Are you struggling to find a good money changer nearby or get the best exchange rates for your currency exchange? We’ve sussed out the best places to exchange money in Singapore so you’ll never have to wonder again! Check out our Money Changer Singapore guide below 👇
Apart from booking your plane tickets and ensuring that you’ve got everything in check, exchanging currency is an essential part of travel too. This is probably the trickiest part for most because of the ever-changing fluctuations of exchange rates. Enter: Money changers. When it comes to exchanging currency in Singapore, finding the best money changer can save you a significant amount of money. So, in this comprehensive Money Changer Singapore guide, we’ll be exploring the best places to exchange money, their rates, services, and locations, to help you get the most out of your currency exchange.
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Why Choosing The Right Money Changer Matters
While money changers are located in abundance all over Singapore, finding the right money changer for a good rate is not always guaranteed, and fees can vary widely as well.
Whether you’re a local in search of the best places to exchange money in Singapore, or just a wandering tourist looking to trade some of your leftover bills, taking the time to make a trip down to a specific handful of reputable money-changing hubs could make a substantial difference in your travel budget (trust us, been there and done that).
Check out the table below for some reliable money changers in Singapore.
💰 Money Changer Singapore Guide: Best places to exchange money at a glance
At a glance, here’s a quick and easy guide to the best money changers to exchange money at in Singapore. Although not a money changer, we’ll be adding YouTrip to the mix for those who’d prefer a more convenient way of exchanging money (in just a few taps!) to score the best rates all day.
To Note About ‘Recommended Currencies’: Different money changers offer varying rates for different currencies. We have identified the currencies with the best exchange rates at each store. This is true as of 24 May 2024.
Common Currencies Offered | Location | Opening Hours | Contact | |
---|---|---|---|---|
Arcade Plaza Traders | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD | The Arcade at Raffles Place Unit No: #02-03 | Mon to Fri: 10 am to 5 pm Sat: 10 am to 1 pm Sun: Closed | 6227 7660 |
People’s Corner Money Changer | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD | The Arcade at Raffles Place Unit No: #02-07 | Mon to Thurs: 9.30 am to 6 pm Fri: 9.30 am to 12:45 pm, 2 pm to 6 pm Sat: 10 am to 1 pm Sun: Closed | 6223 3040 |
Hassan & Sons exchange | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD | The Arcade at Raffles Place Unit No: #02-05 | Mon to Sun: 10.30 am – 9.30 pm | 6535 8742 |
Arcade Money Changers | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, INR, CHF, CAD | The Arcade at Raffles Place Unit No: #01-18 | Mon to Thurs: 9.30 am to 6 pm Fri: 9.30 am to 12.30 pm, 2 pm to 5.30 pm Sat: 9.30 am to 2.30 pm Sun: Closed | 6223 0753 |
Mustafa’s Foreign Exchange | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, INR, CHF, CAD | 145 Syed Alwi Road, Mustafa Centre, Singapore 207704 Level 1 beside Exit 1 | Mon to Sun: 9:30 AM to 2 PM | 6295 5855 |
Crante Money Changer | CNY, PHP, THB, MYR, HKD | 1 Park Road #01-28 People’s Park Complex | Mon to Sun: 9 am to 9 pm | 6532 5008 |
Today’s Money Changer | CNY, PHP, THB, MYR, HKD | 1 Park Road #01-03 People’s Park Complex | Mon to Sun: 9:30 am to 9 PM Fri: Closed | 6222 5844 |
Emerald Money Changer | CNY, PHP, THB, MYR, HKD | Located at 1 Park Road #01-61 People’s Park Complex | Mon to Sun: 10 am to 9 pm | 6438 7897 |
AK Money Changer & Department Store | CNY, PHP, THB, MYR, HKD | 1 Park Road #01-K95C People’s Park Complex | Mon to Sun: 9:30 am to 9 pm | 6557 0487 |
Yakadir Enterprises | MYR, USD, THB, TWD, RMB, HKD, JPY, KRW, EUR, GBP, AUD, NZD, IDR, PHP, VND, CHF, CAD, | 80 Marine Parade Rd, #01-16B, Singapore 449269 | Mon to Sun: 10.15 am to 6.30 pm | 6344 9652 |
Everpeace Money Changer Pte Ltd | THB, USD, MYR, JPY, HKD | 87 Marine Parade Central, #01-503E, Singapore 440087 | Mon to Sat: 10 am to 6.30 pm Sun: Closed | 6440 2553 |
Rabi Trading | PHP, THB, MYR, USD, AUD, CNY, GBP | 304 Orchard Rd, Lucky Plaza, #01-37, Singapore 238863 | Mon to Sun: 9 am to 7 pm | 6738 5268 |
Fajar Money Changer | PHP, THB, MYR, USD, AUD, CNY, GBP | 304 Orchard Rd, Lucky Plaza, #01-82, Singapore 238863 | Mon to Sat: 10 am to 7:30 pm Sun: Closed | 6235 0989 |
Rahiman Trading | USD, SGD | 304 Orchard Rd, Lucky Plaza, #B1-10, Singapore 238863 | Mon to Sun: 10:30 am to 8:30 pm | 6235 7206 |
YouTrip Multi-Currency Card | 🎉 Score the best rates all day in 150+ countries with zero fees on our Wholesale Exchange Rates 🎉 Lock in 10 currencies in your YouTrip app – including SGD, JPY, HKD, USD, GBP, EUR, AUD, NZD, CHF & SEK – at any time in just a few taps! 👉🏻 Prefer to have some cash on hand? Enjoy free monthly withdrawals of up to S$400 in foreign currency with a 2% fee thereafter at any overseas ATM that displays the Mastercard®, Maestro® and/or Cirrus® logos! 👉🏻 Up your game and add your YouTrip card to Apple Pay & Google Pay for seamless payments Find out more here | Download our app on the App Store or Google Play Store to get the best rates anywhere and everywhere | Exchange money with real-time rates, or lock down attractive rates in your YouTrip wallet at any time to score the best deals | Get all the help you need directly on the app |
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Get the best rates here
Best Places To Exchange Money:
1. The Arcade: Best for those who want to exchange less common currencies
Location: The Arcade, 11 Collyer Quay, Singapore 049317

