Ultimate Guide: Best Money Changer Singapore (2020)

Ultimate Guide: Best Money Changer Singapore (2020)

After an unforgettable trip somewhere far away, it is common to feel “post-vacation blues” and neglect 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, take a look at the list of 8 the best money changers in Singapore (in no particular order).

#1 Arcade Money Changers (AMC)

Many people at Arcade Money Changers

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 Raffles Place MRT Station, this money changer is well-known among office workers. Because of that, the place is often packed during peak hours so it is suggested that one plans a visit in the morning or after 2 pm.

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

You can trust The Arcade’s Forex services because they’ve been at it for 40 years. They can offer their well-known low exchange rates to customers because they buy currencies in bulk.

Furthermore, upon confirming your currency order, the exchange rate during the time is preserved until the next working day.

Address: 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 

Long queues Mustafa Foreign Exchange

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 had no time to stop by during the day, feel free to give them a visit any time of the day, even after a late night supper.

The best thing about Mustafa Forex – if you notice a slight but profit-maximizing change in the current exchange rates, you can take advantage of the situation to make more profits. Every foreign  exchange rate broker knows that the money’s’ exchange rates keep on moving because it takes no weekends.

Furthermore, Mustafa Forex buys its currencies by the bulk. In doing this, Mustafa can offer the lowest rate exchange when it comes to purchasing foreign currencies too.

Address: 145 Syed Alwi Rd, Singapore 200770

Opening hours: 24 hours daily

Contact information: +6562929252

 

#3 Crante Money Changer

Long queues at Crante Money Changer

Located at the entrance of People’s Park Complex, Crante Money Changer is a go-to forex spot for those seeking to purchase Asian currencies like Renminbi, Chinese Yuan, and Malaysian Ringgit. Well-known for its best exchange rate, the place regularly has long queues on a daily basis. it is suggested that you avoid going there during peak hours as well since there will be other office workers planning on exchanging their money for other currencies during that period.

Many Singaporeans and foreigners highly recommend Crante because of their fair exchange rates. Unfortunately, when you get to its physical location, you might find it processing a long queue. You might also grow queasy because of the durian pancake shop right next to the money changer.

The currency changer is transparent and offers prices as close to the daily forecasts as possible. People’s Park Complex, its office, makes it easy to reach Crante from almost anywhere in Singapore too.

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

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 with excellent exchange rates.

With over two decades of experience in the industry, it’s not farfetched that Dollar Exchange PTE LTD is one of Singapore’s highly-renowned remittance and money changer services. As always, the decades of experience of a moneychanger always reflects on the quality of service customers receive.

Dollar Exchange features both remittance and money changer services at low rates. The higher the currency you exchange, the better the rates you’ll receive.

Conveniently, its website allows you to exchange currencies conveniently, giving you a clue on the amount of money you’ll receive before you even use their services. It’s an excellent approach to help you save on your commuting fees too.  In fact, this feature is greatly helpful for foreign workers sending money to their families abroad.

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

Long queues at Fountain Money Changer

Located in Marina Square, Fountain Money Changer offers competitive rates in a wide variety of currencies including Scandinavian Krones 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.

Established for two decades and still providing top-quality services, Fountain Money Changer is well-known for its wide variety of currencies. The money changer purchases them in bulk, allowing customers to receive its best exchange rates at any time of day.

The money changer’s staff are all polite and are fully transparent when it comes to their rates and other services. When you compare their rates to other money changers nearby or in other areas, they charge the least amount of service fee even for the foreigner currencies and exchange rates they carry.

Fountain Money Changer is one reason Marina Square is the best commercial establishment for many foreigners. Conveniently having a money changer with world-class service makes it easy to shop around even when they just arrived from the local airport.

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

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.

This renowned money changer is well-known for its regulated and transparent practices and fare rates. Yakadir has been exchanging money since 1981. Their decades of experience show how much and how well they’ve improved their money-lending services. In addition, they provide excellent remittance services with rates that the MAS authorizes and regulates.

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

Long queues at A.R. Money Changer

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.

While they offer some of the best rates, A.R. Money Exchange is often haunted by long queues and only three counters serving these lines. However, their processing is orderly, and they frequently update their currency prices regularly too. The rates they offer are surely worth your wait.

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

Men

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.

In addition, you can pay using their online facilities securely too. You won’t need to withdraw money from the ATM — just head directly to their website and use your credit cards. Don’t worry, their payment facilities are fully secure as well. And, you can lock-in the daily rates too.

Rate Alert is one of the best and most notable features that Thin Margin provides its customers. Just like a daily newsletter, you can learn all about a currency’s exchange rate changes daily or weekly. In fact, it can alert you of any dips or heights once the figures reach your indicated exchange rate too!

Thin Margin allows you to receive money exchange straight into your foreign currency bank account if you have one.

Website: thinmargin.com

Contact information:

Email hello@thinmargin.com

Call +6569049930

Whatsapp +6598347128

 

Other Notable Money Changers

  • Lucky Plaza Also has low rate money changers with excellent money changing rates
  • Parkway Parade – Has a dedicated forex center that provides excellent money change rates for foreign money.
  • Rabi Trading – Has a great supply of foreign money with an exceptional exchange rate daily.
  • Europe Fancy Store – In-house money change center provides excellent foreign money rates in Singapore.

 

Conclusion

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

Alternatively, if you lack the money to buy forex, you can use A1 Credit Solutions fast-money loan service. If you’re looking to invest in forex, A1 Credit Solutions has the best rates. Additionally, 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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