Bali Currency 🇮🇩 How to get best rate of IDR | US Dollars Vs IDR ? Forex Card vs Cash

[@rajivjain5850]

Very well explained. Thanks gaurav. Feeling enriched.

[@logontogaurav]

Thank you so much 😊

[@SatyamSrivastava-d9v]

This video is incredibly helpful and truly made with the viewer's perspective in mind. You've covered all the essential questions that might come up when exploring these topics. I really appreciate that you've included resources also to check current rates, compare options, and make the best choice. I've always thought about starting my own KZbin channel to create content like this-clear, concise explanations on chosen topics. But with creators like you out there, I feel like I don’t need to! You’re doing exactly what I had in mind. I have a quick question: if I already have a forex card that holds USD, is it possible to load it from other sources, like MMT? If it is from Thomas Cook then only they can load it? If we load USD onto the card, how is it converted to IDR? Can exchangers directly exchange USD from the card to IDR cash? If not, what's the advantage of holding a forex card? Since I'd be paying an exchange fee from USD to IDR for each ATM withdrawal or swipe, I’m wondering if the main benefit of a forex card is just to avoid mark-up fees and GST. Given that my total expenses will be around 2000 USD, do you recommend loading a specific amount onto the forex card versus carrying USD cash?

[@logontogaurav]

Thank you so much for your appreciation!!! If you are thinking to start your YT channel, don’t hesitate because everyone brings something new and some new perspective which is always helpful. If you already have a forex card then I think you can only top it up from the issuing bank of that card. And there is no problem in that. You would get same amount in your card. Conversion between currency depends on the exchange rates set by the respective banks. Mostly bank follows the exchange rates of VISA which is great. Yes, the conversion can happen from USD to IDR. The benefit of forex card, like Niyo, is the exchanges rate of VISA which is very good. It is the best you can get. Only few forex card don’t charge mark-up and GST, mostly do. Cards also means convenience and safety. For spending 2000 USD, I would suggest to carry 1000 USD in cash and 1000 in card. Hope it helps!

[@MrRajadurai007]

Man you made my day. Literally your video answers to almost all my financial doubts with regards to my upcoming trip to Bali :) Just need a clarity, Do they ask for International Driving Permit while renting scooters / two wheelers in Bali ? It would be really helpful, if you clarify this. TIA !!!

[@logontogaurav]

Thank you so much 😊. No, they don't ask for IDP while renting. But I would recommend getting it as the fines could be hefty (just heard it). We were not stopped/ checked ever in Bali though.

[@PrateekGole]

Thanks Gaurav, this was helpful and highly informative! Related: Did you get an International Drivers Permit for riding scooty in Bali?

[@logontogaurav]

Thank you so much! Yes we got IDP.

[@PrateekGole]

Thanks! You should make a video on hotel bookings too. Agoda charges 5% for currency conversion, even though I'm using a forex card. How to save that? By changing currency on Agoda?

[@logontogaurav]

@PrateekGole Is it so? I haven't checked it. I just checked a few property rates in INR and IDR (Bali). There was not much difference. But it maybe. Booking.com shows in local currency of the property, there Forex cards are useful.

[@YenP-r5u]

does the same logic apply for THB? I am referring to the part where you mentioned that it's better to convert from INR To USD instead of IDR. Do you know if the same logic applies to INR to THB?

[@logontogaurav]

Yes that would apply to any “not so” popular currency. But THB is slightly more common than IDR. Unlike IDR, major banks also have THB available. But INR-USD-THB would be best logically. Please check the exact rates while purchasing!

[@aakashsherwal5685]

Thank you, very helpful!

[@vinodbabu4534]

Very useful neat and indepth information. Keep the same moving forward. Thank you

[@logontogaurav]

Thank you

[@Abhi_4231]

@logontogaurav - do we need travel adapter? Or our chargers would work? If not then instead of travel adapter, how about if we carry extension boards?

[@logontogaurav]

Yes, you would need an adapter. Our two pin plugs won’t fit into their 2 pin sockets. I am coming up with a video on such details about Bali. Stay tuned and please subscribe !

[@Abhi_4231]

By when can I expect that video? I am traveling to Bali this weekend, need to take a decision on 2 pin adapter before that 😅.

