Our Exchange Rates

Whether you are looking for British pounds, Bali Money, or Fiji Dollars, take advantage of the best online exchange rates by reserving your currency with us.

Key Takeaways

• The exchange rate is the ratio you apply to a currency when trading it for another one. 
• Exchange rates are determined on the global foreign exchange markets by the supply and demand of currencies.
• If the exchange rate is the same as the mid-market rate or above, then it’s considered to be good.
• To enjoy the best exchange rates, we advise you to plan your trip in advance, to avoid peak times, to look at the total cost of your currency exchange, order your currencies online and exchange your currencies before travelling.

What is meant by exchange rate of currency?

Exchange rates refer to the value you get when exchanging a currency with another. It is an important economic variable as it has an important impact on a country’s tourism industry or its trades with other nations. 

Exchange rates are determined by the supply and demand of currencies on the global foreign exchange markets. Inflation, interest rates and geopolitical events influence it. 

Compare the best exchange rates online

It can be quite difficult and time-consuming to compare exchange rates online. We’ve created this page to help you understand what it is and to give you some tips on how to enjoy the best exchange rate online.

What is a good exchange rate?

If you’re not exchanging currency frequently, it can be hard to understand how to define a “good” exchange rate.

A good exchange rate is basically one which allows you to get the most value for your money when exchanging currencies. In other words, with a good exchange rate applied to your transaction, you would get a good amount of Bali Money with your AUD. 
Usually, we compare the exchange rate with the mid-market rate to understand if it’s good or not. The mid-market rate is the midpoint between the buy and sell prices. If the exchange rate is the same as the mid-market rate or above, then it’s considered to be good.

How do I get the best exchange rates online?

There are a few tips that you would need to follow to enjoy the best exchange rates online. 

Plan in advance

You first need to start researching the value of the currency you’re planning to exchange your Australian dollars with. Keep an eye on the exchange rates applied online on various websites to see how they evolve. It is therefore important to plan your trip in advance to make sure to exchange currency at the right timing. 

Avoid peak times

If you want to enjoy the best exchange rate possible, you need to avoid certain times of the day or the week which are busier than others in term of currency transfers. Usually, Friday is considered as one of the busiest days, which will imply a high exchange rate. Conversely, Mondays, Wednesdays and week-end days are the ones when currency exchanges are least common, so the exchange rate is lower.

Look at the total cost

Also, don’t forget to look at the total cost, not only the exchange rate. Some currency exchange company takes high commissions, or add credit card fees to your order. Therefore, even though the exchange rates appear to be low, you end up paying more because of those hidden costs. 

By ordering your currencies on our website, you’ll enjoy 0% commission and the best exchange rate online. No hidden cost on your foreign currency order

Order your currencies online

Ordering your Bali currency online will ensure you to enjoy the best exchange rate online. With ChangeGroup, you will also pay 0% commission when buying IDR and make sure to block the exchange rate at the time of your transaction.

Exchange your money before travelling

It is mandatory to get your Bali money before travelling if you want to enjoy the best exchange rates. It would be more expensive to exchange money which isn’t used and the Bureau de Change in Bali would apply a much higher exchange rate if you want to get Indonesian Rupiahs.