Where is the best place to exchange cash?

Banks, credit unions, online bureaus, and currency converters provide convenient and often inexpensive currency exchange services. Once on foreign soil, the best means to convert currency is to use a foreign ATM or identify if your bank has ATMs or banking affiliates nearby.


What money is used in Jakarta?

The official currency of Indonesia is the Rupiah (IDR). It is best to exchange money at banks, NITOUR, or with authorized money changers (who offer the best rates).


Is $100 a lot of money in Indonesia?

In Indonesia, USD $100 Can Get You: 10-15 days’ worth of three square meals from a cheap Indonesian warung, eating nasi campur (mixed rice); 5-8 days’ worth eating at Westernized or mid-range restaurants. About 60-80 beers. 1-3 one-way budget airline trips from Jakarta to Bali.

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Is 100000 rupiah a lot?

Rp 100,000 100,000 alone can get you a nice meal in a nice restaurant, and probably be enough for a night at a simple hostel.


Can I exchange money at the post office?

Unused currency can be exchanged for sterling at selected Post Office branches. You may need to produce your original Post Office receipt. Please click here to find your nearest branch.


How do I use IDR?

To find out how much one IDR is worth in USD, divide one by the exchange rate. For example, if the rate is 14,200, divide one by 14,200 to get 0.00007. This is the IDR/USD exchange rate, meaning it costs $0.00007 for each Indonesian rupiah.


Why rupiah is so weak?

The rupiah, down about 3% versus the dollar in 2021 and at around 14,500 currently, was not reflective of its fundamentals and its weakness was attributable to a spillover effect of U.S. fiscal policies, Bank Indonesia’s deputy governor Dody Budi Waluyo told an online economic forum.


Is 20 usd a lot in Indonesia?

Is Indonesia an expensive country to travel around? No. With careful budgetting, it is possible to live on less that $10 a day. For more comfortable budget travelling it is probably best to plan about $20 a day.


Is Jakarta expensive?

JAKARTA – Jakarta was named one of the most expensive cities in the world by The Bank Julies Baer’s Global Wealth and Lifestyle Report 2021. The capital city of Indonesia is ranked among the 20 most expensive cities.


Is Indonesia cheap to live?

The cost of living in Indonesia is quite low, so it’s possible to live comfortably on a surprisingly small amount of cash. A recent survey found that a single person can live comfortably on Rp 13,415,843 (about $900) a month. A family of four would need about Rp 29,846,962 (about $2,000) to live comfortably.


How much is cost of living in Indonesia?

According to a survey, the cost of living in Indonesia for a single person averages at Rp 13,415,843 (about $900) a month. While a family of four may need up to Rp 29,846,962 (about $2,000) to live comfortably. These amounts, however, tend to vary all throughout the country.


Can I exchange currency at a bank?

Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them. If you need amounts of $1,000 or more, most banks require you to pick up the currency in person at a branch.


Can I exchange money online?

You may be able to get currency in cash at your local bank branch, or order currency online or by phone to be delivered to your home. Depending on your bank, where you live and which country’s currency you need, some currencies may be available for same-day exchange.


What can you do with old foreign currency?

If you have old or foreign coins try taking them to your local charity shop as many charities accept old and foreign coins to help raise valuable funds. You can also often donate foreign coins on your return flight from holiday.


Does regions do currency exchange?

As a full-service provider of foreign exchange services, Regions offers foreign exchange conversions for international payments and incoming international wire transactions. In addition, we provide customized hedging strategies and multicurrency deposit solutions.


Where can I sell my foreign currency?

If you like to plan ahead and want to exchange currency in the U.S., your bank or credit union will be your best bet. They have access to the best exchange rates and usually charge fewer fees than exchange bureaus. Most big banks sell foreign currency to customers in person at a local branch.

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