Best Money Changer in Singapore to Get a Favorable Exchange Rate
Getting the best currency exchange rate is always a big consideration when we’re travelling on holiday. Scouring the island for the best exchange rate to get more for your dollar will actually help you stretch your dollar for your trip. Lucky for you, we have compiled a list of the best money changer in Singapore** as recommended by Singaporeans!
**As with money changers, rates are constantly changing, so do check out get4x.com and CashChanger for more updated rates once you’re done with this list.
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 Changer | 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 favorable 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 changer:
Arcade Money Changer
The Arcade #01-18, 11 Collyer Quay, 049317
Closed on Sundays
Phone: 6221 2080
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.
Phone: 6222 2040
Arcade Plaza traders Pte Ltd.
11 Collyer Quay, The Arcade, #02-03, Singapore 049317
Mon-Sat: 10am – 5pm
Phone: 6227 7660
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
Phone: 6337 8128
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 rate, 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
Phone: 6235 0989
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 a pretty decent exchange rate, 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 rate to be quite reasonable.
Cuppage Money Changer
5 Koek street, Cuppage Plaza, #01-06, Singapore 228796
Mon-Sun: 10:30am – 10:30pm
Phone: 6732 8252
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 rate! 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
Phone: 6292 9252
6. People’s Park Complex, Chinatown
Image Credit: cashchanger.co
Being a popular place of interest in Singapore, Chinatown houses many money changers and Crante Money Changer is a great option. It 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. If all that queueing has made you hungry, there is also 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
Phone: 6532 5008
7. Yakadir Money Changer at Parkway Parade
Image Credit: parkwayparade.com
If you live in 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
Phone: 6344 9652
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 rate. 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
Phone: 6484 1940
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
Phone: 6250 5183
10. Money Changers at Sun Plaza
Image Credit: sunplaza.sg
Yes, more neighborhood 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
Phone: 6481 2411
30 Sembawang Drive, Sun Plaza #03-02, Singapore 757713
Mon-Sat: 10:30am – 8:30pm
Closed on Sunday
Phone: 6483 5336
11. Classic Exchange Money Changer
The next money changer on this list is Classic Exchange which actually has two branches located in and around Orchard. The first branch is conveniently located on the fourth floor of the basement in Ion Orchard while the second branch is found on the first floor of Tanglin Shopping Center. Operating since 1986, Classic Exchange promises the best exchange rates for over 40 different currencies.
Classic Exchange (Ion Orchard)
2 Orchard Turn, #B4-05 ION Orchard, S 238801
Mon-Sun: 10:00 AM – 08:00 PM
Phone: 67341 400
Classic Exchange (Tanglin Shopping Center)
19 Tanglin Road, #01-07 Tanglin Shopping Centre, Singapore 247909
Mon-Sun: 09:00 AM – 06:00 PM
Phone: 6732 3353
12. Jamal Kazura Aromatics Money Changer
You may be wondering why we included a perfume and essential oils shop on this list when this is a guide about money changers. Tucked away in the corner of the shop sits a currency exchange counter. Located in the Kampong Gelam area in Bugis, this establishment has been in operation since 1933. Apart from offering currency exchange services, the shop sells a wide variety of exotic clear and colored natural oils from around the world – including Europe, the Middle East, and India. Moreover, this shop is surprisingly popular with Japanese tourists as it is featured in many Japanese guidebooks. If you want something on top of your currency exchange, do visit the shop as it seems to be quite the experience.
Jamal Kazura Aromatics
728 North Bridge Rd, Singapore 198696
Mon-Fri: 9am – 6pm
Sat-Sun: 9am – 6.30pm
Phone: 6293 2350
13. Million Dollar Exchange Money Changer
With Singapore’s strong dollar, you can realize your dreams of becoming a millionaire at this exchange. Located conveniently at Suntec City Tower 1 this money changer is very accessible. In addition, this money changer offers great rates for your currency exchange needs. On top of offering a money exchange service, there is also a small minimart in the shop if you are feeling hungry.
Million Dollar Exchange
Address: 3 Temasek Blvd, Suntec City Mall, Tower 1, #B1-144 Postal code: 038983
Mon-Sun: 9.30am – 9.30pm
Phone: 6235 2909
14. RCC Exchange
Razack Custom Clothiers Exchange or RCC Exchange for short is located right in the heartlands of Toa Payoh. A few minutes walk from Toa Payoh MRT, this is the money changer for those living in Toa Payoh. Operating from Mondays to Sundays, RCC Exchange offers good rates on all the days of the week.
RCC Exchange Money Changer
Blk 190 Lor 6 Toa Payoh #01-574 Singapore 310190
Mon-Sun: 10am – 9pm
Closed for prayers every Friday 1pm-2pm
Phone: 6338 3334
15. Gaj Traders Money Changer
Last on this list is Gaj Traders Money Changer. Located 5 minutes walk away from Holland Village MRT, this money changer offers good rates for those living near the area. This is also a great spot to unwind as there are many nice bars and dessert shops in the area.
Gaj Traders Money Changer
211 Holland Ave, Singapore 278967
Mon-Sun: 10am – 8pm
Phone: 6462 1278
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