You can lose near 20% with TC exchanges

Posted by shunnis on Sunday, 30. January 2011 at 10:49 Bali Time:

In Reply to: But not by much posted by sherbert on Sunday, 30. January 2011 at 09:57 Bali Time:

First off buying the TC - shocking rate: they are giving 95USD to 100AUD today. That is already 6% below the standard exchange rate.

Then the cashing in rate is about 10 % less than the cash exchange rate.

I'm sure any experienced Bali traveler will tell you to take AUD $50 & $100 notes. Exchange at the airport on arrival or hotel (till you are comfortable with Bali) and then at street money changers - ones with no commission and normally in aircon offices are best. And they always big notes.

Follow Ups:

My reply was assuming the OP was sherbert Sunday, 30. January 2011 at 18:56 Bali Time (0)
My reply was assuming the OP was sherbert Sunday, 30. January 2011 at 11:16 Bali Time (1)
- And I assumed "gazza" was Aussie shunnis Sunday, 30. January 2011 at 12:59 Bali Time (0)