13 best money changers in Singapore for good exchange rates
| Money changer | Area | Best currencies to change |
|---|---|---|
| The Arcade | Raffles Place | EUR, GBP, JPY, MYR, THB, TWD, USD |
| Mustafa Foreign Exchange | Little India | CNY, HKD, IDR, INR, MYR, PHP, RMB |
| People’s Park Complex | Chinatown | CNY, HKD, MYR, PHP, THB |
| Lucky Plaza | Orchard | MYR, PHP, THB |
Contents
Where is the best exchange rate in Singapore?
But for the best rates, make your way to one of 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.
Where can you usually find the best currency exchange rate?
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.
Is it better to exchange money in Singapore?
That’s because money changers in Singapore and overseas always maintain a margin in their offered rates, and hence the exchange rates listed on Google are mostly better.
Where can I change my SGD to USD?
13 best money changers in Singapore for good exchange rates
| Money changer | Area | Best currencies to change |
|---|---|---|
| The Arcade | Raffles Place | EUR, GBP, JPY, MYR, THB, TWD, USD |
| Mustafa Foreign Exchange | Little India | CNY, HKD, IDR, INR, MYR, PHP, RMB |
| People’s Park Complex | Chinatown | CNY, HKD, MYR, PHP, THB |
| Lucky Plaza | Orchard | MYR, PHP, THB |
What’s the best day to exchange money?
For many currencies, between 3 and 4 p.m. GMT, the close of the U.K. time zone, is the most liquid time of day. Overall, though, the most liquid day of the week is Friday – but 44% of the time, it’s also the most volatile.
What banks will exchange foreign currency?
Currency Exchange at Banks
| Banks | Details |
|---|---|
| Citigroup | no fee offers online ordering $5 fee (except for CitiGold and Citi Priority Account Package) free delivery to branch |
| PNC | no fee must exchange at branch |
| TD Bank | no fee must exchange at branch |
| U.S. Bank | redirects to Travelex, a foreign-exchange provider |
Can I exchange money at the Post Office?
Unused currency can be exchanged for sterling at selected Post Office branches. You may need to produce your original Post Office receipt. Please click here to find your nearest branch.
Does the Post Office do currency exchange?
If you choose to buy your foreign currency in a Post Office branch, the exchange rate will vary depending on your location.This means that the very best way to get your foreign currency from the Post Office Travel Money service, is to order the currency you need online for either collection or home delivery.
Which bank gives the best forex rates?
Banks giving the best money exchange rates to India
- ICICI – Money2India. ICICI Bank offers the Money2India facility for transferring money to more than 100 banks in India from USA.
- SBI Express Remit.
- HDFC Bank – Quick Remit.
- Axis Remit.
- Click2Remit.
- BarodaRemitXpress.
- IndRemit.
- IndusFastRemit.
How do you become a money changer?
Eligibility to obtain FFMC License
- The Entity that wishes to apply for a Full Fledged Money Changer License must be registered under the Companies Act of 2013.
- The Entity must have a minimum net-owned fund of INR 25 Lakhs in order to apply for a single-branch license and INR 50 Lakhs for a multiple-branch license.
Is thin margin reliable?
Is my money safe with you? Absolutely!We are regulated in Singapore by the Monetary Authority of Singapore (MAS) as a money-changing business and by the Singapore Tourism Board (STB) as a travel agent. Thin Margin also graduated from the MAS Fintech Regulatory Sandbox to operate Singapore’s first online money-changer.
How can I get cheap dollars?
If you’re on a mission to save money, here are the cheapest ways to purchase foreign currency.
- Stop by Your Local Bank. Many banks and credit unions sell foreign currency.
- Visit an ATM.
- Consider Getting Traveler’s Checks.
- Buy Currency at Your Foreign Bank Branch.
- Order Currency Online.
Do money changers accept credit?
Bring at least a MasterCard and a Visa, in case one is not accepted. The tricky part is the foreign transaction fee. With most credit cards, this is usually around 2.2 to 2.7 per cent.Note that the interest rate on a cash advance may also be higher, around 26 per cent per annum.
Where can I exchange euros in Singapore?
Recommended List of Reputable Money Changers
- Arcade Money Changers at Raffles Place. The Arcade Money Changers at Raffles Place is located at 11 Collyer Quay, Singapore 049317.
- Money Changers at Lucky Plaza.
- Mustafa Foreign Exchange Money Changer.
- Money Changers at People’s Park Complex.
- Money Changers at Parkway Parade.
Is it better to change ringgit in Singapore or Malaysia?
When the “official” exchange rate from SGD to MYR rises or is better than a week ago, go over the border and exchange your money in Malaysia.Thus, exchanging currency in Malaysia will have better rate than exchanging in Singapore in this case.
How often do currency rates change?
Currencies are traded around the clock – 24 hours per day. Even though trading hours vary – the morning in Tokyo occurs during U.S. nighttime – trade and banking continue around the world. Therefore, as banks around the world buy and sell currencies, the value of currencies remain in fluctuation.
Will SGD to MYR increase?
SGD/MYR rate equal to 3.087 at 2021-12-01 (today’s range: 3.071 – 3.088). Based on our forecasts, a long-term increase is expected, the Forex rate prognosis for 2026-11-28 is 3.212. With a 5-year investment, the revenue is expected to be around +4.06%. Your current $100 investment may be up to $104.06 in 2026.
Where can you exchange currency for free?
Correct! Banks and credit unions generally offer the best exchange rates, and many won’t charge extra fees to exchange currency.
Can I exchange currency at a bank?
Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.If you need amounts of $1,000 or more, most banks require you to pick up the currency in person at a branch.
Is it better to exchange currency at home or abroad?
The rule is simple: the more common the currency is, the cheaper it will be.This means that you might end up not being able to buy the foreign currency and it might be safer to exchange your money before you arrive at your destination.
