Discover the Biggest Currency Exchange Service in Jakarta

Indonesia has a significant foreign exchange market, facilitated by several prominent currency exchange services. These services play a crucial role in facilitating international trade, tourism, and other financial transactions. Here are the five largest currency exchange services in Indonesia:

PT Bank Central Asia Tbk (BCA):
- BCA is the largest private bank in Indonesia and offers a wide range of financial services, including currency exchange.
- It has an extensive network of branches and ATMs across the country, making it easily accessible to customers.
- BCA provides competitive exchange rates and charges minimal fees for its currency exchange services.
PT Bank Mandiri (Persero) Tbk:
- Bank Mandiri is a state-owned bank and one of the largest banks in Indonesia.
- It has a strong presence in both urban and rural areas, with a vast network of branches and ATMs.
- Bank Mandiri offers a variety of currency exchange services, including online and mobile banking options.
PT Bank Rakyat Indonesia (Persero) Tbk (BRI):
- BRI is another state-owned bank with a significant market share in Indonesia.
- It has a wide network of branches and ATMs, particularly in rural and remote areas, making it easily accessible to a large customer base.
- BRI offers competitive exchange rates and provides various currency exchange services, including over-the-counter transactions and online banking.
PT Bank Negara Indonesia (Persero) Tbk (BNI):
- BNI is a state-owned bank with a strong presence in both domestic and international markets.
- It has a network of branches and ATMs across Indonesia, as well as overseas branches in several countries.
- BNI provides a range of currency exchange services, including retail and corporate services, at competitive rates.
PT Bank Tabungan Negara (Persero) Tbk (BTN):
- BTN is a state-owned bank specializing in housing finance.
- It has a network of branches and ATMs across Indonesia, catering to the needs of individuals and businesses.
- BTN offers currency exchange services at competitive rates, primarily catering to customers involved in real estate transactions and overseas investments.

Money Changer Berkah Widjojo - Pondok Indah Mall 2 Utara (Basement 1 Utara) - Jakarta in Jakarta — Money Changer Berkah Widjojo – Pondok Indah Mall 2 Utara (Basement 1 Utara) – Jakarta in Jakarta

The 7 Biggest Currency Exchange Service near Jakarta

Dolarindo Money Changer Samanhudi

Address: Jl. Samanhudi No.35, Ps. Baru, Kecamatan Sawah Besar, Jakarta, Daerah Khusus Ibukota Jakarta 10710, Indonesia
Map: Click here
Rating: 4.5 (171)
Phone: +62 21 3457291
Website:
Opening hours:

Monday: 7:00 AM – 3:00 AM

Tuesday: 7:00 AM – 3:00 AM

Wednesday: 7:00 AM – 3:00 AM

Thursday: 7:00 AM – 3:00 AM

Friday: 7:00 AM – 3:00 AM

Saturday: 7:00 AM – 3:00 AM

Sunday: 7:00 AM – 3:00 AM
Reviews:

Ray Lai✭✭✭✭✭

2 months ago

The management at this location is very honest and contacted me as soon as they saw the review below. They investigated the situation and they fixed the problem for me very promptly. I’m very impressed with their response and professionalism and I will gladly change all of my US dollars with them in the future. Now I have a positive experience with this Sawah Besar location and the Mannga Besar location as well. They both have the best rates out of all of money changers and as long as you go quickly when the website updates with perfect bills, then they will honor the rate. I’m always very happy when management cares about their customers and fixes problems. They are the best money changer in Indonesia and I only use them.

______

Beware this location. The man lies. 15850 rate on DolarIndo site only gave 15600 first time. Perfect condition $100 USD notes.

Second time 15675 also 15600 but I argued and he gave 15610 and lied about the condition of my notes. I went to the bank for perfect notes and transported with care.

Other locations are honest. This man is a liar with a bad attitude.

Yanu Utami Subiyanto✭✭✭✭

4 years ago

The rate that they offer isn’t bad, with friendly services. Many currencies are available. Located right on right side of Classic hotel. Parking space just so small. They open 24/7. Police officer are oftenly stand by there.

fu hwa Lim✭✭✭✭✭

5 months ago

The rate is very good, staff is so polite, I highly recommend this money changer, I will sure come back again next time when I visit Jakarta.

Leizl Ann✭✭✭✭✭

4 months ago

They provided excellent service with good rates

Khanh Trinh✭✭✭

10 months ago

My first time going to a Money changer place and see no board of rate. The staff could give me any rate they want! After giving my money and fill in the information, normally I’d get my money in 5 minutes. Here I have to wait a bit longer *smh*

Emerald Money Changer – 24 Jam Jakarta

Address: Jl. H. Agus Salim No.55 B, Kb. Sirih, Kec. Menteng, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10340, Indonesia
Map: Click here
Rating: 4.4 (90)
Phone: +62 819-3252-2475
Website:
Opening hours:

Monday: Open 24 hours

Tuesday: Open 24 hours

Wednesday: Open 24 hours

Thursday: Open 24 hours

Friday: Open 24 hours

Saturday: Open 24 hours

Sunday: Open 24 hours
Reviews:

Fussy about food✭

3 months ago

I was reading the reviews for this money changer. 62 of them were done 6 days ago. 42 were done 1 week ago. 3 were done 3 weeks ago, 1 were made 1 month ago,

in total, 144 reviews were made 440 were done in 4 years 104 were done in the last week with 103 giving 5 starts and 1 giving 4 stars. I wonder why so many gives reviews in the last 1 week.

