Best Money Changers in Singapore to Get Favourable Exchange Rates
Getting the best currency exchanges rates is always a big consideration when we’re travelling on holiday. Scouring the island for the best exchange rates to get more for your dollar (literally) might actually add up to quite a bit of savings for your trip. Lucky for you, we have compiled a list of the best money changers in Singapore** as recommended by Singaporeans!
** Make sure to do your own exchange rate comparisons to ensure you get the best rates possible! Some recommended sites to get the most updated exchange rates include Get4x.com and CashChanger.co.
Some money changers recommended by ShopBack’s own readers also include Sheng Shiong (Bedok), Blk 210 Bedok North, Jurong Point B1, Clifford Centre and Lot One!
1.The Arcade at Raffles Place
Image Credit: Arcade Money Changers | Facebook
The Arcade is located at Raffles Place and houses several different money changers. Depending on what currency and how much you are buying, some money changers may offer more favourable rates than others. The Arcade is well known for their low and competitive rates, which is why it is one of the top places recommended by Singaporeans to exchange foreign currency.
Recommended Money Changers:
Sheen International Exchange
11 Collyer Quay, The Arcade, #02-04, Singapore 049317
Mon – Thurs: 10am – 6:30pm
Fri: 12:30pm – 2pm
Closed on Weekends/PH and Prayer times.
Arcade Plaza traders Pte Ltd.
11 Collyer Quay, The Arcade, #02-03, Singapore 049317
Mon – Sat: 10am – 5pm
2. Fountain Money Changer at Marina Square
Image Credit: Fountain Money Changer | Facebook
When you see the long queue snaking out from this money changer, your Singaporean senses will tell you that it has to provide good rates. Be prepared to queue if you decide to change money here though because there is a perpetual queue no matter the time of the day.
Fountain Money Changer
6 Raffles Boulevard #02-332 Marina Square, Singapore 039594
Mon – Sun: 10am – 8pm
3. Lucky Plaza Money Changers
Image credit: Terence Ong | commons.wikimedia.org
Lucky Plaza is littered with many different money changers that offer relatively competitive rates. Most of these money changers are well known for their good service and rates. Whilst they do not use electronic boards to show the exchange rates, the staff are very helpful and willing to provide any information you may need.
Recommended Money Changers:
True Blue Money Changer
304 Orchard Road #01-14 Lucky Plaza, Singapore 288863
Mon – Sun: 10am – 9pm
Fajar Store Money Changer
304 Orchard Road, #01-82 Lucky Plaza, Singapore 238863
Mon – Sun: 10:30am – 7:30pm
4. Cuppage Money Changer at Cuppage Plaza
Image Credit: yelp.com
Cuppage Money Changer is another money changer situated in the town area. Compared to some other money changers, Cuppage Money Changer has pretty decent exchange rates, yet not always the best out there. However, if you’re not changing a large amount of money, and want to avoid the queues, you might find the exchange rates to be quite reasonable.
Cuppage Money Changer
5 Koek street, Cuppage Plaza, #01-06, Singapore 228796
Mon – Sun: 10:30am – 10:30pm
5. Mustafa Foreign Exchange at Mustafa Centre
Image Credit: flickr.com
Did some last minute packing and forgot to change money for your trip? Mustafa Foreign Exchange is a 24-hour Money Changer situated in Mustafa Centre. Not only are they always available for your money changing needs, they also have competitive exchange rates! Being the only 24-hour money changer in Singapore, expect to see long queues at almost all times of the day.
Mustafa Foreign Exchange
145 Syed Alwi Road, #03-00 Mustafa Centre, Singapore 207704
6. People’s Park Complex, Chinatown
Image Credit: cashchanger.co
Being a popular place of interest in Singapore, Chinatown houses many money changers. Crante Money Changer is located in People’s Park Complex and is known to have good rates for Chinese Yuan, Philippine Peso, Thailand Baht, Malaysian Ringgit, and Hong Kong Dollars. Like other money changers with good rates, however, Crante Money Changer always has long and snaking queues. It also has a durian pancake shop next to it; so grab a durian pancake while waiting in line!
Crante Money Changer
1 Park Road, Singapore 059108
Mon – Sun: 9am – 9pm
7. Yakadir Money Changer at Parkway Parade
Image Credit: parkwayparade.com
If you live around the Katong, Marine Parade area, there’s a money changer that offers decent rates in Parkway Parade! They have their own website where you can check the exchange rates (yakadir.com) they offer or you can call them up to check for more accurate rates.
Yakadir Money Changer
80 Marine Parade Road, Parkway Parade #01-91, Singapore 449269
Mon – Sun: 10:30am – 8:30pm
8. Iban Express at Ang Mo Kio Hub
Image Credit: get4x.com
For those of you living in the North-East region, this money changer located in the basement of Ang Mo Kio Hub offers pretty decent exchange rates. Queues here are much shorter than the other popular money changers, yet rates are still comparable.
53 Ang Mo Kio Ave 3, Ang Mo Kio Hub #B2-10, Singapore 569933
Mon – Sun: 10:30am -9pm
9. A.R. Money Changer
Image Credit: Ung Kiong Soon | Facebook
The long queue outside of this money changer in Bishan’s Junction 8 mall says it all. A.R. Money changer has consistently good rates for Malaysian Ringgit, so if you frequently need to buy Malaysian Ringgit, this is the place to go! It has a unique system that not many money changers employ. It has 2 queues, one for submitting your order (and money), and another to collect. Usually, the first queue moves briskly, while the second queue takes a much longer time since the staff has to prepare the correct amount of money.
A.R. Money Changer
9 Bishan Place, Junction 8 Shopping Centre K1-10, Singapore 579837
Mon – Sun: 10:30am – 9 pm
10. Money Changers at Sun Plaza
Image Credit: sunplaza.sg
Yes, more neighbourhood money changers! For those living in Sembawang, Sun Plaza is the place to go for all your money changing needs. With 2 money changers, Ahnaaf Money changer and Al-Najib Enterprise, you can compare rates and choose the one with the better rate! Both money changers are known to have good exchange rates for many currencies, especially Malaysian Ringgit.
Ahnaaf Money Exchange
30 Sembawang Drive, Sun Plaza B1#10, Singapore 757713
Mon – Sun: 10:30am – 8pm
30 Sembawang Drive, Sun Plaza #03-02, Singapore 757713
Mon – Sat: 10:30am – 8:30pm
Closed on Sunday