Discover the Biggest Currency Exchange Service in Yogyakarta

Indonesia has a vibrant and diverse financial landscape, with several prominent currency exchange services catering to the needs of individuals and businesses. Here are the 5 largest currency exchange services in Indonesia, offering reliable and efficient exchange services across the country:

1. PT Bank Central Asia Tbk (BCA)

BCA is one of the largest private banks in Indonesia and provides comprehensive currency exchange services.
It has an extensive network of branches and ATMs across the country, making it easily accessible.
BCA offers competitive exchange rates and provides secure and convenient online banking services for currency exchange.

2. PT Bank Rakyat Indonesia (Persero) Tbk (BRI)

BRI is a state-owned bank with a significant presence in Indonesia’s financial sector.
It offers currency exchange services at its numerous branches and through its vast network of ATMs.
BRI provides competitive exchange rates and a variety of currency exchange options to meet the needs of its customers.

3. PT Bank Negara Indonesia (Persero) Tbk (BNI)

BNI is another state-owned bank that plays a key role in Indonesia’s financial system.
It offers currency exchange services at its branches and through its network of ATMs.
BNI provides competitive exchange rates and convenient online banking services for currency exchange transactions.

4. PT Bank Mandiri (Persero) Tbk

Bank Mandiri is the largest bank in Indonesia and offers a wide range of financial services, including currency exchange.
It has a broad network of branches and ATMs, allowing for easy access to currency exchange services.
Bank Mandiri offers competitive exchange rates and secure online banking options for currency exchange.

5. PT Bank Danamon Indonesia Tbk

Bank Danamon is a private bank with a long history in Indonesia’s financial market.
It provides currency exchange services at its branches and through its network of ATMs.
Bank Danamon offers competitive exchange rates and convenient online banking services for currency exchange.

Mulia Money Changer Malioboro in Yogyakarta

The 7 Biggest Currency Exchange Service near Yogyakarta

PT Risana Monet Changer

Address: Jl. DI Panjaitan No.43, Mantrijeron, Kec. Mantrijeron, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55143, Indonesia
Map: Click here
Rating: 4.9 (89)
Phone: +62 274 375527
Opening hours:

Monday: 7:30 AM – 4:00 PM

Tuesday: 7:30 AM – 4:00 PM

Wednesday: 7:30 AM – 4:00 PM

Thursday: 7:30 AM – 4:00 PM

Friday: 7:30 AM – 4:00 PM

Saturday: 7:30 AM – 2:00 PM

Sunday: Closed
Reviews:

Maydinna Narranayra✭✭✭✭✭

3 months ago

The best money changer….in Jogja very recommended

Nur Azizah✭✭✭✭✭

2 months ago

Senang bertransaks, the best service ?

karldaiva guilbert✭✭✭✭✭

8 months ago

good service , quality exchange ??

Фур Ман✭✭✭✭✭

4 years ago

Very good price! I recommend!

Bibi✭✭✭✭✭

2 months ago

The place is comfortable with air conditioning, the service is also friendly… explains well… the location is easy to find on the side of a big road. And the most important thing is that you can exchange money via transfer. Thank you yeah…

Pt. Risansa

Address: Jl. DI Panjaitan, Mantrijeron, Kec. Mantrijeron, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55143, Indonesia
Map: Click here
Rating: 5 (129)
Phone: +62 274 415671
Opening hours:

Monday: 7:30 AM – 4:00 PM

Tuesday: 7:30 AM – 4:00 PM

Wednesday: 7:30 AM – 4:00 PM

Thursday: 7:30 AM – 4:00 PM

Friday: 7:30 AM – 4:00 PM

Saturday: 7:30 AM – 2:00 PM

Sunday: Closed
Reviews:

Wulan Listyorini✭✭✭✭✭

a week ago

The best ever money changer. Thankyou risansa

Bardi Sumitro✭✭✭✭✭

3 months ago

Good rate and service….very recommend to here

Maydinna Narranayra✭✭✭✭✭

3 months ago

the best money changer…..best rate and service

Joko Pariyanto✭✭✭✭✭

5 months ago

Good rate…. Service was excellent ??

Muhammad Prima Putra✭✭✭✭✭

11 months ago

Good price with good service

Barumun Abadi Raya Money Changer Jogja

Address: Mataram St No.100, Suryatmajan, Danurejan, Yogyakarta City, Special Region of Yogyakarta 55271, Indonesia
Map: Click here
Rating: 4.8 (150)

INTRAVALAS Authorized Money Changer

Address: Jl. Panembahan Senopati No.2, Prawirodirjan, Kec. Gondomanan, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55122, Indonesia
Map: Click here
Rating: 4.7 (48)

Money Changer yusuf

Address: 6957+CR4, Jl. Malioboro, Sosromenduran, Gedong Tengen, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55271, Indonesia
Map: Click here
Rating: 4.8 (37)

SMARTDEAL Money Changer Yogyakarta

Address: Jl. P. Mangkubumi No.58a, Gowongan, Kec. Jetis, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55233, Indonesia
Map: Click here
Rating: 4.5 (42)

Santana Monikaya Money Changer

Address: Jl. Pangeran Diponegoro No.116, Cokrodiningratan, Kec. Jetis, Kota Yogyakarta, Daerah Istimewa Yogyakarta 55233, Indonesia
Map: Click here
Rating: 4.6 (29)

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

Top Currency Exchange Service Alternatives in Yogyakarta

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

Yogyakarta, a city in Indonesia, is known for its vibrant tourist scene and international student population. As such, there are several currency exchange services available to cater to the needs of travelers and students alike. Here are the top three currency exchange service alternatives in Yogyakarta:

1. Central Bank of Indonesia (Bank Indonesia)

The Central Bank of Indonesia, also known as Bank Indonesia, is a popular choice for currency exchange in Yogyakarta. As the country’s central bank, it offers competitive exchange rates and reliable service. Bank Indonesia has branches and exchange counters located throughout the city, including at airports and other major tourist destinations. It is often recommended for exchanging large amounts of money due to its secure transactions and transparent rates.
2. Local Commercial Banks

In addition to Bank Indonesia, several local commercial banks in Yogyakarta also provide currency exchange services. Some of the popular banks include BNI, BRI, and Mandiri. These banks have a wide network of branches in the city, making them easily accessible for both locals and tourists. Although their rates may not be as competitive as Bank Indonesia, using local commercial banks for currency exchange is a convenient option, especially for small to medium-sized transactions.
3. Licensed Money Changers

Licensed money changers are another alternative for currency exchange in Yogyakarta. These establishments can be found in popular tourist areas, such as Malioboro Street and Prawirotaman Street. While the rates offered by licensed money changers may vary, they are generally competitive and often include a small service fee. It is important to note that using licensed money changers is recommended over unlicensed ones to ensure trustworthy and secure transactions.

When using currency exchange services in Yogyakarta, it is advisable to compare rates and fees to get the best deal. Additionally, it is recommended to exchange money at reputable establishments, such as those listed above, to ensure a smooth and reliable transaction.

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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