Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · How Much is that in Real Money?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

How Much is that in Real Money?

Bali by the Numbers: A Look at What Things Really Cost in Bali Against an Ever Changing Basket of Foreign Currencies.


(5/21/2011)

The strengthening of the Indonesian Rupiah over the past three years is has made it one of Asia's best performing currencies.

A strengthening Rupiah make Indonesian exports more expensive, it will also have an impact on tourism which is, in the final analysis, Bali's number one export.

Because historically the Rupiah was "non-exportable" currency and at one time was subject to wild swings in value, hotels price themselves in United States Dollars. 

Because of this specifically Indonesian situation, the movement of the Rupiah against the Greenback has a disproportionate impact on the island's tourism fortunes. As the Rupiah has strengthened 10.92% against the U.S. dollars from January 1, 2008 until May 20, 2011, the cost of a room in 2008 dollars has remained the same while the cost of other hotel services, normally priced in Indonesian Rupiah, have either resulted in either a savings or an additional costs, depending on the the currency earned by a foreign visitor. 

Click Images to Enlarge


Here's an overview of the international currency movement for a basket of currencies and what those changes have generally meant to the pocketbooks of island visitors. 

US$ - Due to the U.S. dollar pricing for accommodation, Americans have found that over the three year period illustrated in the accompanying charts, their dollars have the same buying power as measured in 2008 dollars . Meanwhile, Americans are finding Rupiah-based meals, drinks and handicrafts now cost 10.92% more as the Indonesian currency appreciate against the dollar.

AU$ - Australian tourists are enjoying something of a bargain as their strengthening dollar now goes 18.04% further in paying for U.S.$ denominated hotels . On the other hand, restaurants dining in rupiahs now cost 9.15% less than was the case in January 2008.

Japanese ¥ - A strengthening of the Yen against the dollar is making Bali hotels 25.50% less expensive "Yen for dollar" than was the case three years ago. Enjoying a double boost, Japanese travelers pay 18.94% less for Rupiahs expenditures on dining and shopping.

Euro € - The Euro has remain relatively stable since January 2008, depreciating  only 1.89% against the US$. The Euro has taken more of a beating against the Rupiah, meaning Rupiah priced items cost Euro earners 13.08% more than three years ago.

Malaysia Ringgit - A stronger Ringgit reduced the cost of hotels by 9.74% while remaining in almost lock step with the Rupiah (depreciating 0.26%).

Singapore $ - A stronger Singapore dollar has reduced dollar-based hotel costs by 14.27% when measured in 2008 U.S. dollars. A Rupiah-priced dinner in Bali now costs a Singaporean 4.87% less than it did in January 2008.

Great Britain £ - Double jeopardy brought on by a weakening pound: Compared to January 2008, a hotel room in Bali now costs 22.36% more for U.K. visitors, while a meal costs 35.75% more.

South Korean ₩ - A weakening Won has raised the price of a U.S. Dollar hotel in Bali by 13.76%. Meals paid in Rupiah now cost South Koreans 27.20% more than three years ago.

New Taiwan $ - A strengthening in the value of the New Taiwan $ against the US$ means hotels are 11.28% cheaper for the Taiwanese traveler to Bali. Rupiah purchases for meals and alike are now 1.61% less expensive than was the case in January 2008.

Hong Kong $ - Hong Kong dollar earners have seen their currency remain fairly steady in the three years since January 2008, appreciating only 0.34%. When Hong Kong visitors need to pay for anything in Rupiahs they are paying 10.56% more than they did three years before.

New Zealand $ - The New Zealand dollar has appreciated by 3.27% against the U.S. Dollar lowering the cost of room by a corresponding amount. A Rupiah priced dinner now costs a Kiwi 7.28% more than 3 year ago.

Russian Rubles - A weakening Ruble means hotel rooms now cost Russians 14% more in Bali than it did in January 2008. Russians are also paying 26.47% more for items purchased on Rupiahs.

South African Rand - The South African currency as depreciated only 1.07% over the past 3 years making hotel rooms, before any price increases, costing roughly the same for Rand earners. Against the Rupiah the Rand has depreciated a more significant 12.21%.

Chinese RMB - A strong Rimimbi means rooms are costing Mainland Chinese travelers 11.10% less than they did in 2008 as measured in 2008 U.S. dollars. With the RMB  appreciating against the Rupiah, Maninland Chinese travelers are paying 1.39% less for a local meal in Bali.

Impact on Bali Tourist Operations

The strengthening Rupiah against the U.S. dollar will put a strain on the bottom line of many Bali Hotels. While hotels earn room revenues in U.S. dollars, those dollars now purchase a lesser quantity of Indonesian Rupiahs needed to pay major budget line items such a salaries and energy costs.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

   

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
A Sinking Feeling
PT Pelni Doubles the Maximum Passenger Limits on its Passenger Ships Over the Year End Holiday Period
(12/13/2014)
What a Difference a Day Makes
Provincial Workers in Bali Government Granted Only a One-Day Holiday at Galungan
(12/13/2014)
When is Enough, Enough?
While Government Targets 20 Million Foreign Tourists by 2019, Concerns Expressed Regarding Carrying Capacity of Indonesia’s Tourism Infrastructure
(12/13/2014)
Tax and Service Included
Requirement to Include Airport Service Charge in Price of Airline Tickets Postponed until March 1, 2015
(12/13/2014)
From the Past, into the Present, for the Future
An exhibition of Batik by Museum Kain at the Ganesha Gallery in Bali from December 25, 2014 – January 2, 2015
(12/13/2014)
What's Cooking for Christmas?
Bali Culinary Professionals Christmas Party on Saturday, December 20, 2014
(12/13/2014)
90% Arrivals from Domestic & Regional Sourcess
Bali by the Numbers: While November Foreign Tourist Arrival Dip, Bali Likely to End 2014 with 3.7 million Foreign Visitors
(12/13/2014)
Sounds of the Season
Bali Community Choir in Concert of Christmas Music on Friday, December 19, 2014
(12/13/2014)
Lavishing on our Lavatories
Governor Identifies Clean Toilets at Government Offices as Fundamental to Good Public Service
(12/13/2014)
Benoa Bay: Ankle Deep in Troubles
Increasing Shallowness of Benoa Bay Underlines Need to Revitalize the Area’s Natural Environment
(12/13/2014)
The Wretched Refuse of Your Teeming Shores
Mountains of Trash Wash Ashore in Kuta in Seasonal Blight on Bali’s Shores
(12/13/2014)
The Law School of Big Locks
Balinese Law Student Sentenced to 9-Year Prison for Marijuana Possession
(12/13/2014)
All [News]!