Given that the exchange rate is over 8,800Rp to the AU$ can some one explain what is the best method od sending money to Bali (apart from taking cash in person).
Today I did a Telegraphic Transfer through NAB of Rp26 million to a Balinese Bank at an exchange rate of only Rp8270=$1AUD.
That is 7.5% less than the rate in Bali!!!!
Should I have transfered AUD instead or Rupiah? How much would the Indonesian Bank have taken off me?
NOT HAPPY JAN!