5 Centres to Exchange Money in Singapore 2024: Best Rates!

Best Money Changers Singapore
Best Money Changers Singapore

To travelers, money exchange is an important matter. However, it is not a concern for travelers in Singapore since our city provides a plethora of reliable licensed money changers that offer excellent exchange rates for most currencies.

These registered money changers are spread from Changi Airport to various shopping malls nationwide. For your convenience, you can engage a service at the airport or the hotel where you are staying. However, for the best rates, make your way to one of Singapore’s most reputable money-changing hubs, which are

  • 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.

The above-mentioned hubs are also well-known as tourist attractions in Singapore and easily accessible by public transport, making it very convenient for travelers to exchange currency.

Lastly, remember that you should bargain to get better exchange rates.

See also: The 5 Best Money Changers in Bangkok

1. Money Changers at The Arcade at Raffles Place

Image: Money Changers at The Arcade
  • Best for
    • INR
    • IDR
    • RMB
    • MYR
    • CNY
    • HKD
    • PHP
  • Address
    11 Collyer Quay, Singapore 049317
  • Phone
    +65 6223 0753
  • Quick facts

    • 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.
    • Exchange rates are displayed on electronic boards
    • The staff at most of the changers have excellent communication skills to ensure smooth transactions.

    RECOMMENDED MONEY CHANGERS:
    1. Sheen International Exchange

    • A good place to exchange JPY, GBP, and other currencies
    • Call (65) 6222 2041 for daily rates
    • Located at 11 Collyer Quay #02-04 The Arcade

    2. Arcade Plaza Traders Pte Ltd

    • A trustworthy money changer for more than three decades, catering to both locals traveling abroad and tourists visiting Singapore.
    • A good place for trading USD, EUR, GBP, and some Asian currencies
    • Call (65) 6227 7660 to check the daily rates
    • Located at 11 Collyer Quay #02-03 The Arcade

    3. Arcade Money Changers

    • Located at 11 Collyer Quay #01-18 The Arcade
    • Tel: (65) 6223 0753 / 6220 7241 / 6221 2080
    • Opening hours: Mon – Fri 9:00 18:30, Sat 9:00 to 15:00, Sun/PH: Closed

    4. People’s Corner Money Changer

    • Good rates for TWD, NZD, and GBP
    • Located at 11 Collyer Quay #02-07 The Arcade
    • Tel: (65) 6223 3040

    5. Hassan & Sons Exchange

    • A good place to exchange JPY, TWD, and THB
    • Call (65) 6535 8742 to check the updated rates
    • Located at 11 Collyer Quay #02-05 The Arcade
    • Opening hours: Mon to Fri 10:00 – 19:30, Sat 10:00 – 16:30

    TIP:  Since there are numerous money changers in the building, it is advisable to compare rates before engaging in any services.

    HOW TO GET THERE:

    • Nearest MRT Station: Raffles Place MRT (EW14) and (NS26) (Walking 1 min from Exit C here)
    • Bus lines: 10, 10E, 57, 70, 75, 100, 107, 128, 130, 131, 162, 167, 196, and 19 (Walking 2 mins from bus stop B03019)

    2. Money Changers at Lucky Plaza

    Money Changers at Lucky Plaza
    Money Changers at Lucky Plaza
    Image: Money Changers at Lucky Plaza
  • Best for
    • PHP
    • THB
    • MYR
  • Address
    304 Orchard Road, Singapore 238863
  • Phone
    +65 6887 5110
  • Quick facts

    • Located on Orchard Road, the shopping belt of Singapore, the money changers at Lucky Plaza are the most convenient choice for tourists who are in the Orchard area.
    • Although there are no electronic display boards showing exchange rates, customers can obtain any desired information through the helpful and patient staff at every money exchange booth in the building.

    RECOMMENDED MONEY CHANGERS:
    1. Rabi Trading

    • The destination for crew members to exchange money due to the excellent services and competitive exchange rates.
    • Located at Lucky Plaza #01 – 37, 304 Orchard Road
    • Tel: (65) 6738 5268
    • Opening hours: Mon to Sun: 09:00 – 19:00

    2. Rahiman Trading

    • Best rates for USD, SGD
    • To check updated rates, visit its website at http://rahiman-forex.webs.com/
    • Tel: (65) 6235 7206
    • Located at Lucky Plaza B1-10, 304 Orchard Road
    • Opening hours: Daily from 10:30 to 20:30

    3. Fajar Money Changer

    • Good services
    • Call (65) 6235 0989 for updated rates
    • Located at Lucky Plaza #01-82, 304 Orchard Road
    • Opening hours: Daily 10:30 – 19:30

    4. True Blue Money Changer

    • Services include money exchange, tailoring, and clothes selling
    • Located at Lucky Plaza #01-14, 304 Orchard Road
    • Tel: (65) 6732 6361
    • Opening hours: Daily from 10:00 – 21:00

    5. Europe Fancy Store

    • Good services
    • Located at Lucky Plaza #B1-141, 304 Orchard Road
    • Tel: (65) 6733 3252
    • Opening hours: Mon to Fri 10:00 – 20:30, Sat 13:00 – 18:00, Sun 09:30 – 18:30

    TIP: It is recommended to compare rates between money changer shops before engaging in any services.

