If you’re planning a trip to Singapore, it’s important to know where to exchange your currency. Mustafa Centre, located in the vibrant district of Little India, is a popular destination for tourists and locals alike. With a wide range of products and services, including 24-hour currency exchange, Mustafa Centre is a one-stop-shop for all your needs.
History of Mustafa Centre
Mustafa Centre was founded in 1971 as a small textile shop in Campbell Lane. Over the years, it has expanded to become a 24-hour shopping centre that covers an entire city block. Today, Mustafa Centre offers a wide range of products and services, including electronics, jewellery, clothing, and currency exchange.
Currency Exchange Services
One of the most popular services offered by Mustafa Centre is currency exchange. With competitive rates and 24-hour service, Mustafa Centre is a convenient and reliable option for exchanging your currency. Whether you need to exchange dollars, euros, or any other currency, Mustafa Centre has got you covered.
Key Takeaways
- Mustafa Centre is a popular shopping destination in Little India, Singapore.
- Mustafa Centre was founded in 1971 as a small textile shop and has since expanded to become a 24-hour shopping centre that covers an entire city block.
- Mustafa Centre offers a wide range of products and services, including 24-hour currency exchange with competitive rates.
History of Mustafa Centre
Founding of Mustafa
If you’re looking for a one-stop-shop in Singapore, Mustafa Centre is the place to go. This shopping mall, located on Syed Alwi Road in Little India, has become an iconic destination for locals and tourists alike, offering everything from groceries to gold jewellery, electronics to clothing, and of course, currency exchange.
Mustafa Centre was founded in 1971 by Mustaq Ahmad, a businessman from Uttar Pradesh, India. The first shop was established in Campbell Lane, Little India, selling readymade garments. However, it wasn’t until 1973 that Mustafa Centre moved to its current location on Syed Alwi Road. The new location was a 900 sq. ft. shop space rented along Serangoon Road, where electronic items were added to its range of products.
Evolution into a Currency Exchange Hub
Over the years, Mustafa Centre has grown to become one of the largest shopping malls in Singapore, with a retail space of over 400,000 sq. ft. and more than 300,000 items for sale. However, it’s not just the sheer size of the mall that has made it so popular; it’s also the range of services it offers, including currency exchange.
Mustafa Centre’s currency exchange service is open 24 hours a day, seven days a week, making it a convenient option for travellers arriving in Singapore at any time of day or night. The centre offers competitive exchange rates for a wide range of currencies, including US dollars, euros, Japanese yen, and more.
If you’re planning a trip to Singapore, be sure to stop by Mustafa Centre for all your shopping and currency exchange needs. With its wide range of products and services, you’re sure to find everything you need in one convenient location.
Currency Exchange Services
If you’re looking for a reliable and convenient place to exchange your currency, Mustafa Foreign Exchange in Singapore is the perfect destination for you. They offer a range of services to cater to your currency exchange needs, including foreign exchange, money exchange, and remittance services.
Foreign Exchange Rates
Mustafa Foreign Exchange provides competitive rates for a variety of currencies, including USD, THB, TWD, JPY, EUR, GBP, CAD, MYR, SGD, CNY, HKD, IDR, and PHP. They offer some of the best rates in Singapore, so you can be sure you’re getting a good deal. You can check their exchange rates online or visit their 24-hour counter at Mustafa Centre.
Money Exchange Services
Mustafa Foreign Exchange offers money exchange services both day and night, making it the perfect place to exchange your currency at any time of the day. They have a team of experienced and friendly staff who are always ready to assist you with your currency exchange needs. You can also bargain to get better rates, so don’t be afraid to negotiate.
Remittance Services
If you need to send money abroad, Mustafa Foreign Exchange also offers remittance services. They have limited online processes, but their in-person services are available 24/7. This means you can send money to your loved ones at any time of the day, no matter where they are in the world.
Overall, Mustafa Foreign Exchange is a reliable and convenient destination for all your currency exchange needs. With their competitive rates, friendly staff, and convenient location, you can be sure you’re getting the best deal possible. So, whether you’re exchanging cash or sending money abroad, Mustafa Foreign Exchange has got you covered.
Why Choose Mustafa for Currency Exchange
If you’re looking for a reliable and convenient place to exchange your currency, Mustafa Foreign Exchange in Singapore is an excellent option. Here are a few reasons why you should consider choosing Mustafa:
24/7 Operations
Mustafa Foreign Exchange is open 24/7, which means you can exchange your currency at any time of the day or night. This is perfect for those who arrive in Singapore late at night or who have early morning flights. You can rest assured that you’ll be able to exchange your currency whenever you need to.
Wide Range of Currencies
Mustafa Foreign Exchange offers a wide range of currencies, including Asian currencies such as the Pakistani Rupee, Bangladesh Taka, and Indian Rupee. They also offer major currencies such as the US Dollar, Australian Dollar, and New Zealand Dollar. Additionally, they provide lesser-known currencies such as the Bahrain Dinar, Jordanian Dinar, and Danish Krone. This means that you’ll be able to exchange almost any currency you need at Mustafa.
