5 Centres to Exchange Money in Singapore 2024: Best Rates!

Written by Emma Lee | September 19, 2024

These registered money changers are spread from Changi Airport to various shopping malls nationwide. For your convenience, you can engage a service at the airport or the hotel where you are staying. However, for the best rates, make your way to one of Singapore’s most reputable money-changing hubs, which 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 tourist attractions in Singapore and easily accessible by public transport, making it very convenient for travelers to exchange currency.

Lastly, remember that you should bargain to get better exchange rates.

1. Money Changers at The Arcade at Raffles Place

Image: Money Changers at The Arcade

Best for

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

Address

11 Collyer Quay, Singapore 049317

Phone

+65 6223 0753

Quick facts:

Located at Raffles Place, the business center in Singapore, The Arcade has a large number of reputable money changers that offer competitive rates for various currencies.
Exchange rates are displayed on electronic boards
The staff at most of the changers have excellent communication skills to ensure smooth transactions.

RECOMMENDED MONEY CHANGERS:
1. Sheen International Exchange

A 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 trustworthy money changer for more than three decades, catering to both locals traveling abroad and 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

A 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: Since there are numerous money changers in the building, it is advisable to compare rates before engaging in any services.

HOW TO GET THERE:

Nearest MRT Station: Raffles Place MRT (EW14) and (NS26) (Walking 1 min 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

Image: Money Changers at Lucky Plaza

Best for

• PHP
• THB
• MYR

Address

304 Orchard Road, Singapore 238863

Phone

+65 6887 5110

Quick facts:

Located on Orchard Road, the shopping belt of Singapore, the money changers at Lucky Plaza are the most convenient choice for tourists who are in the Orchard area.
Although there are no electronic display boards showing exchange rates, customers can obtain any desired information through the helpful and patient staff at every money exchange booth in the building.

RECOMMENDED MONEY CHANGERS:
1. Rabi Trading

The destination for crew members to exchange money due to the excellent services and competitive 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 to 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 engaging in any services.

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

Image: Mustafa Foreign Exchange

Best for

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

Address

145 Syed Alwi Road, Mustafa Centre, Singapore 207704

Phone

+65 6292 9252

Opening hours

24/7

Quick facts:

The forex shops at Mustafa Centre, one of the best budget shopping places in Singapore, offer great opportunities for those staying in the Little India and Bugis areas.
Although there are several money changers at Mustafa Centre, the most reliable and well-known one is Mustafa Foreign Exchange
Open 24/7, Mustafa Foreign Exchange is the only place in Singapore that offers money exchange services both day and night.

NOTES:

You can bargain to get 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 Parkway Parade

Best for

• THB
• USD
• MYR
• JPY
• HKD

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 located on level 1 of the Parkway Parade shopping centre, a six-storey building with approximately 300 shops.
These money changers are very convenient for those who are in the vicinity of East Coast Park or the Katong area.

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

TIP: It is better to compare rates between money changer shops before engaging in any services.

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)

5. Money Changers at People’s Park Complex Chinatown

Image: Emerald Money Changer

Best for

• CNY
• PHP
• THB
• MYR
• HKD

Address

1 Park Road, Singapore 059108

Quick facts:

The forex shops at People’s Park Complex, an old building in the heart of Singapore’s Chinatown, offer great opportunities for those staying around the Chinatown and Outram Park MRT stations.
There are plenty of money changers nestled in the People’s Park Complex building, which enables people to compare exchange rates from shop to shop before engaging in any services.

RECOMMENDED MONEY CHANGERS:
1. Crante Money Changer

It 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: Daily 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)