So, you’re all set to embark on your long-awaited trip. Flights and accommodation—booked. Travel itinerary—planned. Suitcase—packed. Travel insurance—checked. There’s just the final step of changing money.
While multi-currency apps and wallets have taken off in recent years, allowing you to conveniently load and exchange currencies with your phone, sometimes cash is still king. After all, you don’t want to be caught out without any cash on hand should your apps or cards suddenly stop working overseas.
So here’s our list of 10 money changers in Singapore to head to for the best rates.
10 Best Places to Change Money in Singapore
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- The Arcade—Best for those who want to choose and/or need less common currencies
- Mustafa Centre—Best for those who need to change money after hours
- Lucky Plaza—Best for those who need Southeast Asian currencies
- People’s Park Complex—Best for those who need Chinese currencies
- Bugis Street Market—Most convenient for those taking the bus to Malaysia
- Boon Lay Shopping Centre—Best for Westies
- Parkway Parade—Best for Easties
- Toa Payoh HDB Hub—Best for Central folks
- Marsiling Mall—Best for Northsiders
- Marina Square—Best for those who are shopping in town
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1. The Arcade—Best for those who want to choose and/or need less common currencies
The Arcade at Raffles Place clinches the number one spot on our list for the sheer number of operators. It’s easy to compare rates by hopping from one money changer to the next as they’re all lined up in a row. Rates are decent but you do need to do your research to get good rates, since they can vary depending on the money changer you visit. Hot tip: see which queue is the longest.
The place is usually packed during lunchtime, so if you don’t want to get stuck in long queues with office workers, try to avoid peak lunch hours. Since it’s located in the CBD, most of the money changers are only open on weekdays, so you might want to plan your trip down beforehand.
You can find common currencies like the British Pound, US Dollar, Euro, Japanese Yen, South Korean Won and Malaysian Ringgit, as well as less common currencies such as Hungarian Florint, Bosnian Convertible Marks, Jordanian Dinar and Egyptian Pound.
The Arcade is located at 11 Collyer Quay, Singapore 049317.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Arcade Plaza Traders | #02-03 | 6227 7660 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| Arcade Money Changers | #01-18 | 6223 0753 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| People’s Corner Money Changer | #02-07 | 6223 3040 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| Fiat Money Changer | #02-37 | 6224 0901 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD, NOK, SEK, DKK, CZK, PLN, RON, BGN, HUF, BAM, ISK, MOP, MMK, LKR, NPR, AED, QAR, SAR, ILS, JOD, EGP, TRY, ZAR, FJD, MAD, MUR, BRL, ARS, MXN, RUB |
2. Mustafa Centre—Best for those who need to change money after hours
If you’re in Little India, Mustafa Foreign Exchange at Mustafa Centre is the place to go. It’s long been a popular place to change money due to its reputation for good exchange rates.
Located on the ground level facing the street, it’s open until 2 am, making it the most convenient choice if you’re out late and urgently need to change money.
Heading to India, Sri Lanka or Bangladesh? Get currencies from those countries here, along with lesser-known ones like the Bahrain Dinar and Mauritian RPS. While there’s another smaller money changer at B2, the main money changer is the one to check out.
Apparently bargaining exchange rates is accepted so you can try your luck at haggling for even better rates during off-peak periods.
Mustafa Centre is located at 145 Syed Alwi Road, Singapore 207704.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Mustafa Foreign Exchange | Level 1 beside Exit 1 | 6295 5855 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, INR, CHF, CAD, Bahrain Dinar, Pakistani Rupee, Sri Lanka Rupee, Jordanian Dinar, South Africa Rand, Danish Kroner, Norwegian Kroner, Bangladesh Taka, Mauritius RPS. |
3. Lucky Plaza—Best for those who need Southeast Asian currencies
Walking around town and needing to change money? There’s Lucky Plaza where you can find Philippine Pesos and other Southeast Asian currencies.
Of course, there are also the usual major currencies like the US Dollar, Australian Dollar, Chinese Renminbi and British Pound. Most of the money changers are located at B1 and Level 1, so head straight there to find some competitive rates.
Rates fluctuate daily so it’s worth noting that the rate offered today might not be the same the next day. Remember to enquire about the rates and compare them carefully among the money changers, as not all have the rates displayed.
Lucky Plaza is located at 304 Orchard Road, Singapore 238863.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Rahiman Trading | #B1-10 | 6235 7206 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, IDR |
| Zelifrasinah Mart Money Changer | #B1-08 | 6824 8644 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD, SAR, TRY, DKK, AED |
| Rabi Trading | #01-37 | 6732 9580 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, GBP, AUD, IDR, PHP, CHF, CAD |
4. People’s Park Complex—Best for those who need Chinese currencies
Located in the heart of Chinatown, it’s no surprise that People’s Park Complex offers competitive rates for Chinese Renminbi and Hong Kong Dollar. You can also find decent rates for other Southeast Asian currencies like the Indonesian Rupiah and Thai Baht.
The money changers mostly operate at Level 1 and some are open until 9 or 10 pm. If you can’t get to the money changers at The Arcade before they close, People’s Park Complex is a nearby centrally located option for your currency exchange needs. As with Lucky Plaza, you can put your bargaining skills to the test.
