Currency exchange in Bali

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Bali, Indonesia

Currency exchange in Bali Reviews

Yassinovitch Yassinov…
1 reviews
Exchanging foreign currency in Bali Oct 10, 2017
When traveling to South East Asia many worry about the hygiene and the quality of the food, if the hotels are clean... but very few pay attention to how they can be ripped off big time when exchanging their money especially in Indonesia where bank notes have too many zeros and too may colors and denominations to make easily confusing for any tourist. I think that even though banks and authorized money changers (watch out for the self proclaimed ones) offer lower rates they are a safer bet and they spare you the hassle of counting and recounting your money to find out you have been swindled. There are many ways you can get scammed : they guy counts the money and hands it over to you, you count it and then he asks you to recount it again not because he wants to make sure you have the right amount but because he will probably hypnotize you for a few seconds and make a few bills disappear, some are very crafty at magic tricks. The second way is that the inflated rate on the board does not include a hefty commision that could go up to 15% so you need to make sure if their rate is without commision and if there is one negotiate it before you proceed to handing out your money. Another scam is possible if you try the unofficial back alley guys who will have accomplices that will stand behind you as soon as you go in waiting for you to take out your money. If you see shady local people blocking your exit standing behind you get the hell out before they take your money out. Another scam is when they save a number that is similar to the posted rate (example if the posted rate on the board for one Canadian dollar is 1 CAD = 10,999 rupiah they will save it as 10099) and onstead of multiplying your amount by the posted rate they will multiply it by the stored amount in their calculator and because you are not paying attention and everything happens so fast before your eyes it looks similar so to avoid this trick always have your own calculator and show them you are doing your own math. Most of the time when they see you are a hard nut they will give you your money back and tell to go find another money changer because it is always easier to prey on an easy victim.
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