[@logontogaurav]

@@Abhi_4231 Ohh, the video is going to take more than that. Here is the link to buy that adapter that I bought. But it didn't get fitted into the socket. I would suggest carrying it, but ultimately buy an adapter from Bali locally. OREI India to European Adapter,... www.amazon.in/dp/B00DTRHB2G?ref=ppx_pop_mob_ap_share Hope it helps!

[@Abhi_4231]

​@@logontogaurav, thanks buddy. This helps a lot 😊. By the way great job with the videos. Keep up the good work 👍

[@logontogaurav]

@@Abhi_4231 Thank you so much for the appreciation and support!!!

[@vikasgatty8477]

How to get currency exchange through Makemy trip

[@logontogaurav]

There is an option of "Forex Card and Currency". Click on that and proceed.

[@Learninghead-k5b]

Useful info, Thank you so much 😊

[@logontogaurav]

Thank you so much for the appreciation 😊

[@pulkeshsood5198]

Nice information, please share can we use UPI also in other countries. You planned your trip very well, hope you enjoyed your trip very much, waiting for your trip videos.

[@logontogaurav]

Thank you so much for the appreciation 😊. There were scanner based payment methods but they were not UPI. I haven't tried that method so cannot say much about it. But as per news, UPI could be available in Indonesia soon.

[@vedangidhyani7379]

Hey! Very informative video! A quick question, in my Forex card if i load it with USD can i withdraw it in bali in bali’s local currency? Thanks

[@logontogaurav]

Thank you so much!!! Yes, you should be able to do that. I used the Niyo Global card and topped it with INR. I can use the card for payment in any currency.

[@zomssingh8744]

Aapne bali mei kon se exchange se money exchange krwaya tha?

[@logontogaurav]

Don't remember exactly. There are many exchangers, you can see mine in the video.

[@sudiptakishoresur7655]

Can u pls tell me what is the price of drinking water?? And will there 5 lit water bottle available?? If yes price?? Regards

[@logontogaurav]

There are different kinds of water available from 7k IDR to 10k IDR for 1.5L. 5L bottles are also available. Not sure about rates but they could be of 20k IDR. 1 INR ~ 180 IDR.

[@saikrishnavemula4587]

Which is a good or trusted mineral water brand in bali can you please let us know

[@logontogaurav]

I didn't explore this thing. But we purchased almost randomly and we didn't feel any problem.

[@saikrishnavemula4587]

@@logontogaurav Thanks Gaurav

[@varunsharma5966]

Off the topic...did you require international driving permit in bali with Indian Driving Licence? While driving your 2 wheeler

[@logontogaurav]

We weren't checked, but it is better to get one. You can watch my "Document Required" video for more details.

[@kk2581]

How much money allowed to carry? in dollers

[@logontogaurav]

You can carry 1 billion IDR in Indonesia. That is approx 6.15L INR.

[@Psychlopsgaming]

how much dollars should i carry from india?

[@logontogaurav]

I have shared the break-up of expenses. Based on your trip duration you can calculate it from there.

[@zomssingh8744]

Bali mei exchange rate k alawa koi alg se b charge pdta hai kya like service charge waghre?

[@logontogaurav]

No extra charge.

[@non-dualist]

Can I swipe my forex card (USD) to get IDR at money exchanges?

[@logontogaurav]

I haven't done it but I am more than 50% sure that it can be done. But in that case, your forex card may charge some additional fees depending upon your card. Also, you should keep in mind that the rates displayed at exchange may be of only cash exchange. I am not fully sure about these things.

[@non-dualist]

@@logontogaurav Cool. Thanks for taking time and responding. Have a good day 😇

[@logontogaurav]

@@non-dualist My pleasure!

[@ifthiharahmed6203]

Weren't scooters cheap in bali ? Like 400-450₹ only right ? Per day

[@logontogaurav]

Yes I heard that too but wasn't able to find one. The cheapest I found was of 80K IDR per day.

[@King-ai24]

dcb debit or sbm credit which should you recommend

[@logontogaurav]

There are few advantages of credit card like points and all, but I already had too many credit cards which is why I went for a debit card. Also, credit cards require you to create FD with the bank and your limits depend on its value and didn't want to get into the hassle of that. But both are good.

[@King-ai24]

@@logontogaurav can you suggest some best credit card 💳 as your personal point of view

[@logontogaurav]

@@King-ai24 There are many, Scapeia is good for travellers. Otherwise have certain benefits like Amazon ICICI (for Amazon specific offers), SBI (again for any sales in online platforms). Niyo Credit card is also good. Basically depends on your expenditure and objective.

