Bottom Line: Bali’s USD exchange rates do differ by bill size—$100/$50 large bills get the best rates, while $20/$10/$5 small bills have worse rates (a difference of about 20 IDR), and $1 bills have the worst rates (up to 275 IDR less than large bills). Before you travel, it’s best to bring large-denomination US dollar cash to secure the best rates.
When traveling in Bali, many people encounter currency exchange issues. A frequent question in online communities is whether there’s a rate difference between large and small US dollar bills.
This article starts with an overview of exchange rates, breaks down the USD exchange rate situation in Bali, and provides the best currency exchange tips.
In Bali, there are countless places to exchange money, from the airport and hotels to street-side money changers. However, rates can vary. So, before exchanging, it’s best to understand the local exchange rate situation.
Common US Dollar Denominations
In Bali, common US dollar denominations include $100, $50, $20, $10, and $5. Different denominations may have different exchange rates.
Exchange Rate Differences Between Large and Small Bills
Generally, when exchanging US dollars in Bali, money changers categorize bills into three types: large bills ($100, $50) get the best rates; small bills ($20, $10, $5) get worse rates; and $1 bills get the worst rates.
Here is the exchange rate table for Bali on May 1, 2024. When exchanging money, we need to look at the ‘buying’ rate. Let’s take a look:
As shown in the table, the exchange rate for USD$100 and USD$50 notes is the same (15,875), while USD$20, $10, and $5 notes have a 20 IDR difference (15,855). For USD$1 small notes, the rate difference is 275 IDR (15,600) compared to the large USD$100/$50 notes, making it the worst rate.
Currency Exchange Tips
Does It Really Make a Big Difference?
When exchanging money, we usually think that carrying USD$100 and $50 notes will get us the most Indonesian Rupiah. However, looking at it from another angle, suppose you bring USD$1,000 in $20, $10, and $5 notes to exchange. Compared to $100 and $50 notes, you lose 20 IDR per dollar (about USD$0.01), so for USD$1,000, you’d lose about USD$13…
Now imagine you bring 1,000 one-dollar bills to Bali. Compared to large notes, you lose 275 IDR per dollar (about USD$0.18), so for USD$1,000, you’d lose about USD$177… That’s not exactly a deal-breaker, right?
What Should You Do?
These small exchange losses shouldn’t affect your vacation mood!
Bali is a refreshing holiday destination, and it’s not worth letting currency exchange issues dampen your spirits. Open your heart, explore Bali freely, and enjoy its unique culture and beautiful natural landscapes!
Further reading: Currency Exchange Guide & Recommended Shops
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