The Finest Money Changer in Singapore

Money changer is a significant issue for travellers. Travellers in Singapore don’t need to worry about it, though, since our city has a wide variety of trustworthy, regulated money changer locations that give competitive money exchange rates for the majority of currencies.

These authorized money changers are dispersed countrywide, from commercial centres to the Changi Airport. You can use a service at the airport or the hotel where you are staying for your convenience. The Arcade in Raffles Place, Lucky Plaza on Orchard Road, Mustafa Centre in Little India, People’s Park Complex in Chinatown, and Parkway Parade in Marine Parade are some of Singapore’s most famous money changers centres, where you may find the best prices.

The hubs indicated above are popular tourist destinations in Singapore and are easily reachable by public transportation, making it quite simple for visitors to convert money there. Finally, keep in mind that you should haggle for better exchange rates.

Best Money Changers in Singapore

1

Thin Margin

Licensed by the Monetary Authority of Singapore (MAS)

The Monetary Authority of Singapore has granted a license to Thin Margin, Singapore’s first 24-hour online money changer (MAS). Although they prefer not to, they must tell you the cliched tale of how their firm was born out of frustration. since it is accurate.

Even though there are numerous cashless solutions accessible today, cash is still the most dependable and cost-effective method of sending money abroad. Obtaining foreign currency was a difficult task even though they worked in the central business district (CBD), where there are several money changers.

Highlights:

• Regulated by MAS
• Segregation of Funds
• PDPA Compliant

Fuss-free online and offline experience. No need to queue, rates are very competitive, and delivery was super fast although it depends on the slots available and your chosen slot. Ordered last night around 11pm, got confirmation this morning at 7am (yes, they did mention on their site that after-hours orders may take a few hours to be confirmed, so please be aware and do not panic – Money Changers need to sleep too) and currency was delivered around 11am. – Ellaine Low

2

Mustafa’s Foreign Exchange

Since its founding, Mustafa’s Foreign Exchange has had significant development. The first store, which sold ready-made clothing, opened in Little India’s Campbell Lane in 1971. At Serangoon Road, a 900-square-foot shop was rented in 1973. Its product line was expanded to include electronic items.

Highlights:

• Most reliable and well-known one is Mustafa Foreign Exchange
• Best budget shopping places

Very good exchange rates. The Japanese yen’s rate is only 1% different from the market price. The exchange across the street is better than Mustafa but I can more trust Mustafa than that. – Matsukura Yuki

3

Arcade Money Changers

For all of your money-changing transactions, AMC, which has been in the business since 1979, has gained your confidence and dependability. They provide the most varied selection of currencies and fluctuating money exchange rates.

Highlights:

• Exchange rates are displayed on electronic boards
• The staff at most of the changes have excellent communication skills to ensure smooth transactions
• Located at Raffles Place, the business center in Singapore, The Arcade has a large number of reputable money changers that offer competitive rates for various currencies

Prompt and friendly staff! Gave me the better rate (for that day) when I showed up although I booked online earlier, which they needn’t have to, really! – Fathima Hafila Ali

4

Emerald Money Changer

For individuals residing close to the Chinatown and Outram Park MRT stations, Emerald Money Changer at People’s Park Complex, an aging structure in the center of Singapore’s Chinatown, provides excellent chances. The People’s Park Complex building is home to several money exchangers, allowing customers to check exchange rates amongst businesses before using any services.

Highlights:

• Helpful and patient staff

No reviews yet as of this writing

5

12 Hrs Money Exchanger

Supplier of currency exchange services. We won’t misrepresent ourselves as the greatest in town. However, I can tell you that the service will be excellent and the prices will be fair. By reducing our profit and preventing you from visiting other stores, large sums and rates will be adjusted. We are the service sector. We are here to better serve you.

Highlights:

• Currency Exchange Service Provider
• Service is going to be the best in town with reasonable rates

3%-6% spread in rates. I felt it was really not that bad. But my local friend told me it’s slightly high. For me compared to back home which is easily 20%-30% spread on top of having a commission, this is way better. – Stacy Joyce

In conclusion, Singapore offers a variety of options for money changers, including banks, booths, and ATMs. It is a good idea to compare costs and prices from many vendors before making a purchase. It’s essential to exercise caution and research the reputation of the service in order to avoid fraud or scams. If visitors to Singapore do their research and are well-prepared, they may convert the money easily and conveniently.

Do check out our list of Health Insurance and have time to check their services.

The Finest Money Exchange Centre in Singapore

We curated the top Money Changer in Singapore. Check out their services and let us know if they serve you the best way possible.

Product Currency: SGD

Product Price: 100-500

Product In-Stock: InStock

Editor's Rating:
4.5