Image Credits: CDL Commercial
If you’re in the CBD area, Raffles Place can be a convenient option when exchanging money. Namely, The Arcade. The Arcade is home to several money changers, all contending to offer the most competitive exchange rates. This competition ensures that you can often find some of the best deals in town.
Bonus point? They’re all lined up in a row and are in close proximity to each other, making it easy to compare rates on the spot. Tip: Just see which queue is the longest and you’ll have your answer!
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 like the Hungarian Florint, Bosnian Convertible Marks, Jordanian Dinar, and Egyptian Pound.
Popular money changers at The Arcade:
- Arcade Plaza Traders: #02-03
- People’s Corner Money Changer: #02-07
- Hassan & Sons exchange: #02-05
- Arcade Money Changers: #01-18
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Looking to change your SGD to Yen? Find out how to capitalise on the JPY right now
2. Mustafa Centre: Best for late-night currency exchange
Location: Mustafa Centre, 145 Syed Alwi Road, Singapore 207704

Image Credits: The Honeycombers
For those who need to exchange currency outside regular business hours, Mustafa Centre is the place to go. Mustafa Foreign Exchange is renowned for offering competitive exchange rates and for staying open till 2 AM (an ideal spot for all you night owls out there 🦉).
Tip: Check the rate on their website before heading down.
Common currencies you can find here are the Indian Rupee, Indonesian Rupiah, Philippine Peso, Sri Lankan Rupee, Bangladeshi Taka, Malaysian Ringgit, Chinese Yuan, and Hong Kong Dollar. Less common currencies include the Bahrain Dinar and Mauritian Rupee.
Popular money changers at The Mustafa Centre:
- Mustafa Foreign Exchange: Level 1 beside Exit 1
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Looking to exchange Korean won? Check out this guide on how to capitalise on the Korean won!
3. People’s Park Complex: Best for competitive Chinese Yuan and Hong Kong Dollar rates
Location: People’s Park Complex, 1 Park Rd, Singapore 059108

Image Credits: Dynamic Edge
Situated in Chinatown, People’s Park Complex is another hotspot for competitive currency exchange rates for the Chinese Yuan and Hong Kong Dollar. With numerous money changers located in the complex (particularly on Level 1), you can shop around for the best deals and compare rates.
Tip: Compare rates and haggle a little if possible. Don’t be afraid to ask for a better rate!
Other common currencies include Southeast Asian currencies such as the Indonesian Rupiah and Thai Baht.
Popular money changers at People’s Park Complex:
- Crante Money Changer: #01-28
- Today’s Money Exchange: #01-03
- Emerald Money Changer: #01-61
- AK Money Changer & Department Store: #01-K95C
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Looking to exchange Malaysian Ringgit? Check out this guide on how to capitalise on the MYR!
4. Parkway Parade: Best for Easties
Location: Parkway Parade, 80 Marine Parade Road, Singapore 449269