People’s Park Complex is located at 1 Park Road, Singapore 059108.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Samlit Money Changer Pte Ltd | #01-36 | 6556 0086 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, IDR, PHP |
| Crante Money Changer | #01-28 | 6532 5008 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| AK Money Changer | #01-K95C | 6557 0487 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD |
5. Bugis Street Market—Great for those taking the bus to Malaysia
Heading to Malaysia by coach and in need of some Malaysian Ringgit? Skip the money changers at Bugis Junction and change your dollars and cents at Capital City Trading at Bugis Street Market instead. The rates are usually better and it’s a breeze dropping by there before you board the bus from Queen Street Bus Terminal.
As usual, it carries major currencies and even if you’re not taking the coach, its central location makes it a good choice to change money.
Bugis Street Market is located at 3 New Bugis Street, Singapore 1888867.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Capital City Trading | #01-CYFL | 8624 8644 (WhatsApp only) | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, IDR, PHP, VND, INR, CHF, CAD |
6. Boon Lay Shopping Centre—Best for Westies
Westies can take your pick of the several money changers at Level 1 of Boon Lay Shopping Centre. They carry a variety of major currencies and rates are decent, though nothing to shout about. Some of the money changers also offer overseas money transfer services.
As always, be sure to compare rates and bargain if you’re feeling up to it, to ensure you’ll walk away with the best rates at the point of your visit.
Boon Lay Shopping Centre is located at 221 Boon Lay Place, Singapore 640221.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Dollar Smart Exchange | #01-246 | 6265 1108 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, CHF, CAD |
| All Best Enterprise | #01-116 | 6266 3777 | MYR, USD, THB, TWD, RMB, HKD, JPY, EUR, GBP, AUD, NZD, IDR, PHP, INR |
7. Parkway Parade—Best for Easties
While Parkway Parade might not be the money changer haven it once was, there are still two long-time money changers operating at Level 1. The rates for Malaysian Ringgit, Hong Kong Dollar, Thai Baht and US Dollar are supposedly competitive, so it’s worth hitting up the mall if you live in the area.
If you need rarer currencies, you’re in luck as Yakadir Money Changer & Remittances carries a few including Papua New Guinea Kina and Saudi Riyal. It’s open daily from 10.15 am to 6.30 pm.
Parkway Parade is located at 80 Marine Parade Road, Singapore 449269.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Yakadir Enterprises | #01-16B | 6344 9652 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, CHF, CAD, Turkish Lira, UAE Dirham, Saudi Riyal, Papua New Guinea Kina |
8. Toa Payoh HDB Hub—Best for Central folks
Situated at the Toa Payoh bus interchange and MRT station, Toa Payoh HDB Hub houses several money changers known for their competitive rates, especially for the Malaysian Ringgit.
If you’re a frequent JB daytripper or regularly spend your weekends there, you’re in luck. Take advantage of the competition among the money changers to bargain for better rates and stock up on Ringgit. You can also get major currencies. Toa Payoh is as central as it gets, so if you live in the area or nearby, it’s a no-brainer to change your money at the HDB Hub instead of going all the way to town.
Toa Payoh HDB Hub is located at Lorong 6 Toa Payoh.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Golden City Foreign Exchange | Block 190, #01-536 | 6337 2501 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| Mayura Money Changer | Block 520, #01-52 | 6250 0136 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, CHF, CAD |
9. Marsiling Mall—Best for North siders
Conveniently located near the Woodlands Checkpoint, Marsiling Mall offers basic currency exchange services, ideal for last-minute ringgit needs before crossing the border. The rates are honestly nothing to shout about but if you find yourself out of MYR before your trip up north, this is your best option. Remember to compare rates first, and you can be on your way to enjoying cheap food and shopping in JB.
Marsiling Mall is located at 4 Woodlands Street 12, Singapore 738620.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Sing Exchange | #02-36 | 6368 0875 | MYR, USD, THB, TWD, RMB, HKD, JPY, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| Sineo Enterprises Pte Ltd | #02-54 | 6538 5535 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR CHF, CAD |
10. Marina Square—Best for those who are shopping in town
For those in the city centre, Marina Square has two money changers on Level 2, offering a wide variety of currencies and decent rates.
The rates aren’t exactly the best but their location and convenience are good if you happen to be out getting last-minute things for your trip.
You’ll find the usual USD, Euro, Pound, AUD, CAD, JPY, RMB and TWD here. However, if you’re after rarer currencies, you’ll have to look elsewhere. Silver River Money Changer also sells phone cards and postage stamps, making it ideal for tourists who want to call family or mail postcards home.
Marina Square is located at 6 Raffles Boulevard, Singapore 039594.
| Moneychanger | Unit no. | Phone no. | Currencies |
| Fountain Money Changer | #02-332 | 6337 8128 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
| Silver River Money Changer | #02-217 | 6339 5356 | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD |
Online money changers
Prefer to handle your currency exchange online? Consider these options:
Thin Margin: Singapore’s first online money changer offers hassle-free currency exchange with delivery options, with all transactions fully insured. Skip the queue and choose the currency you want to buy, a delivery time slot and make payment online. Did we mention that delivery is free?
CashChanger: Not a money changer but this popular site lets you easily compare rates from a wide selection of money changers in Singapore offering various currencies.
With these top spots and online options, handling currency exchange before your overseas adventure is a breeze. Bon voyage!
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