To travelers, money exchange does matter. But it is not the matter with travelers in Singapore since our city provides a myriad of reliable licensed money changers, which offer excellent exchange rates for most currencies.
Those registered money changers spread from Changi Airport to any shopping malls nationwide. For your convenience, you can engage a service at the airport or the hotel you stay at. But for the best rates, make your way to one of Singapore’s most reputable money-changing hubs [updated 2022]. They 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 Singapore’s tourist attractions, easily accessible by public transport. So it is very convenient for travelers to do the exchange.
And bear in mind that a bargain should be done to get better exchange rates.
See also: The 5 Best Money Changers in Bangkok
- Located at Raffles Place – the business centre in Singapore, The Arcade has a large number of good money changers, which supplies good rates for various currencies.
- The exchange rates are shown on electronic display boards.
- Staff at most of the changers have good communication skills to serve smooth deals.
RECOMMENDED MONEY CHANGERS:
1. Sheen International Exchange
- 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 more than three-decade trustworthy money changer for locals traveling abroad and for 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
- 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: As there are a myriad of money changers in the building, rate comparing should be done before engaging a service.
HOW TO GET THERE:
- Nearest MRT Station: Raffles Place MRT (EW14) and (NS26) (Walking 1 mins 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)