Local Currency and Exchange Information

The local currency in Medan, Indonesia, is the Indonesian Rupiah (IDR). As of October 2023, the exchange rate fluctuates around IDR 15,000 to 1 USD, but it is advisable to check the current rates before exchanging money.

Currency exchange services are widely available in Medan, including:

• Banks
• Currency exchange offices
• Hotels

It is best to exchange a small amount of money upon arrival for immediate expenses, such as transportation. Avoid exchanging currency at airports if possible, as rates tend to be less favorable.

Payment Methods and Banking Options

In Medan, cash is still the preferred method of payment, especially in local markets and smaller establishments. However, credit and debit cards are accepted at larger hotels, restaurants, and shops.

Here are some payment options to consider:

• ATMs: Widely available in urban areas, ATMs accept international cards. Check for those that display the Visa or Mastercard logos.
• Credit Cards: Major cards like Visa and Mastercard are accepted in many places, but it is wise to carry cash as a backup.
• Mobile Payments: Some establishments may accept mobile payment options, but this is less common.

Be aware of potential foreign transaction fees charged by your bank when using your card abroad.

Tipping Customs and Payment Etiquette

Tipping in Medan is generally appreciated but not mandatory. Here are some guidelines:

• Restaurants: A tip of around 10% is customary if service is not included.
• Taxis: It is not necessary to tip taxi drivers, but rounding up the fare is appreciated.
• Hotels: A small tip for porters and housekeeping is a nice gesture.

Always hand tips directly to the person rather than leaving it on a table or counter, as this is considered more respectful.

Cost Considerations and Budgeting Tips

Medan is relatively affordable compared to many other cities. Here are some average costs to keep in mind:

• Meals: A meal at a local restaurant can cost around IDR 30,000 to 70,000.
• Accommodation: Budget hotels range from IDR 200,000 to 600,000 per night.
• Transport: Local transportation costs are low, with a taxi ride averaging IDR 20,000 to 50,000.

To stay within budget, consider eating at local food stalls and using public transport. Always negotiate prices in markets.

Practical Financial Advice for Travelers

Here are some tips to manage your finances effectively while traveling in Medan:

• Carry Cash: Always have a decent amount of cash on hand, as many smaller businesses do not accept cards.
• Notify Your Bank: Inform your bank of your travel plans to avoid any issues with your cards.
• Use Local ATMs: Withdraw cash from local ATMs to get the best exchange rates.
• Keep Small Notes: Having small denominations will make transactions easier, especially in markets.

By following these guidelines, you can ensure a smooth financial experience while exploring the vibrant city of Medan.