14 Best Money Changers in Singapore (2025 Guide)

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If you're planning a trip abroad, one of the most crucial steps—after booking flights and packing your bags—is securing the right currency. With exchange rates fluctuating daily, finding the best money changers in Singapore can make a real difference in how far your money goes overseas.

Whether you're a local traveler or a visitor needing to convert funds, this guide highlights the top spots across Singapore offering competitive rates and reliable service. We’ll also share expert tips to help you get more value from every dollar exchanged.

Why Choosing the Right Money Changer Matters

Singapore is home to hundreds of licensed money changers, but not all offer the same value. Rates vary significantly—even between stores in the same building—so making an informed choice is essential. The right money changer can save you hundreds on your travel budget through better exchange rates and lower fees.

Additionally, some money changers specialize in specific currencies, such as Chinese Yuan (CNY), Malaysian Ringgit (MYR), or Japanese Yen (JPY), giving you better deals than banks or airport kiosks. Avoiding tourist traps and knowing where to go can ensure you're not overpaying for convenience.

💰 Quick Overview: Top Money Exchange Spots in Singapore

Here’s a concise list of the most reputable money changers across key locations in Singapore. These spots are known for transparency, competitive pricing, and wide currency availability.

These hubs house multiple licensed changers, allowing easy rate comparisons. Always verify live rates before visiting, as they change frequently.

Our Top 5 Picks: Best Money Changers in Singapore 2025

1. The Arcade, Raffles Place

Best for: Exchanging less common or niche currencies
Location: 11 Collyer Quay, The Arcade, Singapore 049317

Located in the heart of the Central Business District (CBD), The Arcade is a hotspot for competitive currency exchange. It hosts several well-known money changers side by side, including:

This clustering creates healthy competition, often resulting in some of the best rates in Singapore. You’ll find major currencies like USD, EUR, JPY, GBP, and MYR—plus rarer ones such as the Hungarian Forint and Jordanian Dinar.

👉 Find out how to maximize your foreign exchange with real-time rate tracking.

2. Mustafa Centre, Little India

Best for: 24/7 access and late-night exchanges
Location: 145 Syed Alwi Road, Level 1 beside Exit 1, Singapore 207704

One of Singapore’s most iconic shopping centers, Mustafa Centre houses Mustafa Foreign Exchange, open until 2 AM daily. This makes it perfect for last-minute travelers or those arriving late.

They offer strong rates on Indian Rupees (INR), Indonesian Rupiah (IDR), Philippine Peso (PHP), and Bangladeshi Taka (BDT). Less common currencies like the Bahrain Dinar are also available.

💡 Pro tip: Check their official website for live rates before heading down.

3. People’s Park Complex, Chinatown

Best for: Best rates on Chinese Yuan (CNY) and Hong Kong Dollar (HKD)
Location: 1 Park Road, #01-XX, Singapore 059108

A favorite among locals and tourists alike, People’s Park Complex features multiple money changers specializing in East and Southeast Asian currencies. Key players include:

With high foot traffic and tight competition, these vendors often provide aggressive pricing. Haggle politely if exchanging large amounts—you might secure an even better deal.

4. Parkway Parade, East Coast

Best for: Residents in the eastern region
Location: 80 Marine Parade Road, #01-16B & #01-503E, Singapore 449269

For those living near Marine Parade or Paya Lebar, Parkway Parade offers convenient access to trusted money changers:

While smaller in scale compared to central locations, these outlets still deliver competitive rates on popular currencies like JPY, USD, THB, and MYR. Plus, it's typically less crowded—ideal for a stress-free experience.

5. Lucky Plaza, Orchard Road

Best for: Tourists and Southeast Asian currency needs
Location: 304 Orchard Road, #01-37, #01-82, #B1-10, Singapore 238863

Situated along one of Singapore’s busiest shopping belts, Lucky Plaza caters heavily to tourists and migrant workers. It's particularly strong for Philippine Pesos (PHP), Thai Baht (THB), and Malaysian Ringgit (MYR).

Key changers include:

With extended hours and central access via public transport, Lucky Plaza remains a go-to for quick exchanges without venturing off the tourist trail.

Frequently Asked Questions (FAQs)

Q: Are money changer rates in Singapore regulated?

Yes. All licensed money changers in Singapore are regulated by the Monetary Authority of Singapore (MAS). They must display clear signage showing buy/sell rates and cannot charge hidden fees.

Q: Should I exchange money at airports?

Generally, no. Airport money changers tend to offer less favorable rates due to higher operating costs. It's better to exchange a small amount for immediate needs and get the bulk elsewhere in the city.

Q: Can I negotiate exchange rates?

Sometimes. While fixed-rate counters won’t budge, some private operators—especially at People’s Park Complex or Lucky Plaza—may offer slight improvements if you’re exchanging over S$1,000.

Q: What documents do I need to exchange currency?

No ID is required for standard exchanges under S$20,000. However, bringing your NRIC or passport helps speed up verification and builds trust with the vendor.

Q: Is it safe to use multi-currency travel cards instead?

Absolutely. Digital solutions like multi-currency cards eliminate queues and often provide wholesale exchange rates with zero fees. They’re ideal for frequent travelers who prefer cashless spending.

👉 Discover how digital wallets are revolutionizing international travel spending.

Pro Tips for Exchanging Currency in Singapore

  1. Compare Rates Online First
    Use platforms like XE.com or CashChanger.co to check live rates before visiting any store.
  2. Avoid Airport Counters
    Rates at Changi Airport are typically less competitive. Save your major exchange for downtown locations.
  3. Ask About Hidden Fees
    Some changers advertise “zero commission” but apply poor base rates. Always confirm the final amount you’ll receive.
  4. Request Smaller Denominations
    When traveling, having smaller bills makes daily transactions easier—especially in countries where large notes aren’t widely accepted.
  5. Count Your Cash Immediately
    Double-check the amount before leaving the counter to prevent disputes later.
  6. Consider a Multi-Currency Card Alternative
    Instead of carrying large sums of cash, use a travel card that locks in favorable rates ahead of time.

Final Thoughts: Balancing Cash and Convenience

While traditional money changers remain a trusted option in Singapore, modern travelers are increasingly turning to digital alternatives that offer greater flexibility and cost savings.

Whether you choose to visit The Arcade for rare currencies or opt for a seamless digital solution, being informed is your best tool for maximizing value.

👉 See how top travelers are cutting costs with smart currency strategies today.

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