Exchanging currency abroad may not be as easy as it seems, especially in popular tourist destinations. Indonesia is an emerging tourist market, and there are both honest exchangers and scammers willing to take advantage of inattentive tourists. To avoid becoming a victim of fraud, it is important to follow a few simple but effective rules.
Use only official exchange offices
In Indonesia, there are both official exchange offices and private operators who can offer you a more favorable rate. However, exchanging at private exchange offices is often risky. Official exchange offices often have visible signage and operate in large hotels, shopping centers and airports. They may charge a small fee, but you will get a fair exchange rate.
Check the exchange rate in advance
Currency exchange always has a set rate. If you know the average rate at the time of your trip, it will help you determine if they offer you a fair exchange. Many online services and apps allow you to track up-to-date exchange rates. It’s worth remembering that the exchange rate may be slightly different locally, but if the difference is too great, it’s a reason to be wary.
Pay attention to commission fees
Usually, exchange bureaus offer exchange rates with a commission. Before agreeing to an exchange, make sure you know all the details – how much the commission will be or what the final exchange rate will be for you. Some exchangers in Indonesia use the practice of hidden fees, reducing the amount of money you receive despite a seemingly favorable rate.
Make sure the calculation is correct
Regardless of which exchange office you choose, always check the amount of money you are given. Compare it with the calculations and pay attention to what you are shown when calculating. Fraudsters may intentionally or mistakenly give out a smaller amount or, on the contrary, add extra zeros to the tickets.
Be careful with exchanges on the streets
Some scammers organize currency exchanges right on the streets, especially in tourist areas. They may offer tempting rates, but during the exchange process you may be slipped counterfeit bills or cheated on the quantity. If you want to exchange money on the street, be sure to make sure it’s safe beforehand.
Avoid rates that are too low or too high
If an exchange office offers a rate that is too favorable or too unfavorable compared to the market rates, this should alert you. This could be part of a scam in which they are trying to lure you to the exchange office to later cheat you out of the amount of money or commission.
Beware of “surprises” when exchanging currency
Always check your currency as soon as you receive it. Some exchange bureaux may give you counterfeit bills or coins that will later prove useless. Don’t hesitate to ask the exchange agent to explain how the currency is verified.
Use mobile apps to transfer money
If you need to exchange currency or make transfers, consider using mobile services and apps like PayPal, Revolut, or Wise, which allow you to exchange money at a favorable rate with low fees. This can be a safer option than traditional currency exchange at points of sale.
Conclusion
Exchanging currency in Indonesia, as in any other country, requires care and caution. By following these simple tips, you can avoid unpleasant situations and save your money. Be careful, check all the details and do not rush to exchange in dubious places.