Esteban Lanza Ortega✭

2 months ago

Guys, personal recommendation, count well the money they give you or you might find later some money is missing…

Stephen Grey✭✭✭✭✭

3 months ago

Fast, effective, fair rate

Soham Ghosh✭

a year ago

Their exchange rates are too high. Higher than at the airport. Just taking advantage of foreigners.

Titta Uswatun Hasanah✭✭✭✭✭

4 months ago

Recomended place to exchange money?

TEMPAT PENUKARAN DOLLAR LAMA DAN UANG KUNO INDONESIA MAUPUN LUAR NEGERI MONEY CHANGER

Address: Mangga dua square Lt dasar blok A, Jl. Gn. Sahari No.99, Daerah Khusus Ibukota Jakarta 10730, Indonesia
Map: Click here
Rating: 4.4 (90)

Dolarindo Money Changer Melawai

Address: No.165, Jl. Melawai Raya No.Raya, RT.3/RW.1, Melawai, Jakarta, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12160, Indonesia
Map: Click here
Rating: 4.2 (75)

Dolarindo Money Changer Tebet

Address: Jl. Tebet Raya No.27 D, Tebet Tim., Kec. Tebet, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12820, Indonesia
Map: Click here
Rating: 4.9 (57)

PT. Anugrah Mega Perkasa Valas

Address: Jl. H. Agus Salim No.60, RT.8/RW.4, Gondangdia, Kec. Menteng, Kota Jakarta Pusat, DKI Jakarta, Daerah Khusus Ibukota Jakarta 10350, Indonesia
Map: Click here
Rating: 5 (22)

Money Changer | CHANDRAPRIMA | Tanah Abang (Penukaran Uang Asing)

Address: Gedung Afindo, Jl. K.H. Wahid Hasyim No.185A, RT.14/RW.6, Kb. Kacang, Kecamatan Tanah Abang, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10240, Indonesia
Map: Click here
Rating: 4.9 (167)

Explore prominent consulting firms in neighboring countries, such as those referenced in Suai, Baucau and Dili, to gain insights into the dynamic business landscape of ASEAN. These firms contribute to the region’s enterprise vibrancy, positioning Jakarta, Indonesia as a hub for strategic insights and innovative solutions.

Top Currency Exchange Service Alternatives in Jakarta

The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: 1 USD is worth X CAD, or CHF, or JPY, etc.
The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the "interbank market" (although a few insurance companies and other kinds of financial firms are involved). Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, Forex has little (if any) supervisory entity regulating its actions.
The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies and the carry trade speculation, based on the differential interest rate between two currencies.In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.
The modern foreign exchange market began forming during the 1970s. This followed three decades of government restrictions on foreign exchange transactions under the Bretton Woods system of monetary management, which set out the rules for commercial and financial relations among the world's major industrial states after World War II. Countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed per the Bretton Woods system.
The foreign exchange market is unique because of the following characteristics:

its huge trading volume, representing the largest asset class in the world leading to high liquidity;
its geographical dispersion;
its continuous operation: 24 hours a day except for weekends, i.e., trading from 22:00 UTC on Sunday (Sydney) until 22:00 UTC Friday (New York);
the variety of factors that affect exchange rates;
the low margins of relative profit compared with other markets of fixed income; and
the use of leverage to enhance profit and loss margins and with respect to account size.As such, it has been referred to as the market closest to the ideal of perfect competition, notwithstanding currency intervention by central banks.
According to the Bank for International Settlements, the preliminary global results from the 2022 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged US$7.5 trillion per day in April 2022. This is up from US$6.6 trillion in April 2019. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2022, at US$3.8 trillion per day, followed by spot trading at US$2.1 trillion.The $7.5 trillion break-down is as follows:

$2.1 trillion in spot transactions
$1.2 trillion in outright forwards
$3.8 trillion in foreign exchange swaps
$124 billion currency swaps
$304 billion in options and other products

The Biggest Currency Exchange Service in Indonesia

When it comes to currency exchange services in Jakarta, there are several alternatives that are quite popular among locals and tourists. Here are the top 3 currency exchange service alternatives:

PT Central Kuta Money Exchange: With multiple branches across Jakarta, PT Central Kuta Money Exchange is a well-known and trusted currency exchange service. They offer competitive exchange rates and provide a wide range of currencies to choose from. They also have a reputation for excellent customer service. PT Central Kuta Money Exchange is a reliable option for both locals and tourists looking to exchange their currency.
Bank Mandiri: As one of the largest banks in Indonesia, Bank Mandiri is a popular choice for currency exchange services in Jakarta. They have extensive branch networks across the city, making it convenient for customers to access their services. Bank Mandiri offers competitive exchange rates and ensures secure transactions. However, it is important to note that some branches may require an account with the bank to access their currency exchange services.
PT. Best Rate Indonesia: PT. Best Rate Indonesia is a reputable currency exchange service provider in Jakarta. They offer competitive rates and a wide variety of currencies to choose from. With their online platform, customers can easily check real-time exchange rates and make transactions conveniently. PT. Best Rate Indonesia is known for their efficient and reliable service, making them a popular choice among locals and tourists alike.

These currency exchange service alternatives in Jakarta are well-regarded for their competitive rates, reliable service, and accessibility. Whether you prefer a dedicated exchange service or a bank, these options offer convenience and peace of mind when it comes to exchanging your currency.

Thank you for taking the time to read our article. For more in-depth reviews and comprehensive ratings on the Currency Exchange Service spots, please explore the recommended articles listed below.

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