In Bali, you can change almost every currency under the sun, from Australian Dollars to Russian Ruble. The local currency, Rupiah, is measured in thousands, which sometimes makes the conversion process confusing for tourists. Low-end money changers make their living on ill-informed tourists, so to avoid any “shortage” of banknotes after a money exchange operation, always choose a reputable authorised currency exchange. So, where smart tourists get money exchanged in Seminyak?
Central Kuta Money Exchange
Central Kuta Money Exchange also has hundreds of offices all over Bali. The one inside the shopping mall of Seminyak Square, in Kayu Aya Street, for example, can be sometimes crowded but the staff is always friendly and helpful.
Changing Money in Your Hotel or Bank in Seminyak
Even though the rate in the hotel or bank is always lower, these are safe places to change money. In any case, losing a few dollars in the exchange rate is better than to be shortened of AUD20 through a sleight of hand from a less-reputable operator.
Where You Should Avoid Changing Money in Seminyak?
The many unauthorised moneychanger kiosks are prospering due to the credulity or lack of knowledge among tourists who are changing funds on the island. Avoid changing money in out-of-the-way places, such as at the end of a shop or in a backstreet. If the rate seems too good, probably it is, and is instead just for attracting in first-timer tourists.
Moreover, ungoverned money exchanges will often know hundreds of tricks in the best traditions of magicians, so you may not even notice when a few banknotes will disappear under the counter. So, a good rule to follow is to always be the last person to hold and calculate the money. The best money exchanges in Seminyak are BMC and Central Kuta, the authorised agencies. A good realistic rate, secure transactions and sometimes even lovely staff who pass across a sweet bonus in the form of candy are the undeniable pros to choose from these reputable offices. Now go out and enjoy your holiday!