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The 5 Best Money Changers in Singapore For Superior Exchange Rates

  • Location - We checked how accessible each money changer’s location was and how easy it was to find them.
  • Transaction speed - We assessed how fast transacting with these money changers took, from queuing to money changing.
  • Customer experience - We observed how approachable tellers were and whether their interactions were amiable. We’re also counting in-store conditions, such as comfort and environment.
  • Additional services - When possible, we inquired whether the money changers offered any other services besides converting currencies. We rated how useful these services are in relation to money changing.

Over the years, I’ve managed to save a good amount of leftover foreign currencies from my trips out of the country. I used to think they were cute souvenirs until one day, I opened my drawer and saw a pile of foreign money taking up space and collecting dust.

Right there and then, I made the decision to let go of this unnecessary travel habit and get all of this unused money converted back to Singaporean dollars. That’s when the hunt for a good money changer started.

I realized that if I immediately went to the first one I saw, I was at risk of losing precious funds that could otherwise be used for a fancy dinner or a well-deserved shopping spree. With some help, I was able to find some of the best options in the country.

We scouted Singapore for the most reliable money changers with the best exchange rates and today, we’re sharing it with you. With this guide, you can be assured that you’ll have the best bang for your buck.

1. Arcade Money Changers

arcade-money-changers

Services: Currency Exchange, Online Booking, Same Day Pick-up

Location: The Arcade #01-18, 11 Collyer Quay

Contact: +65 6221 2080

Business Hours: 

  • Monday to Thursday – 9:30 AM to 6:30 PM
  • Friday – 9:30 AM to 12:30 PM, 2:00 PM to 6:30 PM
  • Saturday – 09:30 AM to 2:30 PM
  • Sunday – Closed

Website

Google reviews score4.3/5
Total reviews4/5
Score consistency4.5/5
Location5/5
Transaction speed5/5
Customer experience3/5
Additional services5/5

Arcade Money Changers has made sure to keep up with the needs of its customers throughout the years. Along with their consistent efficiency, they offer online booking options to speed up in-person transactions.

Customers can opt to book rates online and then drop by Arcade Money Changers later in the day to pick up their funds. This isn’t required though, and their tellers still entertain walk-in customers and ensure quick transactions.

The staff does seem cold from time to time, but it’s mostly when they have to accommodate plenty of people during peak hours. Still, they’re very lenient with overlooking note quality and series.

When it comes to location, we found their store effortlessly. They are easily accessible by MRT via the Raffles Place Station.

Pros

  • Not strict when it comes to note quality and series
  • Online transactions available
  • Accessible location

Cons

  •  Staff isn’t always very welcoming

Good rates and quick transaction

“Locked in the good rate via their website. Received their approval email within 5mins. Clear cut email stating the amount to collect for the requested curency and amount to pay for the exchange. Email also stated the expiry of the order for this locked rate. Settle the collection within 10mins”

Xin Zhang, Google Review

Most optimal rate in the country

“Best place to exchange currencies.  They give most optimal rate in entire Singapore.  You need to take Exit A from Raffles place MRT and turn right to see The Arcade Mall. It is right at the entrance on the left.  Don’t get confused with  the one on right”

Satheesh Kumar Ilu, Google Review

2. Crante Money Changer

crante-money-changer

Services: Currency Exchange

Location: 1 Park Road

Contact: +65 6532 5008

Business Hours: 

  • Monday to Sunday – 9:00 AM to 9:00 PM

Website

Google reviews score2.8/5
Total reviews3/5
Score consistency3.5/5
Location4/5
Transaction speed4/5
Customer experience3/5
Additional services2/5

Crante Money Changer is crazy popular among locals, which is kind of surprising considering the one and only service they offer is currency exchange. But then, it really is proof of how good they are at what they do.

They keep their transactions straightforward and efficient. Their rates are fair and they’re always transparent with them through posted signage.

One drawback we noticed, though, is their location in Chinatown. Because it’s a tourist hub that gets a lot of foot traffic, accessing this provider might prove to be a hassle. It’s also surrounded by a ton of other money changers, potentially making it hard to find. 

Despite the crowd, the wait is often short and the tellers are polite. From time to time, they have to enforce orderliness as it gets too crowded and the queue gets quite long during peak hours.

Pros

  • Very competitive pricing
  • Transparent rates

Cons

  •  Customers have to wait in a queue

Better rates than online sometimes and kind service

“I’ve visited this changer twice in the last 3 months! Both times I’ve got very good rates – on par with Google rate/sometimes even better! And really kind service too 🙂 I mostly visited in the mornings at 10am so there was a short wait once, but my second time there wasn’t a Q. Really happy to continuously support them whenever I’m changing $$”

Geraldine Ng, Google Review

Accommodating and trustworthy teller

“This is by far my favourite money changer in SG.  The teller is accommodating and will not try to scam you. They have excellent rates as well. Highly recommend.”

Brenda Lee, Google Review

3. JC Global (Northpoint City)

jc-global

Services: Currency Exchange, Remittance, Mobile App Transactions

Location: Northpoint City, 1 North Point Drive, B2-131

Contact: +65 6455 1817

Business Hours: 

  • Monday to Sunday – 10:00 AM to 9:30 PM

Website

Google reviews score5/5
Total reviews5/5
Score consistency5/5
Location5/5
Transaction speed5/5
Customer experience4/5
Additional services5/5

JC Global is clearly favored as a money changer based on how they’ve been able to expand in more ways than one. You can see it in their multiple branches, as well as their very own mobile app.

