Where to exchange money in Medan
Are you heading to Medan? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Medan that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Medan
Are you heading to Medan? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Medan that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Medan
If you have a need to use cash, here are some recommendations to exchange foreign currency in Medan.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| HOHO MONEY CHANGER | Jl. Kota Baru 3 No.20, Petisah Tengah, Kec. Medan Petisah, Kota Medan, Sumatera Utara 20112, Indonesia | +62 877-4896-1593 |
| Money Changer Dolarasia | Jl. KH. Zainul Arifin No.53, Madras Hulu, Kec. Medan Polonia, Kota Medan, Sumatera Utara 20212, Indonesia | +62 851-8665-2901 |
| Money Changer | Jl. Jamin Ginting, Kwala Bekala, Kec. Medan Johor, Kota Medan, Sumatera Utara 20131, Indonesia | +62 821-6700-1889 |
| Star Multi Exchange - Money Changer | ATM Centre, Plaza Medan Fair, Jl. Gatot Subroto No.30 lantai 2, Sekip, Kec. Medan Petisah, Kota Medan, Sumatera Utara 20111, Indonesia | +62 822-7766-0068 |
| Dolarasia Money Changer | Jl. Ir. H. Juanda No.56B, Sukaraja, Kec. Medan Maimun, Kota Medan, Sumatera Utara 22159, Indonesia | +62 61 4564117 |
| TRAVEL UMROH DZAKY & MONEY CHANGER MEDAN | Jl. Sayum No.03, Ps. Merah Bar., Kec. Medan Kota, Medan kota, Sumatera Utara 20231, Indonesia | +62 896-0104-7474 |
| Star Multi Exchange - Money Changer | ATM Centre, Sun plaza, Jl. KH. Zainul Arifin Lantai 4 Zone A-05A, Madras Hulu, Kec. Medan Polonia, Kota Medan, Sumatera Utara 20214, Indonesia | +62 821-6002-2999 |
| Money Changer Dolarasia & Efata Tour & Travel | Jl. KL. Yos Sudarso No.219G, Pulo Brayan Kota, Kec. Medan Bar., Kota Medan, Sumatera Utara 20116, Indonesia | +62 811-6722-828 |
| Star Multi Exchange - Money Changer | Centre Point, Mall Jl. Jawa No.8 lantai LG-P05, Gg. Buntu, Kec. Medan Tim., Kota Medan, Sumatera Utara 20231, Indonesia | +62 823-6200-0528 |
| Money Changer Salsa Medan & Salsa travel umroh Medan dan sekitarnya | Jl. Sultan Serdang No.17, Bangun Sari Baru, Kec. Tj. Morawa, Kabupaten Deli Serdang, Sumatera Utara 20372, Indonesia | +62 811-9866-142 |
| Star Multi Exchange - Money Changer | Jl. Asia No.238, Sei Rengas II, Kec. Medan Area, Kota Medan, Sumatera Utara 20214, Indonesia | +62 61 7357200 |
| PT Gembira City Money Changer | Jl. KH. Zainul Arifin No.161, Madras Hulu, Kec. Medan Polonia, Kota Medan, Sumatera Utara 20152, Indonesia | +62 61 4511487 |
| Dolarasia Money Changer | Jl. Ir. H. Juanda No.56b, Sukaraja, Kec. Medan Maimun, Kota Medan, Sumatera Utara 22159, Indonesia | |
| SMARTDEAL Money Changer Medan | Jl. Ir. H. Juanda No.5, Sukaraja, Kec. Medan Maimun, Kota Medan, Sumatera Utara 20212, Indonesia | +62 61 4535365 |
| Megamas Valutindo. PT | Jalan Mohammad T. Haryono No.185, Pusat Ps., Kec. Medan Kota, Kota Medan, Sumatera Utara 20211, Indonesia | +62 61 4557070 |
| Dunia Jaya Valas PT | Komplek Multatuli Indah, Jl. H. Misbah Blok BB 49, Hamdan, Kec. Medan Maimun, Kota Medan, Sumatera Utara 20151, Indonesia | +62 61 4576055 |
| Efata Tour & DolarAsia Money Changer | 161/164, Jl. Jamin Ginting, Kwala Bekala, Kec. Medan Johor, Kota Medan, Sumatera Utara 20131, Indonesia | +62 61 8367781 |
| PT. Satelit Valutindo | Jl. KH. Zainul Arifin No.7, Madras Hulu, Kec. Medan Polonia, Kota Medan, Sumatera Utara 20152, Indonesia | +62 61 7360088 |
| PT Putra Agung Gemilang | Jl. Surabaya No.83, Ps. Baru, Kec. Medan Kota, Kota Medan, Sumatera Utara 20212, Indonesia | +62 61 4536688 |
| PT. Lestari Indo Valas | Jl. Perniagaan No.20, Kesawan, Kec. Medan Bar., Kota Medan, Sumatera Utara 20111, Indonesia | +62 812-6041-381 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Indonesian rupiah rate today
The currency used in Medan, 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 Medan
Before exchanging money in Medan or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Indonesia for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in Indonesia banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in Indonesian rupiahs for a fairer rate and avoid undisclosed exchange rates and additional fees.
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Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Medan. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.