Bargaining Practices
Another great thing about Mustafa Foreign Exchange is that they allow bargaining. You can try to negotiate a better exchange rate if you’re exchanging a large amount of currency. This can save you money and give you a better deal overall.
Overall, Mustafa Foreign Exchange is a great choice for currency exchange in Singapore. With their 24/7 operations, wide range of currencies, and bargaining practices, you can rest assured that you’ll be able to exchange your currency conveniently and at a fair price.
Shopping at Mustafa Centre
If you are looking for a budget shopping experience in Singapore, Mustafa Centre is the place to be. Beyond currency exchange, Mustafa Centre offers a wide variety of products ranging from groceries to toiletries and clothes. The centre is open 24 hours a day, so you can shop at any time that suits you.
Beyond Currency Exchange
Mustafa Foreign Exchange is one of the most reliable and well-known money changers in Singapore. With competitive rates and 24-hour service, you can exchange your currency conveniently. However, there is more to Mustafa Centre than just currency exchange.
The centre has a vast array of products that cater to all your shopping needs. You can find anything from electronics to clothing and jewellery. The products are reasonably priced, making it an ideal place for budget shopping.
Budget Shopping Experience
Mustafa Centre is a paradise for budget shoppers. You can find a wide range of products at affordable prices. The centre has several floors, and each floor is dedicated to specific products. For instance, the first floor has a wide range of cosmetics and toiletries, while the second floor has electronics and household items.
The centre also has a food court where you can enjoy delicious Indian cuisine. Mustafa Cafe is a popular spot for locals and tourists alike. You can enjoy a hearty meal at an affordable price.
In conclusion, Mustafa Centre is not just a currency exchange centre. It offers a budget shopping experience that caters to all your shopping needs. With its competitive prices and 24-hour service, you can shop at any time that suits you.
Getting to Mustafa Centre
If you’re planning to visit Mustafa Centre for currency exchange, you’ll be pleased to know that it’s easily accessible by public transport. Here are some options for getting to the centre:
Public Transport Options
The nearest MRT station to Mustafa Centre is Farrer Park MRT. From there, it’s just a 3-minute walk to the centre’s entrance. If you’re coming from other parts of Singapore, you can take the MRT to Bugis or Little India station and transfer to the North-East Line to reach Farrer Park MRT.
If you prefer to take the bus, there are several bus lines that stop near Mustafa Centre. These include bus numbers 21, 23, 64, 65, 66, 67, 125, 130, 139, 141, 147, 857, and NR6. Be sure to check the bus schedule to ensure you arrive at the centre during its opening hours.
Nearby Attractions
After exchanging your currency at Mustafa Centre, you might want to explore the nearby attractions. If you’re a fan of shopping, you can head over to Parkway Parade or Marine Parade, both of which are popular shopping destinations. Chinatown is another great option, where you can find a wide range of souvenirs and local delicacies.
If you’re interested in exploring Singapore’s central business district, you can take the MRT from Farrer Park to Raffles Place station. From there, you can visit landmarks such as the Merlion statue and the Marina Bay Sands complex.
Overall, getting to Mustafa Centre is easy and convenient, with plenty of public transport options available. Whether you’re looking to exchange currency or explore the nearby attractions, Mustafa Centre is definitely worth a visit.
Frequently Asked Questions
What are today’s top currency exchange rates at Mustafa Centre?
Mustafa Centre offers competitive exchange rates for various currencies. The exchange rates are subject to change depending on the market conditions. You can check the current exchange rates at the Mustafa Centre’s foreign exchange counter or online.
When can I exchange currency at Mustafa Centre in Singapore?
Mustafa Centre’s currency exchange services are available 24/7. You can exchange your currency at any time of the day or night, making it a convenient option for travellers who arrive in Singapore outside of regular business hours.
How do I get the best exchange rates at Mustafa Centre?
To get the best exchange rates at Mustafa Centre, you can compare the rates offered by different money changers. You can also negotiate with the money changers to get a better rate. It’s always best to exchange your currency when the market conditions are favourable.
Can I check Mustafa’s currency exchange rates online before visiting?
Yes, you can check Mustafa Centre’s currency exchange rates online before visiting. This can help you plan your currency exchange in advance and ensure that you get the best rates possible.
What should I know about currency exchange services at Mustafa Centre?
Mustafa Centre’s currency exchange services are reliable and convenient. The minimum amount for currency exchange is SGD 50. You can exchange a variety of currencies, including USD, EUR, GBP, AUD, JPY, and CAD. However, traveller’s cheques are not accepted.
Are there any tips for exchanging money at Mustafa Centre in Singapore?
When exchanging currency at Mustafa Centre, it’s always best to bring your passport or identification card as it may be required for verification purposes. You should also count your money before leaving the counter to ensure that you have received the correct amount. Finally, be aware of the exchange rates and fees charged by the money changers to avoid being overcharged.