bank card. Exchange at the airport may offer less favorable rates.
✓ 1 report from chats
Official currency exchange booths in Bali are safer than informal ones.
Airport exchange rates are generally unfavorable. Always check the official market rate and beware of suspicious booths offering rates significantly higher than the market standard, as they are likely scams. Verify the final amount before handing over cash.