5 Best Centres to Exchange Money in Singapore

  • 5 Best Centres to Exchange Money in Singapore

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 superior 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 the Singapore’s most reputable money changing hubs. 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 commodious for travelers to do the exchange.

And bear in mind that bargain should be done to get better exchange rates.

See also: The 5 Best Money Changers in Bangkok

LOCATION MAP

1. Money Changers at The Arcade at Raffles Place

  • Money Changers at The Arcade at Raffles Place Image: Money Changers at The Arcade
  • Address

    11 Collyer Quay, Singapore 049317

  • Phone
    (65) 6223 0753

Quick facts

  • 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.

BEST RATES FOR:

  • USD
  • EUR
  • GBP
  • JPY
  • THB
  • MYR
  • TWD

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)

2. Money Changers at Lucky Plaza

  • Money Changers at Lucky Plaza Image: Money Changers at Lucky Plaza
  • Address

    304 Orchard Road, Singapore 238863

  • Phone
    (65) 6887 5110

Quick facts

  • Located on Orchard Road - the shopping belt of Singapore, money changers at Lucky Plaza are the most convenient choices for tourists who are around Orchard area.

  • There are no electronic display boards for showing exchange rates, but customers can get any desired information through very helpful and patient staff at every money exchange booth in the building.

BEST RATES FOR:

  • PHP
  • THB
  • MYR

RECOMMENDED MONEY CHANGERS:
1. Rabi Trading

  • Being the destination for crew members to exchange money due to good services and 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 – 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 involving in a service.

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

  • Money Changers at Mustafa Centre Image: Mustafa Foreign Exchange
  • Address

    145 Syed Alwi Road, Mustafa Centre, Singapore 207704

  • Phone
    (65) 6292 9252
  • Opening hours

    24/7

Quick facts

  • There are a number of money changers at Mustafa Centre, but the most reliable and famous one is Mustafa Foreign Exchange.

  • Open 24/7, Mustafa Foreign Exchange is the only place in Singapore that offer money exchange service both day and night.

BEST RATES FOR:

  • INR
  • IDR
  • RMB
  • MYR
  • CNY
  • HKD
  • PHP

NOTES:

  • You can bargain to get the 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 People’s Park Complex Chinatown

  • Money Changers at People’s Park Complex Chinatown Image: Emerald Money Changer
  • Address

    1 Park Road, Singapore 059108

Quick facts

  • People’s Park Complex - an old building in the heart of Singapore’s Chinatown, is one of the most popular and convenient places to exchange money in our city.

  • The building has a number of money changers that enable people to compare exchange rates from shop to shop before engaging a service.

BEST RATES FOR:

  • CNY
  • PHP
  • THB
  • MYR
  • HKD

RECOMMENDED MONEY CHANGERS:
1. Crante Money Changer

  • 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: Mon – Sun 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)

5. Money Changers at Parkway Parade

  • Money Changers at Parkway Parade
  • 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 available at level 1 of Parkway Parade shopping centre, a six-storey building with approximately 300 shops.

  • These money changers are very feasible for those who are nearby East Coast Park or Katong area.

BEST RATES FOR:

  • THB
  • USD
  • MYR
  • JPY
  • HKD

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 – Sat 10:00 – 21:00, Sun 11:00 – 20:00

TIP: It is better to compare rates between money changer shops before engaging a service.

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)

 

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