Local Currency and Exchange Information

The local currency in Canggu, Bali, is the Indonesian Rupiah (IDR). As of October 2023, the exchange rate is approximately 1 USD = 15,000 IDR, but this can fluctuate. It’s advisable to check the latest rates before your trip.

Currency exchange services are widely available in Canggu, including banks, dedicated exchange counters, and hotels. However, avoid exchanging money in the street as it may not be safe or offer fair rates.

• ATMs: Widely available in Canggu, with most accepting international cards. Look for machines that display Visa or MasterCard logos.
• Currency exchange offices: Known as money changers, these offer competitive rates. Always count your money before leaving.

Payment Methods and Banking Options

In Canggu, cash is still the preferred payment method, especially in local markets and small restaurants. However, many establishments do accept credit and debit cards.

• Credit Cards: Visa and MasterCard are accepted at hotels, larger restaurants, and some shops. Be wary of additional transaction fees from your bank.
• Mobile Payments: Applications like GoPay and OVO are increasingly popular among locals and can be used at various merchants.

For those planning to stay longer, consider opening a local bank account for easier transactions and lower fees.

Tipping Customs and Payment Etiquette

Tipping is appreciated in Canggu but is not obligatory. Here are some general guidelines:

• Restaurants: A tip of around 10% is customary if service is not included.
• Spas and Salons: A tip of 10-15% is appreciated for good service.
• Drivers and Guides: Round up the fare or give a small amount as a token of appreciation.

When paying, it’s polite to hand money directly to the person rather than placing it on the counter.

Cost Considerations and Budgeting Tips

Canggu is generally affordable, but costs can vary greatly depending on your lifestyle. Here’s a breakdown:

• Accommodation: Prices range from $10 for hostels to $200+ for luxury villas.
• Food: Local warungs (small restaurants) offer meals for as little as $2-5, while upscale dining can range from $20-50.
• Transportation: Renting a scooter is popular and costs about $5-10 per day. Taxis and ride-hailing services are also available.

To budget effectively, consider a daily allowance and monitor your spending to avoid overspending.

Practical Financial Advice for Travelers

• Carry Cash: Always have some cash on hand, especially for small purchases and local markets.
• Notify Your Bank: Inform your bank about your travel plans to avoid any issues with card transactions.
• Use ATMs Wisely: Withdraw larger amounts to minimize transaction fees, but be cautious of carrying too much cash.
• Keep Small Bills: Vendors may not always have change for larger notes, so it’s wise to have smaller denominations.

By following these guidelines and being aware of local financial customs, you can enjoy your trip to Canggu while managing your finances effectively.