    HOW TO GET THERE:

    • Nearest MRT Station: Orchard MRT (NS 22), (Walking 2 mins from Exit D)
    • Bus lines: 7, 14E, 16, 65, 106, 111, 123, 175, 502 (Walking 2 mins from bus stop B09048)

    3. Money Changers at Mustafa Centre

    Image: Mustafa Foreign Exchange
  • Best for
    • INR
    • IDR
    • RMB
    • MYR
    • CNY
    • HKD
    • PHP
  • Address
    145 Syed Alwi Road, Mustafa Centre, Singapore 207704
  • Phone
    +65 6292 9252
  • Opening hours
    24/7
  • Quick facts

    • The forex shops at Mustafa Centre, one of the best budget shopping places in Singapore, offer great opportunities for those staying in the Little India and Bugis areas.
    • Although there are several money changers at Mustafa Centre, the most reliable and well-known one is Mustafa Foreign Exchange
    • Open 24/7, Mustafa Foreign Exchange is the only place in Singapore that offers money exchange services both day and night.

    NOTES:

    • You can bargain to get better rates.
    • Traveler’s cheques are not accepted.

    HOW TO GET THERE:

    • Nearest MRT Station: Farrer Park MRT, (Walking 3 mins from Exit G)
    • Bus lines: 21, 125, and 130 (Walking 4 mins from bus stop B07231)

    4. Money Changers at Parkway Parade

  • Best for
    • THB
    • USD
    • MYR
    • JPY
    • HKD
  • Address
    80 Marine Parade Road, Singapore 449269
  • Phone
    +65 6344 1242
  • Opening hours
    Daily 10:00 - 22:00
  • Quick facts

    • Most of the recommended money changers are located on level 1 of the Parkway Parade shopping centre, a six-storey building with approximately 300 shops.
    • These money changers are very convenient for those who are in the vicinity of East Coast Park or the Katong area.

    RECOMMENDED MONEY CHANGERS:
    1. Yakadir Enterprises

    • Services include money changing and remittance
    • Traveler’s cheques are accepted
    • Located at Marine Parade Rd 80 #01-17 Parkway Parade
    • Tel: (65) 6344 9652 / 6344 9716
    • Open hours: Daily from 10:00 – 21:00

    2. Parkway Money Changer

    • Located at Marine Parade Rd #01-14 Parkway Parade
    • Tel: (65) 6345 2673
    • Opening hours: Daily from 09:00 – 21:00

    3. Everpeace Money Changer

    • Money changing and remittance
    • Located at Marine Parade Rd # 01 – 15/16 Parkway Parade
    • Tel: (65) 6440 2553
    • Opening hours: Daily from 09:00 – 21:00

    4. Sino Money Changer

    • Money changing and remittance
    • Located at Marine Parade Rd # 01 – 01 Parkway Parade
    • Tel: (65) 6344 1064
    • Opening hours: Mon to Sat 10:00 – 21:00, Sun 11:00 – 20:00

    TIP: It is better to compare rates between money changer shops before engaging in any services.

    NOTES:

    • Updated rates can be checked via phone.
    • Bargaining is encouraged.

    HOW TO GET THERE:

    • Nearest MRT Station: Dakota MRT (CC8) (Walking 30 mins from Exit A)
    • Bus lines: 15, 31, 36, 43, 76, 135, 196, 196E, 197, 853#, and 966 (Walking 2 mins from bus stop B92041)

     

    5. Money Changers at People’s Park Complex Chinatown

    Image: Emerald Money Changer
  • Best for
    • CNY
    • PHP
    • THB
    • MYR
    • HKD
  • Address
    1 Park Road, Singapore 059108
  • Quick facts

    • The forex shops at People’s Park Complex, an old building in the heart of Singapore’s Chinatown, offer great opportunities for those staying around the Chinatown and Outram Park MRT stations.
    • There are plenty of money changers nestled in the People’s Park Complex building, which enables people to compare exchange rates from shop to shop before engaging in any services.

    RECOMMENDED MONEY CHANGERS:
    1. Crante Money Changer

    • It can be easily recognized by the long queue and the durian pancake shop next to it
    • Located at 1 Park Road #01-28 People’s Park Complex
    • Tel: (65) 6532 5929
    • Opening hours: 09:00 – 21:00

    2. Today’s Money Exchange

    • Located at 1 Park Road #01-03 People’s Park Complex
    • Tel: (65) 6222 5844

    3. Emerald Money Changer

    • Located at 1 Park Road #01-61 People’s Park Complex
    • Tel: (65) 6438 7897

    4. AK Money Changer & Department Store

    • Located at 1 Park Road #01-K95C People’s Park Complex
    • Tel: (65) 6557 0487
    • Opening hours: Daily 09:30 – 22:00

    NOTES:

    • Bargaining is acceptable.
    • Watch out for pickpockets
    • Ask the exchange rates before showing your money

    HOW TO GET THERE:

    • Nearest MRT station: Chinatown MRT (NE4), (exit C)
    • Bus lines: 2, 12, 33, 61, 63, 80, 143, 197, 961, 961#, 970, CT18, CT28, and CT (Walking 1 minute from bus stop B05013)

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