10 Best Money Changers in Singapore (2026): Addresses, Rates and Honest Tips

Singapore’s money changers are a practical institution that most residents use regularly and most tourists underestimate until they realise how much the airport exchange cost them. The gap between a Singapore bank’s walk-in rate and a competitive money changer in the city can be 1–3% of the transaction — on a $5,000 exchange, that is $50 to $150 left on the table. At a busy hub like The Arcade in Raffles Place, 20 competing booths in one building drive rates to within 0.3–1% of the mid-market rate for major currencies.

This guide covers 10 of the best money exchange options in Singapore — with verified addresses, phone numbers, operating hours, currency specialties, and honest notes on when each one is worth using. Where phone numbers are listed, they were confirmed through official mall directories, MAS records, or operator websites. Rates are not published here because they change every 15–30 minutes at most physical booths; use CashChanger.co to check live rates from multiple changers before you go.

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1. The Arcade — Raffles Place (Best Overall Rates for Major Currencies)

The Arcade at 11 Collyer Quay is the single most competitive money exchange location in Singapore. Over 20 licensed money changers operate on floors 1 and 2 of the building, all competing for the same customers within walking distance of each other. The result is rates for major currencies (USD, EUR, GBP, AUD, JPY) that consistently outperform anywhere else in the city, updated every 15–30 minutes during trading hours. If you need to exchange a significant amount of a major currency, this is the right starting point.

• Address: 11 Collyer Quay, Singapore 049317 (above Raffles Place MRT)
• General hours: Mon–Fri 9:30am–6:30pm; Sat 9:30am–2:30pm; Sun/PH most booths closed
• Tip: Weekday 10am–4pm gives maximum competition. Avoid the 12pm–2pm lunch rush for shorter queues. For amounts of SGD 1,000 or more, ask the counter “best rate?” — it is standard practice and usually gets you an extra 0.1–0.2%.

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2. Lucky Plaza — Orchard Road (Best for Philippine Peso and Southeast Asian Currencies)

Lucky Plaza at 304 Orchard Road is the top destination in Singapore for Philippine Peso (PHP), Thai Baht (THB), and Malaysian Ringgit (MYR) exchange. The building has a large Filipino community presence, and the high weekend foot traffic from Filipino workers and tourists creates fierce PHP competition among booths. Rates for PHP here are consistently the best in Singapore.

• Address: 304 Orchard Road, Singapore 238863
• Nearest MRT: Orchard MRT, Exit C (3-minute walk)
• Best on: Weekdays for shorter queues; weekends are busiest but competition is highest — both work

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3. Mustafa Centre — Little India (Only 24-Hour Money Changer in the City)

Mustafa Foreign Exchange Pte. Ltd. operates inside Mustafa Centre and is the only major money changer in central Singapore with full 24-hour, 7-day operations. This makes it genuinely useful for late-night exchanges before an early morning flight, public holiday emergencies, or anyone who cannot reach The Arcade during weekday business hours. Rates for Indian Rupee (INR) are consistently the best in Singapore at Mustafa, driven by the surrounding Little India community and strong trade relationships.

• Address: Mustafa Centre, Level 1 (beside Exit 1), 145 Syed Alwi Road, Singapore 207704
• Phone: +65 6295 5855
• Hours: 24 hours, 7 days a week including all public holidays
• MRT: Farrer Park MRT (NE Line), then 5-minute walk
• MAS Licence: Confirmed — Mustafa Foreign Exchange Pte. Ltd. listed in MAS Financial Institutions Directory
• Currencies: Indian Rupee (INR), Indonesian Rupiah (IDR), Chinese Yuan (CNY), Malaysian Ringgit (MYR), plus South Asian and Southeast Asian currencies; also offers remittance services
• Currency specialty: INR — typically 0.5–1% better than citywide competitors due to community volume and supplier relationships
• Rates online: Not published in real time; call or visit in person
• Honest note: Rates are published at the counter but not available on a website or app — factor in travel time if you are going primarily for INR

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4. People’s Park Complex — Chinatown (Best for HKD and CNY)

People’s Park Complex at 1 Park Road is a Chinatown institution for money exchange, particularly strong for Hong Kong Dollar (HKD) and Chinese Yuan (CNY) due to the surrounding community’s trading patterns. Multiple booths operate on level 1 — you can walk between them comparing rates within 5 minutes.

