While the Indonesian Rupiah (IDR) is the primary currency used in Bali, exchanging yuan (CNY) is possible. Here's what you need to know:
Availability: Several authorized money exchange offices and some banks on Bali will exchange yuan for Indonesian Rupiah. Look for places displaying the "Authorized Money Changer" sign or visit reputable banks like BCA.
Rates: Exchange rates can vary slightly between different providers, so it's recommended to compare rates before exchanging your yuan. Rates may also fluctuate depending on the day of the week and time of day.
Denominations: Larger denominations of yuan, like 100 CNY notes, generally receive a better exchange rate compared to smaller denominations.
Identification: Be prepared to present your passport or a copy of it when exchanging currency.
Alternatives: If exchanging yuan proves difficult, you can consider alternative options like using a debit/credit card with the UnionPay logo at ATMs or authorized merchants that accept it.
Tips:
Authorized Money Changers: Opt for established exchange offices with proper signage, security measures, and a transparent exchange process.
Compare Rates: Check the exchange rates offered by different providers before committing to a transaction.
Calculate Amounts: Double-check the exchanged amount before leaving the counter to ensure accuracy.
Beware of Scams: Exercise caution, especially at smaller exchange booths or with individuals offering unusually high rates, as scams can occur.
Consider Alternatives: Explore alternative options like using a UnionPay card or exchanging other major currencies like USD or EUR if exchanging yuan proves challenging.
By following these tips and being aware of the available options, you can successfully exchange your yuan for Indonesian Rupiah during your time in Bali.