Where to exchange currency in Bali — official money changers vs local unofficial exchange spots?

Based on 1 discussion with 5 participants · Last activity: 21 days ago

TL;DR

It's safer to exchange money at official licensed money changers with a sign that says 'Exchange', where bills are counted by machine and you get a receipt — rates are almost the same as unofficial spots, but risk of scam is minimal. At unlicensed local changers, exchanging more than $100 often results in missing bills.

What the community said

Exchanging money at unofficial local money changers is risky: if the amount exceeds $100, you often end up short a few bills when recounting.

~$100 limit at unofficial changers

There are rumors that walking a few blocks away from touristy streets to local exchange spots gets a better rate — but there's a risk of scammers, so many travelers avoid this.

The easiest way to find exchange offices is via Google Maps: search 'Money Exchange' and pick the nearest options to you.

search 'Money Exchange' on Google Maps

Exchange rates don't differ much between money changers: some are slightly cheaper, some the same — just compare a few nearby spots. If a rate is offered far below market value, treat it as a red flag and walk away.

It's better to choose trusted, licensed money changers that operate like banks: with bill counters, banknote verification, and receipts. Rates are nearly the same as at unofficial spots, but the risk of losing money is much lower.

licensed changers with counter & receipt