Best Money Changers In Singapore With The Best Exchange Rates

Changing money in Singapore is a fascinating exercise, simply for the sheer number of tips, tricks, and secret locations that everyone seems to swear by.

But you also need to ask is it worth going through all the trouble? If you’re exchanging a couple hundred ringgit for a quick trip to JB, then simply head to your nearest money changer because the time and travel costs to head to the “best” money changer will eat up any savings you might have had. But, if you’re exchanging thousands of dollars for your year-end odyssey in far-flung Scandinavia, a bad exchange rate can set your budget back by a hundreds, if not thousands of dollars.

This causes money changers to provide better rates than their peers in order to capture a larger share of transactions . Which means better exchange rates for you. table { font-family:arial, sans-serif;border:0px;border-collapse:collapse;border-spacing:0px;} td, th { border:1px solid #dddddd;text-align:center;padding:0px;} .capitalize { text-transform:capitalize;}

If the quote from your local money changer is significantly lower than the rate displayed on xe.com, you’re probably better off with another changer. Do note that as xe.com displays market rates, money changers will never be able to match the rates you see. So a slight difference is to be expected . Get4x.com offers a similar service to Cashchanger.co, but with the added benefit of allowing you to lock in the currency rate you want with the money changer of your choice. You can then go down and exchange your money at the rate you booked.

This impacts you in two ways. Firstly, if the currency you want ends Friday on a high, you’re stuck with that rate. Secondly, to hedge against currency fluctuations which will affect the opening exchange rate on Monday, money changers apply a markup on the Friday rate.

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