Ultimate Guide: Best Money Changer in Singapore (2020)

Ultimate Guide: Best Money Changer in Singapore (2020)

After an unforgettable trip somewhere far away, it is common to feel the “post-vacation blues” and forget to exchange the stack of Euro cash sitting in your wallet. If you’re planning on converting your money to the local currency and you want to earn a little more than what you can get from other money changers, let’s take a look at the list of 8 the best money changers in Singapore (in no particular order).

#1 Arcade Money Changers (AMC)

Arcade Money Changers (AMC) - Loan Agency

Arcade Money Changers is a reliable money changer in Singapore that offers a wide range of currency choices with the best rates. Located in The Arcade near the Raffles Place MRT Station, the Arcade Money Changers is well-known among office workers. Due to that, the place is often packed during peak hours. So, I would suggest that you visit in the morning or after 2 pm

If you’re afraid that the currency that you need is sold out, you can head straight to their website page where you can do an online booking and receive a reply within 30 minutes during business hours. 

Address: Arcade Money Changers

11 Collyer Quay

#01-18 The Arcade

Singapore 049317

Opening hours: Monday to Friday – 9:30 am to 6:30 pm

Saturday – 9:30 am to 2:30 pm

Sunday – Closed

Contact information: +6562212080

#2 Mustafa Foreign Exchange 

Mustafa Foreign Exchange  - Loan Agency

Located in the Mustafa Center, Mustafa Foreign Exchange is one of the few money changers in Singapore that opens its business for 24 hours. So, if you have a last-minute plan for a trip or you merely have no time to stop by during the day, feel free to give them a visit any time of the day, even after a light night supper. 

Address: 145 Syed Alwi Rd, Singapore 200770

Opening hours: 24 hours daily

Contact information: +6562929252

#3 Crante Money Changer

Crante Money Changer - Loan Agency

Located at the entrance of People’s Park Complex, Crante Money Changer is a go-to money changer spot for those seeking to purchase Asian currencies like Renminbi, Chinese Yuan, and Malaysian Ringgit. Well-known for its best rates, the place regularly has long queues on a daily basis. Which is why I suggest that you avoid going there during peak hours as well.

Address: People’s Park Complex, 1 Park Road, #01-K95C, Singapore 059108

Opening hours: 9 am to 9 pm daily

Contact information: +6565325008

#4 Dollar Exchange Pte Ltd

Dollar Exchange Pte Ltd - Loan Agency

If you are living in the west and want to look for nearer money changer options there’s the Dollar Exchange Pte Ltd on level 1 of Jurong Point. Dollar Exchange offers reasonable exchange rates with multiple currency options. 

Address: Jurong Point, 63 Jurong West Central 3, #01-18, Singapore 648331

Opening hours: 10 am to 9: 30 pm daily

Contact information: +6564384300

#5 Fountain Money Changer

Fountain Money Changer -Loan Agency

Located in Marina Square, Fountain Money Changer offers competitive rates in a wide variety of currencies including Scandinavian Kronors and Russian Rubles on top of commonly available currencies. Similar to other popular money-changers, you will have to expect a long queue if you visit during peak hours. Just in case if you are planning on taking the public transport, the nearest MRT stations to Marina Square are the Esplanade Station and City Hall Station MRT stations.

Address: 6 Raffles Boulevard, # 02-332 Marina Square Shopping Mall, Singapore 039594

Opening hours: 10 am to 8 pm daily

Contact information: +6563378128

#6 Yakadir Money Changer

Yakadir Money Changer - Loan Agency

Yakadir Pte Ltd is an established money changer that is trusted by many. They are located near to the Katong Shopping Center and also has a website page of their own. Prior to going to their place, it’s best that you go on their website first to check on the competitive rates they are offering. 

Address: 80 Marine Parade Rd, 01-91, Singapore 449269

Opening hours: 10:15 am to 8:45 pm daily

Contact information: +6563449652

#7 A.R. Money Changer

A.R. Money Changer - Loan Agency

Aside from its long queues and good rates, A.R. money changer is well-known for its unique system that is highly convenient for the customers. Once you arrive, there are counters for submitting your order and another to collect the money. Usually packed with people due to its good rates for Malaysian Ringgit, this place is a go-to if you often travel to Malaysia. 

Address: 9 Bishan Pl, #01-K10 Junction 8, Singapore 579837

Opening hours: Monday to Saturday – 10:30 am to 9 pm

Sunday – 11 am to 9 pm

Contact information: +6562505183

#8 Thin Margin

Thin Margin - Loan Agency

Thin Margin is Singapore’s first 24/7 online money-changer. They run their business solely online to cater to those who would like to avoid the sticky process you usually have to go through at a typical money changer. What you simply need to do to use their service is by firstly making your order on their website, choose the date and time you would like them to deliver the cash, and pay through online banking. In the case of the rates they offer, they claimed it to be similar to the money changers in Raffles Place, but better and with the bonus of a delivery.

Website: thinmargin.com

Contact information: Email hello@thinmargin.com

Call +6569049930

Whatsapp +6598347128

Conclusion

There isn’t really an ultimate say on which money changer is the best in Singapore since currencies are dynamic in nature and the rates offered sometimes can be pretty similar from a money changer to another. But whatever it is, make sure they fully authorised and licensed by Monetary Authority of Singapore.

If you’re looking for some extra cash to buy a house or pay the bills, go on A1Credit for more information on the loans you can apply for.

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