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Best money changers in Singapore

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 22 Mar 2022  

 

Singapore Money Changers

From the historical roots of its colonial past to its status as a leading high-tech city of the future, Singapore has become one of the most popular destinations in the world for foreign travellers. Millions of visitors arrive annually with a heightened enthusiasm to experience the Lion City's museums, attractions, food culture, and shopping options.

To make the most out of your currency, you’ll want to find a currency exchanger near you with the best exchange rates. In this handy guide, you’ll find valuable tips and a list of the best money changers in Singapore for a fuss-free holiday.

 

Money Changers in Singapore

 

A Portrait of Singapore

Singapore’s official currency is the Singapore Dollar (SGD). The current circulation of notes are known as the Portrait Series and were first circulated in 1999. The portrait theme was chosen to honour national figures who have made significant contributions to Singapore. The late Encik Yusof bin Ishak, Singapore’s first President, was chosen as tribute to his early efforts to foster multiculturalism in Singapore.

Detailed illustrations of everyday life in Singapore were also featured to complement the Portrait Series’ aesthetics. In the Portrait Series, the imagery centres around cornerstones of the Singaporean life: the arts, technology, education, sports and the judicial system.

 

Money Changers in Singapore

 

Currency Exchange 101

The volatility of exchange rates can be overwhelming when changing foreign currency. Here are a few quick tips that will help make things easier the next time you’re at the exchange service counter.

In general, when travelling, a higher exchange rate yields more when exchanging your local currency for SGD. When you return country home, a lower exchange rate is better as you’ll receive more money when exchanging leftover SGD back into your own currency.

 

Money Changers in Singapore

 

Time is Money

Knowing when to exchange your currency is as important as where you exchange currency, and the exchange rates themselves. It ultimately depends on your itinerary and travel plans.

If you are planning to spend a relatively short time in Singapore, it might be worth waiting until you arrive to scope out from local money changers and compare rates. If you‘re staying longer and have a detailed plan once you check in to your hotel, getting some SGD before arrival may be more efficient.

 

Money Changers in Singapore

 

Best Currency Changers in Singapore

 

Far East Exchange

Far East Exchange is an established money changer that offers competitive currency exchange rates. With a variety of popular currencies at their disposal, the friendly staff will inform you of the current exchange rates and any additional fees, making all transactions a breeze.

For added convenience, their two outlets are located at The Shoppes, Marina Bay Sands. This vast shopping spectacle comprises over 270 premium stores across 800,000 square feet of countless retail and dining options. With your SGD in hand, prepare to immerse yourself in a new dimension of luxury at Marina Bay Sands.

Far East Exchange is located at L1-06, The Shoppes at Marina Bay Sands.

Operating Hours
Daily: 11am – 10pm

 

Discover the best stores, boutiques, places to eat, and entertainment options with our Shopping Guide to Singapore. Become a Sands Rewards member for free to earn and redeem instant Reward Dollars when you stay, shop, or dine at Marina Bay Sands.

 

The Shoppes

 

The Arcade

Nestled in the heart of the central business district (CBD), The Arcade at Raffles Place is one of the city's most frequently visited currency exchange spots. With over twenty different arcade money changers to choose from, you’ll be spoilt for choice with favourable exchange rate. Most of them utilise LED boards for you to check the latest exchange rates and compare across different money changers.

The convenient location does mean that you may run into some queues, but the efficiency of the experienced staff means that service is fast, so you won't be waiting too long. Otherwise, you can dodge the crowd by avoiding the lunchtime period.

The Arcade is located at 11 Collyer Quay, Raffles Place.

Operating Hours
Mon to Fri: 10am – 7.30pm
Sat: 10am – 4.30pm

 

Money Changers at The Arcade

 

Parkway Parade

The Parkway Parade is another well-established option in the Singapore money changer scene. Having served the East Coast residents for over twenty years, you’ll find counters with competitive foreign exchange rates dotted throughout the mall. Be sure to walk around and compare rates before settling on a money changer to seize the best possible exchange rate.

Parkway Parade is located at 80 Marine Parade Road.

Operating Hours
Mon to Fri: 10am – 10pm

Best rates for: THB, USD, MYR, JPY, HKD

 

Money Changers in Lucky Plaza

 

Lucky Plaza

For a money changer that specialises in exchanging Asian currencies, pay a visit to Lucky Plaza, conveniently located outside Orchard MRT and home to several currency exchange vendors. Unlike the counters at The Arcade, you won’t find as many electronic boards displaying the foreign exchange rates, so you’ll have to roam the ground and flex your bargaining skills for the best rate.

Lucky Plaza is located at 304 Orchard Road.

Operating Hours
Daily: 10am – 7pm

Best rates for: PHP, THB, MYR

 

Money Changers in Singapore

 

Mustafa Centre

On occasions where you find yourself scrambling to exchange currency, you’ll be grateful for Mustafa Centre, located in Little India. This one-stop shop is ideal for switching money outside of business hours as it’s open 24/7.

Their exchange rates are some of the most competitive around, especially if you are exchanging between Asian currencies. After exchanging your money in Little India, refer to our Shopping guide to Singapore to get a head start on some of the sites and attractions around the vicinity.

Mustafa Centre is located at 145 Syed Alwi Road, Mustafa Centre, Little India.  

Operating Hours
Daily: Open 24/7

Best rates for: IND, IDR, RMB, MYR, CNY, HKD, PHP

 

Money Changers in Chinatown

 

People’s Park Complex

Chinatown was home to the first Chinese immigrants in Singapore. It is an integral part of Singapore’s multicultural heritage, and has found its place in locals’ hearts as a vibrant neighbourhood that houses enchanting temples, trendy bars, and a shopping and dining haven. While the flurry of attractions and sightseeing spots can be overwhelming, you can start with the numerous money changers in this area.

Chinatown boasts over twenty money changing counters to ensure you have enough cash. With local vendors and varying exchange rates, be bold about haggling to score yourself a good rate. Check out exciting attractions in Chinatown with our Top Things to do in Singapore Guide, or find the best spots for Chinese cuisine with this Guide to Singapore Food.

People’s Park Complex is located at 1 Park Road, Chinatown.

Operating Hours
Daily: 9am – 9pm

Best rates for: THB, MYR, HKD, CNY, PHP

 

Money Changers in Singapore

 

With this list of the best money changers in Singapore, you can spend less time worrying and more time planning your adventure in Singapore. Once you’ve got your SGD, check out our indispensable guide of things to do and see in Singapore. Discover the best things to do after dark with our handy guides to Singapore’s electric nightlife.

 

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