You’re planning a trip to Singapore and you need to exchange your currency. You’ve heard about the Arcade Exchange Singapore, but you’re not sure if it’s the best place to go. The Arcade is located in Raffles Place, the business centre of Singapore, and it is known for having a large number of reputable money changers that offer competitive rates.
When exploring the Arcade, you’ll find a variety of money changers that offer different rates for various currencies. It’s important to do your research and compare rates before making a decision. You can also check online for updated rates and reviews of the different money changers at the Arcade.
Currency exchange is an essential part of travelling, and finding the best rates can save you a lot of money. The Arcade Exchange Singapore is a popular destination for travellers looking to exchange their currency. With a little research and some knowledge of currency exchange essentials, you can get the best rates and make the most of your money.
Key Takeaways
- The Arcade Exchange Singapore is located in Raffles Place and offers a variety of reputable money changers.
- It’s important to do your research and compare rates before exchanging your currency.
- With some knowledge of currency exchange essentials, you can get the best rates and make the most of your money.
Exploring The Arcade at Raffles Place
If you’re looking for a place to exchange currency in Singapore, The Arcade at Raffles Place is an excellent option. This historic building is located in the heart of Singapore’s financial district, making it a convenient location for locals and tourists alike. Here are some reasons why you should consider visiting The Arcade for your currency exchange needs.
Historical Significance
The Arcade was built in 1903 and is one of the oldest buildings in Singapore. It was originally known as the Electric House and was one of the first buildings in Singapore to have electricity. The building has gone through several renovations over the years, but it still retains its historic charm. When you visit The Arcade, you’ll feel like you’re stepping back in time.
Central Location and Accessibility
The Arcade is located in Raffles Place, which is the central business district of Singapore. This means that it’s easily accessible by public transport, including the MRT and buses. If you’re staying in a hotel in the area, you can easily walk to The Arcade. The central location of The Arcade also means that there are plenty of other things to do in the area, such as shopping and dining.
When you visit The Arcade, you’ll find a variety of money changers offering competitive exchange rates for various currencies. The staff at most of the changers have excellent communication skills to ensure smooth transactions. You can also check the exchange rates on electronic boards before making your transaction.
Overall, The Arcade at Raffles Place is a great option for currency exchange in Singapore. With its historic charm and central location, it’s a must-visit destination for anyone in the area.
Currency Exchange Essentials
If you are planning to exchange currency in Singapore, it is important to know the essentials of currency exchange. Here are some of the important things to keep in mind:
Identifying Trustworthy Money Changers
When exchanging currency, it is important to choose a trustworthy money changer. Look for money changers that have been in business for a long time and have a good reputation. Arcade Money Changers is a great option as they have been in the business since 1979 and have grown in trust and reliability. You can also check online reviews to see what other people have to say about a particular money changer.
Required Documentation
When exchanging currency, you will need to provide identification documents such as your passport. Money changers are required by law to verify your identity before completing the transaction. Make sure you have your passport with you when you visit the money changer.
Operating Hours
Most money changers in Singapore are open from Monday to Saturday. Some money changers are also open on Sundays. The operating hours may vary depending on the money changer, so it is important to check their website or call ahead to confirm their hours of operation.
When you visit a money changer, you can place an order for the currency you need. The money changer will confirm the exchange rate and the amount of currency you will receive. Once you confirm the order, you will receive a confirmation slip. Make sure you keep this slip safe, as you will need it to collect your currency.
In conclusion, when exchanging currency in Singapore, it is important to choose a trustworthy money changer, have your passport ready, and confirm the operating hours. With these essentials in mind, you can have a hassle-free currency exchange experience.
Getting the Best Exchange Rates
If you’re looking to exchange currency in Singapore, The Arcade is one of the best places to go. With multiple money changers in one location, you can easily compare rates and find the best deals. Here’s what you need to know to get the most out of your exchange:
Comparing Rates Among Money Changers
When you’re at The Arcade, take the time to compare rates among the different money changers. Rates can vary depending on the currency you’re exchanging, so it’s worth shopping around to find the best deal. You can use the search results to get an idea of the rates offered by different money changers at The Arcade.
Understanding Buy and Sell Rates
When you’re exchanging currency, you’ll see two different rates: the buy rate and the sell rate. The buy rate is the rate at which the money changer will buy your currency, while the sell rate is the rate at which they will sell you currency. The sell rate is usually higher than the buy rate, which means you’ll get less money when you exchange currency.
When to Exchange for the Best Deals
Exchange rates fluctuate constantly, so it can be hard to know when to exchange currency for the best deals. However, there are a few things you can keep in mind to help you get the most out of your exchange.
First, it’s a good idea to keep an eye on exchange rates before you travel. This will give you an idea of what to expect when you arrive in Singapore and can help you plan your budget.
Second, it’s often better to exchange currency in Singapore rather than in your home country. This is because money changers in Singapore often offer better rates than those in other countries.
Finally, try to avoid exchanging currency at airports or hotels. These places often offer poor exchange rates and high fees, which means you’ll get less money for your currency.
By following these tips, you can get the best exchange rates at The Arcade and make the most of your currency exchange.
