Swapping Tips Dollar To Foreign Currency Or Rather

You probably just got a shipment of family abroad, or maybe you intend to walk out of the country, but was wondering, where are the best to exchange dollars? Buying-selling price difference is not too high, and you can get the highest exchange rate.

Authorized Money Changer in the Interior
First, if you want to overseas, rather than overseas exchange, better exchange rates in Indonesia alone. We are more familiar with the conditions and habits of language here, so it will be more comfortable in exchanging money. If forced to exchange abroad, priority exchange via ATM. Some banks with an international network allows you to withdraw money from an ATM; even your money in dollars, the withdrawal will be the currency of the country you withdraw the money.

Second, the number one choice of places to exchange money is at Authorized Money Changer, Money Changer or licensed. Compared to other places, usually Money Changer offers the highest exchange rate. Another option is the money changers in the bank or at the airport. Change money at the bank is another common option. However, the exchange rate could be lower than the Bank Money Changer. In addition, the Bank usually requested documents such as ID cards and sometimes TIN. These should be the last option, because the exchange rate is usually much lower there than in other locations. In fact, reportedly you can lose up to 20% of your money if the exchange rate at the airport, because it was so expensive exchange fees there.

Make sure you do not change money on the spot or certain individuals who do not have official permission, because in addition to risky fraud, you are also prone to get fake money later. Money Changer official in Indonesia has obtained permission from Bank Indonesia and put the logo PVA licensed.
Money Changer logo BerizinRiset That Important
Third, to get the most good price, you should do some research by comparing the exchange rate at one place to another place. Before you swap Dollar Bank, for example, note the buying rate and the selling rate is typically displayed on the walls.

Buy and Sell exchange rate from the perspective of the Bank / Money Changer. Selling exchange rate refers to the price that counts when you have a Dollar bank and want to exchange it for foreign currency. While Exchange Purchase price is taken into account refers to the bank when you have a foreign currency exchange and want to Rupiah. Every bank, money changer, money changers and others typically have different exchange rates, which is why you can sort through and select the most advantageous for you.

Fourth, take into account time. Exchange rates or currency exchange rates keep changing from time to time. Currencies today, for example, is lower than the Rupiah exchange rate a year ago. Difference in a single day, the value of the rupiah may go up / down. This is not something the bank / money changer, but it is such a money market dynamics. If you could plan the exchange of money ahead of time, then you can consider the most favorable exchange time. 100 Rupiah only difference between today and tomorrow, for example, will have a major impact if you redeem are umpteen thousand dollar.

Fifth, if you are good with numbers-count, consider utilizing the difference of the Rupiah against two different currencies. Let's say the exchange rate of Rupiah to Australian Dollar today is 10,800, while the Dollar to Euro exchange rate was 16,500, and the Australian dollar to Euro exchange rate is 0.68. If you swap the 16 million Rupiah directly to the Euro, then you will only get 969.7 euros. But if you swap the first to the Australian dollar, then:
16 million rupiah = 1481.5 AUD
1481.5 AUD = € 1,007.4
There is a significant difference there if you trade in bulk amount and astute look at the gap. Depending on the moment in the sun, the difference in value of the rupiah-denominated currencies such as Euro and Baht can be quite large.