The best money changers and where to exchange money in Singapore

This business centre in the CBD is known for the amount of money changers in one building – and given the choices you have, it's also the best place for you to exchange currencies. With more than 20 money changers located in The Arcade, the best way to do it is to check and compare the rates from all before making your decision. Do avoid the lunch hour though, it can get really, really hectic. 

Recommended money changers: People's Corner Money Changer (#02-07), Hassan & Sons (#02-05), Arcade Money Changers (01-18)

Best rates for: EUR, GBP, JPY, MYR, THB, TWD, USD

A Singapore institution, Mustafa is open round the clock for all your shopping needs – and also if you need to exchange money in the middle of the night. The money changer in the store has decent exchange rates, especially if you're looking at Asian currencies. Perfect for those of you who leave packing till the last minute, the store itself serves as your 24-hour one-stop shop. Done with acquiring your money? Pick up some toiletries and snacks to take with you on the trip. 

Best rates for: CNY, HKD, IDR, INR, MYR, PHP, RMB

The mighty People’s Park Complex aside from dozens of shops selling Chinatown memorabilia and nostalgic street snacks, is also home to more than 20 money changers. Good for most Asian currencies, it's also a convenient and central area to change your money after work. Be prepared for some haggling!

Recommended money changers: Emerald Money Changer (#01-61), Crante Money Changer (#01-28), Today's Money Exchance (#01-03)

Best rates for: CNY, HKD, MYR, PHP, THB

If you're heading to Malaysia, Thailand or the Philippines, Orchard Road might just be the best place to change your money. Right in the heart of the shopping belt is Lucky Plaza, where like The Arcade and People's Park, there are over 20 money changers in the building. Just spend some time walking around and comparing the rates before going with the best. 

Recommended money changers: Fajar Money Changer (#01-82), Rabi Trading (#01-37), Rahiman Trading (#B1-10)

Best rates for: MYR, PHP, THB

An East Coast institution for more than 20 years, Parkway Parade is the Eastsider's best option for changing money in Singapore. There are a few decent money changers with good rates in the mall you can check and compare rates with. 

Recommended money changers: Everpeace Money Changer (#01-15/16), Sino Money Changer (#01-01), Yakadir Enterprises (#01-91)

Best rates for: HKD, JPY, MYR, THB, USD