They prioritize convenience by supporting PayNow and providing QR codes for easy withdrawal. Representatives also reach out to customers via WhatsApp to give updates on their transactions.

Their Northpoint City branch is easy to find, as it’s situated within a mall, but it’s also the one that sees the most foot traffic. Customers can expect a long queue but transactions are systematic and well-organized.

The only downside is that in an effort to quicken the service, some customers may feel rushed when being attended to by the staff.

Pros

  • Multiple branches across the country
  • Convenient mobile app features
  • Easy to find locations

Cons

  • Long queues
  • Rushed service

Fast transaction and friendly workers

“Fast transaction even when long queue, workers are friendly and helpful at the counter, i used their apps also and their staff sometime message me via whatsapp to ensure my transaction is accurately done. So far i see their rate are one of the best in town. There are multiple branch throughout the island”

Kueh Yep Piing, Google Review

Best rate and less hassle to withdraw

“Best rate in town! Can call to enquiry on the rates before heading down. Best part, allow QR scanning, so less the hassle to withdraw”

Tan Ping Hong, Google Review

4. Lion City Money Changer

lion-city-money-changer

Services: Currency Exchange, Money Transfer, Remittance 

Location: 14 Scotts Road, #03-68A Far East Plaza

Contact: +65 6734 0955

Business Hours: 

  • Monday to Saturday – 10:15 AM to 7:30 PM
  • Sunday – 11:00 AM to 6: 00 PM

Website

Google reviews score5/5
Total reviews4/5
Score consistency5/5
Location4/5
Transaction speed5/5
Customer experience5/5
Additional services4/5

If there’s one thing that makes Lion City Money Changer stand out from the rest, it’s the exceptional customer service. The staff are very welcoming and attentive the moment a customer steps foot inside their store.

Apart from offering diligent assistance, they also give tips on the best times to exchange money. This is especially helpful since their rates tend to fluctuate during the day.

However, once you find the optimal money-changing time, transactions are processed smoothly and hassle-free. Their staff works fast so customers rarely have to wait.

Just a heads up though: they’re not the easiest money changer to access. Although they’re located within a mall, the building itself isn’t that well-maintained so it may not be appealing for some to make the trip.

Pros

  • Very welcoming and friendly staff
  • Smooth and hassle-free process
  • Speedy workers
  • No wait lines in-store

Cons

  • Fluctuating rates throughout the day
  • Located in a poorly-maintained mall

Accommodating customer service and great attention to detail

“Lion City Money Changer has been my go-to for currency exchange for the past few years. I find their rates to be consistently better than other places I’ve compared with. What sets them apart is their customer service – always so welcoming and accommodating, even when there’s a crowd. I remember one time I needed a last- minute exchange for a trip, and they helped me out quickly without any issues. Their efficiency and attention to detail have earned my loyalty. I can always count on them to provide smooth, reliable service.”

Pogo Hira, Google Review

Got useful advice from professional staff

“I had a fantastic experience at Lion City Money Changer. The staff were incredibly professional and provided top-notch customer service. They offered me a great rate and even gave me advice on the best time to exchange my money. I felt valued as a customer, and I’ll definitely be returning for future exchanges.”

Jalyn Xie, Google Review

5. Thin Margin

thin-margin

Services: Online Currency Exchange, Security Features, Delivery Options

Location: Home Delivery

Contact: +65 8895 9086

Business Hours: 

  • Monday to Sunday – Open 24 Hours

Website

Google reviews score4.9/5
Total reviews4/5
Score consistency5/5
Location3/5
Transaction speed5/5
Customer experience5/5
Additional services5/5

Due to its setup, Thin Margin is absolutely unique as a money-changing service. This company conducts all of its currency exchange transactions online and it gets funds to their customers via delivery.

We know that the delivery system may seem unsafe but they have several security measures for customers. For example, customers will receive a transaction PIN that they’ll have to give the delivery staff before they can get their cash.

Along with the convenience they provide, they’re also very considerate when it comes to requests. Rescheduling deliveries is easy and you can even ask for crisp notes if that’s how you’d prefer to receive your money.

Despite all of these features, their rates are still fairly competitive. The only thing that might be a drawback for some is that they require a minimum amount when exchanging funds.

Pros

  • Convenient online transactions
  • Safety guaranteed
  • Considerate with requests and rescheduling 

Cons

  • Minimum amount required for transactions
  • No physical location

A+ service, thumbs up! 

“5 stars A++++ service! I wish I knew about Thin Margin and their foreign currency delivery service sooner! Would have saved me much valuable time withdrawing cash from the ATM and queuing up at the money changer’s. Very competitive rates too. Thumbs up!”

Patty Woo, Google Review

Legit transaction and good customer service

“Tried and validated, this is legit 🙂 It was such a swift and smooth transaction. Their rate is way better than the offline money changers. I got my foreign currency delivered on time. ID and PIN are required for validation, which double enhanced the security of the right deliverance. Good customer service for they are quite prompt in replying to my inquiries. Looking forward to the next transaction.”

Tess Sia, Google Review