maybe you intend to stroll abroad, but wonder, where a most excellent exchange money? Buying-selling price difference is not too high, and you can get the highest exchange rate.
First, if you want to overseas, rather than in foreign exchange, the better exchange rate 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 swap abroad, priority exchange via an ATM. Some banks with an international network allows you to withdraw money from an ATM; even if your money in dollars, the withdrawal will be the currency of the country you withdraw money.Second, the number one choice for the exchange of money is in the 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. Exchange money in the bank is another common choice. However, the exchange rate at the Bank may be lower than the Money Changer. In addition, the Bank usually ask papers such as ID cards and sometimes TIN. Airport should be the last option, because the exchange rate there is usually much lower than in other locations. Reportedly even you can lose up to 20% if the value of your money exchanged at the airport, because it was so high cost of exchange there.
Make sure you do not change money in places 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 a permit from Bank Indonesia and put the logo PVA licensed.
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 the amount in the bank, for example, consider selling and buying rate which is usually displayed on the wall.Exchange Rate and Buy viewed from the perspective of Bank / Money Changer. Exchange Rate refers to the price that counts the bank when you have the amount and want to exchange it for foreign currency. While Exchange Buy refer to the price that counts the bank when you have foreign currency and want to convert it to Rupiah. Every bank, money changer, and other money changers usually have high levels of exchange rates vary, which is why you can sort through and select the most advantageous for you.
Fourth, take into account the time. Exchange rate or currency exchange rate keeps changing from time to time. Rupiah exchange rate today, for example, lower than a year ago Rupiah exchange rate. Difference in a single day, the value of the rupiah could go up / down. This is not the act of a bank / money changer, but it is such money market dynamics. If you can plan the exchange of money ahead of time, then you can weigh the most favorable exchange time. 100 Rupiah only difference between today and tomorrow, for example, will have a major impact if you redeem is umpteen thousand US Dollars.
Fifth, if you are good at math-count, consider utilizing the difference in value of the rupiah against two different currencies. Let's say amount to the Australian dollar exchange rate today was 10,800, while the rupiah exchange rate to the Euro is 16,500, and the Australian dollar to Euro exchange rate was 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 Australian Dollars, then:
16 million Rupiah = 1481.5 AUD
1481.5 AUD = € 1,007.4
There is a significant difference there if you redeem the amount in bulk and cunning see the gap. Depending on the moment, the difference between the value of the rupiah currency-specific currencies such as the ringgit and the baht could be quite large.
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