How to Exchange Indonesian Currency to Vietnamese Dong?

Currency in Indonesia and its Exchange Rates

Currency Units

The currency unit of Indonesia is Rupiah, symbolized as Rp (used for both paper and metal money), with the currency code IDR – short for Indonesia Rupiah.

Currently, Indonesia only circulates currency with denominations of 50, 100, 200, 500, 1,000, 5,000, 10,000, 20,000, 50,000, and 100,000 Rp. Banknotes often feature national heroes of Indonesia and are widely used. Meanwhile, coins made of aluminum, nickel, and copper are less common and mainly used in small transactions.

Denominations of Indonesian Currency

Exchange Rates

The current exchange rate for Indonesian Rupiah is approximately 1 Rp ~ 1,573 VND. So, 10 Rp ~ 15,733 VND and 100 Rp ~ 157.33 VND.

Note: Currency exchange rates may vary over time. Depending on when you check, the rates will fluctuate.

How to convert Indonesian currency to Vietnamese currency?

When converting Indonesian Rupiah to Vietnamese Dong, the crucial factor is the exchange rate at the time you want to make the exchange. The exchange rate determines how much money you'll get. If the Rp exchange rate is lower, you'll get more Vietnamese Dong, and vice versa. The conversion formula is calculated by the exchange rate at the time of conversion multiplied by 1 unit of the currency = VND. This formula applies to all currencies when you want to convert to VND.

Returning to the Indonesian Rupiah, consider some items below converted to Vietnamese currency for a clearer picture:

Similar to exchanging Indonesian Rupiah to Vietnamese Dong, converting Indonesian Rupiah to USD currently has an exchange rate of 1 Rp ~ 0.0000673428 USD; 100 Rp ~ 0.006734 USD; 10,000 Rp ~ 0.67343 USD; and 1,000,000 Rp ~ 67,342.8 USD.

A handy tip if you find it cumbersome or challenging to convert VND to Rp is to use currency conversion apps on electronic devices such as computers or smartphones. Here, you can check the exchange rates at the time of currency conversion for any country and easily convert money accurately in the smallest denominations.

Where to exchange Indonesian Rupiah to Vietnamese Dong?

Exchange within the country

Banks

When exchanging Indonesian Rupiah, the first place that comes to mind is the bank. However, our country prohibits foreign exchange transactions, so when exchanging at the bank, it's advisable to bring your flight ticket, hotel reservation, or confirmation of your tour booking.

An advantage of exchanging money at the bank is that you won't have to worry about counterfeit currency, and the rates at the bank are already listed. However, not all banks keep foreign currency in stock. Here are some of the best banks for exchanging Indonesian Rupiah: Vietcombank Vietnam, Maritime Bank Vietnam, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) - Hai Ba Trung Branch, Techcombank - Cho Lon Branch, Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) - Cho Lon Branch, VIB International Bank.

Banks specializing in foreign exchange

Gold shops

Reputable gold shops are also places to exchange Indonesian currency. However, most gold shops conduct unofficial foreign exchange, so be cautious when exchanging money here. An advantage is that when you exchange money at gold shops, you won't need the cumbersome procedures required at banks.

In Hanoi, the most convenient place to exchange money is on Hà Trung Street. There are numerous gold and silver shops specializing in foreign exchange, offering slightly better rates than banks for converting Vietnamese Dong to Indonesian Rupiah and vice versa. Consider shops like Quốc Trinh and Thịnh Quang. In Ho Chi Minh City, you can exchange money in the Cống Quỳnh area and Ben Thanh Market. At large gold shops, you can exchange large amounts, but it's advisable to check prices and call ahead for the best rates at shops like Kim Mai, Hà Tâm, and Trung Tâm Kim Hoàn Sài Gòn.

Hà Trung Street (Hanoi) is a famous street specializing in foreign exchange.

Exchanging money in Indonesia

In Indonesia, you can exchange money at the airport or hotels, but the rates may be relatively high. It's recommended to exchange money at external currency exchange shops. Some places to consider are Ayu Masagung, Jakarta Currency Exchange Center, or Indonesian banks such as HSBC Indonesia, Citibank Indonesia, Bangkok Indonesia Bank, Deutsche Bank, JPMorgan Chase. Additionally, if you have an international bank card, you can withdraw or swipe at ATMs or large stores.

Banks in Indonesia

Considerations when exchanging money in Indonesia

- Avoid exchanging money at the airport or hotels as the rates are usually very high. Opt for currency exchange shops in towns or cities.

- Be cautious of fee-free currency exchange services. In currency exchange shops that claim to be fee-free, you should be careful as the exchange rates are often unfavorable.

- Check the exchange rates before currency exchange to ensure you don't get ripped off. When returning, check the exchange rates; if they are low, consider exchanging to USD, which is often more advantageous than Vietnamese Dong.

- Do not bring torn, damaged, or worn-out currency, as it will be rejected for exchange.

- Use credit and debit cards: You can use bank cards at large stores and withdraw money from ATMs. However, carry cash for small transactions or in remote areas where ATMs are scarce. Also, inform your bank about your international travel to avoid potential card blocks due to suspicious activities.

Here is some information on exchanging Indonesian Rupiah to Vietnamese Dong. Hopefully, this Mytour article provides useful insights for your upcoming trip. Refer to more Bali travel experiences to stay updated on everything about Indonesia. Wish you an amazing journey with unforgettable experiences.

Thiều Yumi

Image Source: Internet