[@King-ai24]

@@logontogaurav Thank you so much. Really helpful Bali series.

[@logontogaurav]

@@King-ai24 Thank you so much for the appreciation 😊

[@priyarajput2325]

You took IDP with you or normal indian driving licence

[@logontogaurav]

IDP and DL both. DL has to be accompanied with IDP always.

[@sonupandey3943]

Bhaiya agar 2 log 7 days ke liye jaye economy class se to 1.30 lakh enough hain?

[@logontogaurav]

Yes definitely possible. Just try to save on flights and hotels.

[@raidernickless5025]

brilliant

[@logontogaurav]

Thanks!

[@Johnwick69696]

3000 for food,,,lunch and dinner dono mila k

[@logontogaurav]

Yes

[@Johnwick69696]

@logontogaurav thanks to me 30k inr cash le ja skta hu kyu ki mera sb chz alreasy booked hai mujhe bas lunch and dinner hi bhar krna hai

[@logontogaurav]

@Johnwick69696 Cash aur bhi cheezon me lag sakta hai

[@abhinavgupta2388]

Withdrawing money with a Niyo card at an ATM in Bali? what's your suggestion on it? will it be cheaper or expensive compare to your USD part.

[@logontogaurav]

There is a withdrawal fee on the Niyo Card but that comes back as cashback or something if you have some monthly balance above the threshold or something. Also there is limit on number of transactions and amount per transaction. You can check it on Niyo website. Summary is, the withdrawal fee can be waived off. But the maximum amount you can withdraw from an ATM in Bali is equivalent of 18k Rs but the limit per withdrawal is less than this. This is about financial limitations. About Bali: There are plenty of ATMs in Kuta, Changgu etc part of Bali, but in central Bali, like Ubud, the ATMs are scarce. Also not all ATMs are trustworthy. Also the the amount you need to spend may surpass the financial limits. So I would suggest to rely less in ATM withdrawals. But no doubt, it will be cheaper.

[@abhinavgupta2388]

​@@logontogaurav I checked with niyo cards so the maximum amount withdrawl limit is 1lakh per day, 3L a week and 5 Lakh a year. All 3 cards ( Niyo DCB debit, SBM debit and credit cards) have similar withdrawal limit. so I guess its better to carry cards and withdrawal at airport and other atms. Though the fees is very nominal.

[@logontogaurav]

@@abhinavgupta2388 Ok. But practically, I believe, that there won't be such huge availability of cash at ATMs. Paying Rs. 400 on say a withdrawal of Rs.10000 would be the degradation of 4%, which is the same as getting USD and then converting it to IDR. But give it a shot and let us know.

[@venkateshkakalwar9022]

So basically INR -> Dollar India me karke Bali me Dollar -> IDR karne se humko fayda hai.! Correct??

[@logontogaurav]

Yes. And use a Card (with zero mark-up fee) as much as possible. Card me sabse zyada faida hai.

[@sanjuktabhattacharya5152]

​@@logontogaurav Shall we load USD in the forex card? Also while paying in resturant/else where can we use the card to pay in USD?

[@logontogaurav]

@@sanjuktabhattacharya5152 For cards, loading in USD, IDR etc doesn't matter as the currency conversion rate is at par with market rates. For eg. if you load your Niyo card in INR, you will get an equivalent amount of USD, EURO etc. Taking USD in India and getting it converted to IDR in Indonesia is applicable for cash as the exchange rate for cash is poor. If a restaurant accepts in USD, then you can pay in USD.

[@Iamsahaj]

Any documents required to convert dollars to IDR in bali?

[@logontogaurav]

@@Iamsahaj No

[@yashtrambadia3065]

For ATM withdrawal, Which ATM is best in Bali?...With less charges and Which type of Card should we use for withdraw??

[@logontogaurav]

Honestly, I haven't done any ATM transactions in Bali so I won't be able to tell you. You can explore other videos on KZbin for that. You can refer to the Schedule of Charges for various cards to know about the transaction charges.

[@King-ai24]

Open niyo global account want referral code?

[@logontogaurav]

Referral code is not mandatory.

[@King-ai24]

@@logontogaurav 👍