Where to exchange money in Palembang
If you’re planning a trip to Palembang, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Palembang. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Palembang
If you’re planning a trip to Palembang, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Palembang. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Palembang
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Palembang below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| PT.Haji La Tunrung A.M.C KC Palembang | Jl. R. Sukamto No.79, 8 Ilir, Kec. Ilir Tim. II, Kota Palembang, Sumatera Selatan 30128, Indonesia | +62 821-7505-9245 |
| independent money changer | Jl. Kapten A. Rivai No.27, Sungai Pangeran, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30129, Indonesia | +62 711 313020 |
| AUTHORIZED MONEY CHANGER, PT. SUMBER DAYA USAHA | TOKO JAM GUNUNG MAS, Internasional Plaza, Lt dasar Blok B-3, 18 Ilir, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30114, Indonesia | +62 711 365691 |
| PT. MAS SRIWIJAYA ABADI | 380 D, RT 01/01, Jl. T. P. Rustam Effendi No.17, 17 Ilir, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30111, Indonesia | +62 711 351111 |
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
When you're in Palembang, and also the rest of Indonesia, the official currency is the Indonesian rupiah.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Indonesian rupiah is IDR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Palembang
Before exchanging money in Palembang 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.
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.
Say goodbye to the analog way. Say hello to Wise
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Palembang. 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.