Digital and Convenient Alternatives
If you’re looking for digital and convenient alternatives to exchanging cash at Arcade Money Changers, there are a few options available to you. In this section, we’ll explore two of the most popular options: using multi-currency accounts and currency exchange apps.
Using Multi-Currency Accounts
Multi-currency accounts allow you to hold and transact in multiple currencies, making them a convenient option for anyone who frequently travels or does business in different countries. One popular multi-currency account option is Wise, which allows you to add money in 21 currencies and keep and exchange money in over 50 currencies, including SGD, MYR, HKD, USD, EUR, GBP, JPY, and THB, among others.
Another multi-currency account option is offered by UOB Mighty FX, which allows you to store and spend 10 currencies, including SGD, HKD, USD, AUD, NZD, EUR, GBP, JPY, CAD, and CNH. With both Wise and UOB Mighty FX, you can manage your account and exchange currencies online or through their mobile apps, making it easy to access your money no matter where you are in the world.
Benefits of Currency Exchange Apps
Currency exchange apps are another digital and convenient option for exchanging currency. One popular app is Wise, which allows you to exchange currencies at the real exchange rate with no hidden fees. With Wise, you can exchange currencies in seconds, and the app will show you the exchange rate and the total cost of the transaction upfront, so you know exactly what you’re paying for.
Another popular currency exchange app is offered by Revolut, which allows you to hold and exchange 28 currencies at the interbank exchange rate with no hidden fees. With Revolut, you can also withdraw cash from ATMs around the world without any fees, and you can manage your account and exchange currencies through their mobile app.
Overall, digital and convenient alternatives like multi-currency accounts and currency exchange apps offer a convenient and cost-effective way to exchange currencies without having to visit a physical money changer. Whether you’re travelling for business or pleasure, these options can help you save time and money, and make your travels more enjoyable.
Popular Money Changers in Singapore
If you’re looking for a reliable money changer in Singapore, you have plenty of options to choose from. However, some money changers stand out from the rest, and are known for their competitive exchange rates and excellent service. In this section, we’ll take a look at three of the most popular money changers in Singapore.
Mustafa Foreign Exchange
Mustafa Foreign Exchange is one of the most popular money changers in Singapore, and for good reason. Located in the heart of Little India, this money changer is open 24 hours a day, seven days a week, making it a convenient option for travellers who need to exchange currency outside of regular business hours.
Mustafa Foreign Exchange offers competitive exchange rates for a wide range of currencies, including USD, EUR, GBP, AUD, and many more. They also offer a range of other services, such as remittance and travel insurance.
Crante Money Changer
Crante Money Changer is another popular money changer in Singapore, known for its competitive exchange rates and excellent service. Located in Lucky Plaza, this money changer is a convenient option for travellers who are staying in the Orchard Road area.
Crante Money Changer offers a wide range of currencies, including USD, EUR, GBP, AUD, and many more. They also offer remittance services, which can be a convenient option if you need to send money overseas.
Rabi Trading
Rabi Trading is a popular money changer located in People’s Park Complex. This money changer is known for its competitive exchange rates and excellent service, and is a popular choice for both locals and tourists.
Rabi Trading offers a wide range of currencies, including USD, EUR, GBP, AUD, and many more. They also offer remittance services, which can be a convenient option if you need to send money overseas.
Overall, these three money changers are some of the most popular and reliable options in Singapore. Whether you’re a local or a tourist, you can trust these money changers to offer competitive exchange rates and excellent service.
Frequently Asked Questions
Where can you find the most advantageous rates for currency exchange in Singapore?
If you are looking for the most advantageous rates for currency exchange in Singapore, you can find them at The Arcade. The Arcade is a popular spot for money changers, and you can find a variety of them there. You can shop around and compare rates to find the best deal.
What are the top-rated money changers in Raffles Place for the best deals?
Raffles Place is also a great spot for money changers. Some of the top-rated money changers in Raffles Place include Arcade Money Changers, Sheen International Exchange, and Arcade Plaza Traders Pte Ltd. These money changers offer competitive rates and reliable service.
Can you exchange currency online with the top Singaporean money changers?
Yes, some of the top Singaporean money changers offer online currency exchange services. You can check out their websites to see what currencies they offer and what rates they are offering. Some of the top Singaporean money changers with online services include CashChanger Singapore, Arcade Money Changers, and Sheen International Exchange.
Which currency exchange outlet in Singapore offers the best service for exchanging Thai baht?
If you are looking to exchange Thai baht, you can find the best service at Arcade Money Changers. They offer a wide range of currencies, including Thai baht, and they have competitive rates. They also have a reputation for reliable and efficient service.
Where in Singapore should you go for the most reliable Korean won exchange rates?
If you are looking for the most reliable Korean won exchange rates, you can find them at The Arcade. Some of the top money changers at The Arcade that offer Korean won include Sheen International Exchange and Arcade Money Changers.
Are there any highly recommended money changers at ARCADE Plaza Traders?
Yes, Arcade Plaza Traders Pte Ltd is a highly recommended money changer at The Arcade. They have been in business for more than three decades, and they have a reputation for reliable service. They cater to both locals traveling abroad and tourists visiting Singapore.