• Address: 1 Park Road, Singapore 059108
• Nearest MRT: Chinatown MRT, Exit C (5-minute walk)
• Best for: HKD, CNY, and residents in the Outram/Chinatown/Tanjong Pagar area

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5. Changi Airport (Convenience Only — Not the Best Rates)

Changi Airport money changers are the most expensive in Singapore, running 5–8% above the mid-market rate as a convenience premium. They are listed here because many travellers use them out of necessity — but if you have any choice, exchange in the city and save significantly. If you must exchange at Changi, two major operators cover all terminals.

Alternative to airport exchange: If you have a Wise, YouTrip, or Revolut card, use that overseas and skip the airport exchange entirely. For countries where cash is essential on arrival (e.g., Japan, Indonesia, Vietnam), exchange at The Arcade or Mustafa before your departure, not at Changi.

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6. Parkway Parade — East Singapore (Best for Marine Parade / Katong Residents)

Parkway Parade at 80 Marine Parade Road is the most accessible money exchange hub for East Singapore residents — covering the Marine Parade, Katong, Bedok, and Siglap neighbourhoods. Multiple booths operate on Level 1 of the mall.

• Parkway Money Changer — #01-14, Parkway Parade, 80 Marine Parade Road, Singapore 449269. Phone: +65 6440 6153. MAS licensee confirmed (UEN: 36102100C)
• Everpeace Money Changer — #01-503E, Parkway Parade
• Sino Money Changer — #01-01, Parkway Parade
• Yakadir Money Exchange — #01-16B, Parkway Parade
• Nearest MRT: Marine Parade MRT (Thomson-East Coast Line), then 5-minute walk; Bus 31, 36, 43 also serve the mall directly
• Hours: Most booths align with mall hours: daily 10:00am–10:00pm
• Best for: East Coast residents who want competitive rates without travelling to Raffles Place or Chinatown; rates are reasonable but not as sharp as The Arcade or Mustafa for major currencies

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7. VivoCity and HarbourFront Centre (Best for Pre-Ferry Travel to Batam/Bintan)

The VivoCity and HarbourFront Centre cluster at the southern tip of Singapore is the most convenient exchange location for travellers taking ferries to Batam or Bintan — both are walking distance from the HarbourFront Ferry Terminal. IDR (Indonesian Rupiah) rates here are acceptable, though still slightly behind The Arcade for major currencies.

• Rising Money Exchange — #02-171, VivoCity, 1 HarbourFront Walk, Singapore 098585. Phone: +65 6464 6450. Listed on official VivoCity mall directory
• M.G.M Foreign Exchange — #02-216B, VivoCity, 1 HarbourFront Walk, Singapore 098585
• Ariza Money Exchange — #01-09/10, HarbourFront Centre, 1 Maritime Square, Singapore 099253. Phone: +65 6377 6311. Hours: Daily 10:00am–10:00pm. Listed on official HarbourFront Centre directory
• Nearest MRT: HarbourFront MRT (CC Line / NE Line)
• Best for: IDR (Indonesian Rupiah) before a Batam or Bintan ferry trip; SGD to MYR for Johor day trips; convenience-first exchanges for southern Singapore residents

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8. JEM and IMM — Jurong East (Best for West Singapore Residents)

Western Singapore residents have two solid options in the Jurong East cluster — JEM and IMM — without the need to travel to Raffles Place. Rates are mid-range (better than banks, not quite as sharp as The Arcade), but the proximity saves significant travel time.

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9. Marina Bay Area — Far East Exchange and Fountain Money Changer

Two well-established money changers serve the Marina Bay and Marina Square precinct — useful for those working in or visiting the Marina Bay Sands casino, hotels, or the Esplanade/City Hall area. Rates are mid-range; not the most competitive, but operated by long-standing, MAS-licensed businesses.

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10. Wise, Revolut, and Instarem — Best Digital Alternatives (No Cash, Card-Based)

For travellers who primarily spend overseas on a card rather than using cash, Singapore’s three major licensed digital money transfer platforms — Wise, Revolut, and Instarem — consistently outperform even the best physical money changers on the effective exchange rate for card spending abroad. The trade-off is that they do not provide physical foreign currency; they are card-based solutions for overseas spending, not cash-in-hand before travel.