Image Credits: Parkway Parade
Live in the East? Consider Parkway Parade as a reliable option for your currency exchanges. Although not the bustling money changer it once was, it still offers competitive rates and is a convenient option if you live nearby.
Bonus point: It’s less crowded than central locations.
Common currencies include Malaysian Ringgit, Japanese Yen, Hong Kong Dollar, Thai Baht, and US Dollar. Other less common currencies include Papua New Guniea Kina and Saudi Riyal.
Popular money changers at Parkway Parade:
- Yakadir Enterprises: #01-16B
- Everpeace Money Changer Pte Ltd: #01-503E
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Here’s a guide to ATM withdrawals with YouTrip in Malaysia
5. Lucky Plaza: Best for tourists and Southeast Asian currencies
Location: Lucky Plaza, 304 Orchard Road, Singapore 238863

Image Credits: Accredit Loan
If you’re in town and need to change money, check out Lucky Plaza. Located on Orchard Road, it’s perfect for those staying in the area or passing through for shopping. Lucky Plaza offers competitive rates for the Philippine Pesos, as well as for other Southeast Asian currencies. Most of the money changers here are located on Level 1 and B1.
Tip: Rates here can be competitive, especially for common currencies.
Common currencies include the Thai Baht, Malaysian Ringgit, US Dollar, Australian Dollar, Chinese Yuan, and British Pound.
Popular money changers at Lucky Plaza:
- Rabi Trading: #01-37
- Fajar Money Changer : #01-82
- Rahiman Trading: #B1-10
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Check out this article for the best multi-currency cards in Singapore
Pro-Tips for exchanging currency in Singapore
- Compare Rates Online: Before heading to a money changer, check online for the latest rates. Websites and apps like XE, OANDA, YouTrip, and even some money changers websites can give you an idea of what to expect.
- Avoid Airport Exchanges: While convenient, airport money changers often offer less favourable rates compared to those in the city
- Haggle a little: Some money changers are actually open to negotiation, especially if you’re exchanging a large amount of money – so it never hurts to try!
- Always check for Additional Fees: Although some money changes offer great rates, they also may charge additional fees. Make sure to ask if there are any hidden costs.
- Keep Small Bills: When travelling, it’s always a good idea to have a mix of small and large bills. Some places may have difficulty providing change for larger denominations.
- Safety First!: Always count your money before leaving the counter and make sure to store it securely.
- Check out YouTrip: If you’re looking to skip the long queues at money changers and track your spending effortlessly with the best exchange rates, look no further than YouTrip!
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Here’s a list of the best travel credit cards in Singapore for overseas spending
Get The Best Rates All Day With YouTrip!

As mentioned above, we’re not a money changer. But we do have a handy dandy feature that allows you to lock in the best rates all day from our 10 in-app currencies (SGD, JPY, USD, EUR, GBP, HKD, AUD, NZD, CHF, SEK) at just a click of a button. Plus, score favourable exchange rates for 150+ currencies worldwide — all at zero fees! Convenient? You bet.
Plus, with your YouTrip Mastercard, you get free monthly ATM withdrawals of up to S$400 with a 2% fee imposed thereafter. Did we mention that we’re also the first e-wallet to enhance our wallet limits? You can now top up S$20,000 and spend with an upsized annual limit of S$100,000! Get ready to lock in more of the best rates all day.
Money Changer Singapore Guide: Best Places To Exchange Money 2024 — Here’s how to top up your virtual Suica card with YouTrip
Get Money-Savvy With YouTrip!

By following this Money Change Singapore guide and tips, you can ensure you’re exchanging money at Singapore’s most reliable money changers. However, if you would prefer an even better way of switching between currencies without committing all your cash at one go, why not make full use of our Wholesale Exchange Rates and skip those pesky bank fees? Book your flights and plan your trip with YouTrip!
As Singapore’s favourite multi-currency wallet, we aim to get those pesky fees out of the way and help you save on your travels. With the best foreign exchange rates, no longer will you have to deal with those long queues at money changers! So if you’re looking for a go-to travel card, sign up for your complimentary YouTrip card today with <YTBLOG5> and get FREE S$5 in your account! For more great tips and articles like this, join our Telegram (@YouTripSG) and subscribe to our free weekly newsletter here or down below.
And while you’re at it, why not join the conversation with thousands of #YouTroopers in our very own Community Telegram Group @YouTripSquad? Get tips and tricks to everything YouTrip including exclusive invites to exciting events and experiences, & be part of the #YouTripSquad! 💜
Happy travels!
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