Close
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 Will My Bali Holiday Cost?
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 Will My Bali Holiday Cost?

Bali by the Numbers: Historical Movements in Exchange Rates and the Resulting Impact of Baliís Major Source Markets


Bali News: How Much Will My Bali Holiday Cost?
Click Image to Enlarge

(8/31/2012)

In the ongoing debate about price competition and the increasing cost of a Bali holiday, the impact on the price continuum of shifting exchange rates is often not taken into account.

In examining the impact of foreign exchange shifts on the cost of vacationing in Bali, it is important to also keep in mind:

  • For historical reasons and the fact that the Indonesian Rupiah is basically a “non-exportable” currency, hotels in Indonesia have always priced themselves in US$.
  • Meanwhile, hotels, restaurants and attractions in Bali are almost always priced in Indonesian Rupiahs. 
In calculating the cost of a Bali holiday and regardless of how payment is actually made (i.e. bank transfer, credit card or cash), foreign visitors will in effect purchase U.S. Dollars to pay for their accommodation and secure Rupiahs to cover the cost of the other Bali-based portions of their island stay.

If we haven’t lost you yet, here’s what all this might mean to tourist visitors from a few key source countries of Bali visitors:
  • Australian Dollars: An Australian visiting Bali in August 2010 and, again, two years later would be spending 14.41% more in paying for a hotel room than was the case two years before. Meanwhile, on the plus side, an Australian tourist, paying for food, drinks and other items priced in Indonesian rupiahs saw 12.73% more buying power in August 2012 than was the case two years before.
  • Euro: While the value of the U.S. Dollar against the Europe has been largely “even” over the past two years (+1.97%) - meaning the cost of a hotel outside the impact of any hotel price hike remains much the same. However, Euro earners spending Rupiahs during their Bali holiday are spending 6.43% more in Euros to buy Rupiahs in 2012 than they did two year before.
  • Japanese Yen: Japanese travelers are paying 7.42% more in 2012 in their home currency for an US$-based Bali hotel room than they did two years ago. To their credit, however, Japanese travelers are getting 13.08% more Indonesian Rupiahs for their Yens in 2012 than they did in 2010.
  • Great Britain Pound: The U.K. travelers, who remain one of the strong performers among European visitors to Bali, found the value of the Pound Sterling against the U.S. Dollar only 1.6% less in valuable in the two years from 2010 to 2012. But, when U.K. visitors spent Rupiahs, they got 9.24% more for their Pound Sterling in 2012 than they did in 2010.
  • PRC Renminbi: Arrivals from the People’s Republic of China continue to surge despite finding their U.S.$ price hotel room in Bali costing 6.53% more in Renminbi (before any hotel price hike) to purchase the U.S. Dollars needed for room bills than they paid in 2010. But, when PRC visitors go shopping or dining in Rupiahs, they happily discover their buying power has increased 13.11% over the two years from 2010.


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


 
UBUD WRITERS & READERS FESTIVAL
 
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
Harambee, Buana! Harambee!
Hat-trick Win for Kenyan Kennedy Kiproo Lilan on His 3rd Win of BII Maybank Bali Marathon
(9/14/2014)
Holiday of No Return
Suicide Suspected in Death of 31-Year-Old Australian at a Kuta Hotel
(9/13/2014)
Roller Coaster Effect
Bali Hindu Support a Mass Transit Rail System that Honors Local Sensitivities
(9/13/2014)
Climb Every Other Mountain
Bali's Mount Agung Closed to Hikers Until November 21, 2014
(9/13/2014)
We Have a Search Warrant!
Prosecutors Raid Bali Airport Offices Seeking Evidence in Ongoing Corruption Investigation
(9/12/2014)
Bali & Beyond Travel Fair 2015
2nd Bali and Beyond Travel Fair Returns to Bali June 10-14, 2015
(9/12/2014)
Have Lunch with Bali's Best Chefs
Bali Culinary Professionals September Lunch - a Bavarian Affair at Discovery Kartika Plaza Hotel on Saturday, September 27, 2014
(9/12/2014)
Thai-Style Hospitality Comes to Bali
Centara Hotel and Resorts Opens 14-Villa Property at Nusa Dua, Bali
(9/12/2014)
Service Included
Airport Service Charge to be Included in Cost of Domestic Tickets Traveling form Bali's Airport
(9/12/2014)
Waldorf . . . .Make it a Double
Bali to Be Home to Two Waldorf Astorias
(9/12/2014)
Monumental Exports
29.09% drop in Exported Wooden Statues from Bali in January-July 2014
(9/12/2014)
TV Dinners
CNNgo Names Six 'Must Eat' Dishes for a Balinese Holiday
(9/13/2014)
All [News]!
 
Tourism and Transport Tourism Agents