Platform	MAS Licence	Rate model	Fees	Best for
Wise	Major Payment Institution (PS20200413)	Mid-market rate + transparent upfront fee; no hidden markup	Varies by currency pair; shown before confirming; fee-free up to SGD 350/month on ATM withdrawals	Regular overseas travellers; international transfers; multi-currency account
Revolut	Major Payment Institution (PS20200326)	Mastercard/Visa wholesale rate; 40+ currencies supported	Standard plan: mid-market rate on weekdays; small markup on weekends	Multi-currency spending; sending money internationally; crypto exchange
Instarem (NIUM)	Major Payment Institution (PS20200276)	Near-mid-market rate; transfers to 60+ countries	From 0.4%; transparent fee shown before confirmation	Sending remittances; international transfers; travel spending

All three platforms are MAS-licensed and regulated under Singapore’s Payment Services Act 2019. Wise’s 2025 research found Singapore users save up to 3x on international transactions compared to standard Singapore bank accounts. For destinations where cash is truly necessary (rural Japan, parts of Indonesia, smaller Vietnam cities), exchange physical cash at The Arcade or Mustafa before departure and use your digital card for everything else.

• Wise: wise.com/sg — MAS Licence PS20200413
• Revolut: revolut.com/en-SG — MAS Licence PS20200326
• Instarem: instarem.com — MAS Licence PS20200276 (NIUM Pte. Ltd.)

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10 Tips to Get the Best Exchange Rate in Singapore

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MAS Regulation: Are Singapore Money Changers Safe?

All licensed money changers in Singapore operate under a Money-Changing Licence issued by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. The PS Act replaced the older Money-Changing and Remittance Businesses Act and introduced updated AML/CFT (Anti-Money Laundering / Countering Financing of Terrorism) compliance requirements for all operators.

• Verify any money changer’s licence at: MAS Financial Institutions Directory — Payments sector
• ID presentation is legally mandatory for all foreign currency exchange transactions in Singapore — this is a MAS requirement, not a shop policy
• Licensed money changers are required to maintain AML records and report suspicious transactions to MAS
• The MAS licensing system means that all operators in Singapore shopping malls and listed hubs are regulated — there are no “black market” money changers operating in mainstream locations
• If a money changer cannot produce their MAS licence on request, do not transact

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Frequently Asked Questions

Where is the best money exchange in Singapore for USD, EUR, and major currencies?

The Arcade at 11 Collyer Quay, Raffles Place, consistently offers the most competitive rates for major currencies (USD, EUR, GBP, AUD, JPY, CHF) due to the concentration of 20+ competing booths in one building. Check CashChanger.co before visiting to confirm which specific booth has the best rate that day. The Arcade operates Monday to Friday 9:30am–6:30pm and Saturday morning — it is closed on Sundays and public holidays.

Where is the best money exchange for Indian Rupee (INR) in Singapore?

Mustafa Foreign Exchange at Mustafa Centre in Little India (145 Syed Alwi Road) offers the best INR rates in Singapore, typically 0.5–1% better than citywide competitors. It is also the only major money changer in Singapore with 24-hour, 7-day operations including public holidays. Phone: +65 6295 5855.

Where is the best place to exchange Philippine Peso (PHP) in Singapore?

Lucky Plaza on Orchard Road is the best location for PHP exchange in Singapore. The high concentration of Filipino workers in the Orchard area creates intense competition among booths. Rabi Trading (#01-37) and Rahiman Trading (#B1-10) are the most frequently cited for competitive PHP rates. Lucky Plaza is accessible from Orchard MRT (Exit C).

Can I exchange money 24 hours in Singapore?

Yes. Mustafa Foreign Exchange at Mustafa Centre (145 Syed Alwi Road, Singapore 207704) operates 24 hours a day, 7 days a week including public holidays. Changi Airport money changers (Prosegur Change and Travelex) also operate 24 hours but at significantly less competitive rates — 5–8% above mid-market. For late-night exchanges at a fair rate, Mustafa is the right choice.

Are money changers in Singapore cheaper than banks?

Yes, for most transactions. Licensed money changers in Singapore’s competitive hubs (The Arcade, Mustafa, People’s Park Complex) typically offer rates 0.3–1% above the mid-market exchange rate. Singapore bank walk-in counter rates are typically 1–3% above mid-market for the same currencies. For a $5,000 exchange, using a good money changer instead of a bank saves $35–$100. For overseas card spending, Wise and Revolut outperform even the best money changers by offering near-mid-market rates with no cash handling markup.

Do money changers in Singapore accept damaged or old foreign notes?

Generally no. Singapore money changers typically refuse foreign currency notes that are torn, marked with ink or stamps, significantly worn, or in older pre-2000 series (especially USD older than the 2006 series). Clean, undamaged, newer-series notes get the best rates. USD 100 bills issued before the 2006 redesign are often refused or accepted at a discount. If in doubt, check before handing over notes — money changers will tell you at the counter.