8/16/2016

Uber or Grab or Taxi (bluebird) in Jakarta indonesia

Indonesia taxi uber grab



Was in Jakarta a few days back again and once again traffic was a nightmare (Welcome to Jakarta!)

Made a few notes about my ride experiences when using uber, grab and bluebird taxis.

Do also look at my previous post on taking taxi from the Jakarta airport as well as my experience on blue bird rides.

Some notes when choosing to take uber or grab in Indonesia:

  • When taking uber, problem encountered: GPS is spotty

    As such, the uber car icons may not be showing accurately where the driver location is. There are times where the car has arrived but the uber app still shows the car being few minutes away.
  • So, do we wait and trust in the drivers?
    No! Some of the uber drivers in Indonesia do not know the way, does not come if there is police, and they do not cancel the ride. 
    They wait for you to cancel the ride and you get hit by the cancellation fee of RP30,000 once you have waited more than 5 minutes.
    If there is still no sign of your driver, please make alternative plans or book again.
  • Please remember to claim back your cancellation fee if it is not your fault.

    Yes, although it might be a small amount from your perspective. But lets not condone with the drivers who are abusing this system.
  • So, what are some tips to mitigate this?

    There is the call driver function to let the driver know where you are and if he is really coming or not. Only thing is, the drivers are usually not well versed in English and speak Bahasa. What you can try is to pass to a local next to you to help explain your pick up location. The locals are generally friendly and helpful.
  • What else can I do?

    Another alternative to consider is blue bird. They are generally available but you will have to live with the advantages uber and grab gives, which is their GPS-enabled navigation to your desired location.
  • That is a sacrifice to bear in time-sensitive times, until the system and driver pool quality of uber and grab taxis improve in Jakarta.

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EUFASS

7/29/2016

Which number to see when changing money?



A beginner's guide to we buy we sell in currency exchange

Confused when comparing currency rates? 
Not sure how to interpret the two column of numbers : we buy , we sell?

I have not travelled for a while and found myself asking this question when changing to Indonesian Rupiah (IDR) in my recent trip to Jakarta. I thought it will be useful to share this information since I believe this question will be encountered quite frequently by people like me who does not do currency exchange often.


Click here for the best place to change currency in Singapore

Here are the 2 tips to remember when you are exchanging currency.


• Always look under "we sell"

>We sell is the amount that the money changer will charge you for 1 unit (or could be 100/1000 units) of the foreign currency.

• Then find the lowest number among the shops you are comparing

>Think as it from this perspective
: you are looking at the currency selling price and the smaller, the better.


Now, an example


I wanted to change SGD to IDR (Singapore dollars to Indonesia Rupiah) , there were 2 banks at the airport (Why change at the airport? Reason here )

So i looked under the "we sell" column
1st bank offered 0.109 the other offered 0.112. Which one should i go for?
I should choose the one offering 0.109, which means I will receive 1000 IDR for $0.109 SGD
To exchange for 1,000,000 IDR, I will hence need $109. (It will cost $112 if I went for the other bank)


So remember


look under we sell, and 
the smaller the figure, 
The better rate you'll get

Hope this was useful for you
EUFASS

4/22/2016

Changing large amount of SGD to JPY in Singapore

Changing large amount of SGD to foreign currency


So far, especially taking into consideration my numerous trips to Japan, my conclusion is transferring at a local money exchanger hotspot into cash is still the best choice.

My best friend is going back to Japan and is closing his SG account. Now there are 2 ways to transfer his money back to japan.
1. Directly through interbank transfer
2. Transfer to cash and bring it back

Telegraphic transfer

We went to UOB to enquire about telegraphic transfer.
I must give some kudos to UOB service, great service and we did not had to wait long despite having 20 people in front of us.

The charges were as such:

############ 
The indicative rate is 1.245 (which means 100 yen/ for SG$1.245)
Cable fee: $20
Commission: 0.125% (min $10 charge)
############

Assume for every SG$10000, he would get 800600 yen.

The Cash Way

Now to transfer the cash, you can change at the bank / airport, or change at the money changer.

Having previously written about where best to change SGD to foreign currency, I brought him to the arcade where I am familiar enough to help him get the best rate.

We got a better rate of 0.1230 after negotiating with the owner. 

At this rate, assume for every SG$10000, he would get 813000 yen

It was a savings of 12400 yen, which translate to about 1.5% savings for an amount of 10k.


Other Tips:
  • Check your local limit of cash that you can bring through customs.
  • Give your cash a good count before leaving the money exchanger
  • Go for convenience if it’s a small amount

In our case, I guess the time spent justifies the savings we’ve achieved from this trip to the money exchanger!


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EUFASS