Best places to exchange money in Jakarta - Wise (2024)

Currency exchanges in Jakarta

If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Jakarta.

One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.

Indonesian rupiah rate today

The currency used in Jakarta, as well as the rest of Indonesia is Indonesian rupiah.

However, when visiting a currency exchange shop you will notice they use currency codes. The code for Indonesian rupiah is IDR. Keep an eye out for this if you want to compare exchange rates.

What you should know about exchanging money in Jakarta

When exchanging money in Jakarta or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Indonesia long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.

1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.

2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.

3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.

4. Use ATMs strategically
Check if your local bank has partnerships in Indonesia banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.

5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Indonesian rupiah for a fairer rate and fees. The same applies if you get the option on card machines.

Money exchange at the tip of your fingers

Out with carrying only cash when you're abroad. The world has gone digital and so can you.

With a Wise account you can exchange currency at any time, almost everywhere in the world.
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Please see the Terms of Use for your region or visit for the most up-to-date information on pricing and fees.

Bottom line

As you can see, there’s no shortage of options when it comes to exchanging money in Jakarta. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.