Quote:
Originally Posted by localbest
In my opinion, if the currency is changed from USD to sing$ then to rupiah, the exchange amount will most likely be less than USD direct change to rupiah.
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If were to change usd to sing$ to rupiah, the money changer will most likely buy your usd at low price and sell sing$ to you at high price.
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Of course.
It's not cheating: it's plain business. The money changer makes money from the difference between sell and buy, as everyone who has a business.
That's why I have those USD. I received them time ago, and I did not change them to my EUR currency, keeping them for the next visit to Batam: one single change means retaining value.