If you’re travelling to Singapore, you’ll want to make sure you have the local currency on hand. And what better way to do that than by visiting a 24-hour money changer? These currency exchange services are available around the clock, making them a convenient option for travellers arriving late at night or early in the morning.
One of the biggest advantages of using a 24-hour money changer in Singapore is the convenience factor. You can exchange your currency at any time of the day or night, which is especially useful if you’re arriving late or departing early. In addition, many of these money changers are located in convenient locations such as shopping malls and tourist areas, so you won’t have to go out of your way to find one.
If you’re looking for a 24-hour money changer in Singapore, there are several top locations to choose from. Lucky Plaza, Mustafa Centre, and People’s Park Complex are all popular options, with competitive exchange rates and a wide range of currencies available. Some money changers even offer online booking services, so you can reserve your currency in advance and pick it up at your convenience.
Key Takeaways
- 24-hour money changers in Singapore offer convenient currency exchange services around the clock.
- Top locations for 24/7 currency exchange include Lucky Plaza, Mustafa Centre, and People’s Park Complex.
- Many money changers offer online booking services for added convenience.
Why Choose a 24-Hour Money Changer in Singapore?
If you’re travelling to Singapore, you’ll likely need to exchange your currency for Singapore dollars. While there are many money changers in Singapore, choosing a 24-hour money changer can offer several benefits.
Convenience and Accessibility
One of the main benefits of choosing a 24-hour money changer in Singapore is the convenience and accessibility it offers. With many 24-hour money changers located in popular areas such as Raffles Place, Lucky Plaza, Parkway Parade, Changi Airport, and the Central Business District, you can easily find a money changer no matter where you are in Singapore.
Additionally, 24-hour money changers allow you to exchange your currency at any time of the day or night, making it convenient for those who have busy schedules or arrive in Singapore outside of regular business hours.
Competitive Exchange Rates
Another benefit of choosing a 24-hour money changer in Singapore is the competitive exchange rates they offer. Many 24-hour money changers in Singapore, such as Thin Margin and Rabi Trading, offer similar exchange rates to those found in the Central Business District, which can help you save money on currency exchange.
The Arcade, located in Raffles Place, is known for its decent exchange rates, making it a popular choice for those who work in the area. Lucky Plaza is another popular location for money changers, with many offering competitive rates for PHP, USD, and THB.
Overall, choosing a 24-hour money changer in Singapore can offer convenience and competitive exchange rates. With many locations to choose from, you can easily find a money changer that suits your needs no matter where you are in Singapore.
Top Locations for 24/7 Currency Exchange
When you need to exchange currency outside of regular business hours, it can be tough to find a reliable money changer. Fortunately, there are a few locations in Singapore that offer 24/7 currency exchange services. Here are the top locations to consider:
The Arcade at Raffles Place
Located in the Central Business District, The Arcade is a popular spot for currency exchange. It offers a variety of money changers that operate 24/7, making it a convenient option for those who need to exchange currency at odd hours. Some of the recommended money changers at The Arcade include Crante Money Changer and Mustafa Foreign Exchange.
Mustafa Centre
Mustafa Centre is a well-known shopping destination in Singapore, but it’s also a great place to exchange currency. Mustafa Foreign Exchange is the only money changer in Singapore that offers 24/7 currency exchange services. It’s a reliable option for those who need to exchange currency outside of regular business hours.
Changi Airport
If you’re arriving in Singapore outside of regular business hours, Changi Airport is a convenient option for currency exchange. The airport offers several money changers that operate 24/7, including Travelex and Raffles Money Change. Keep in mind that airport money changers may offer less competitive rates compared to those in the city.
When exchanging currency, it’s important to compare rates and fees to ensure you’re getting the best deal. Additionally, be sure to bring your passport or other identification as it’s required for currency exchange in Singapore. With these tips in mind, you can exchange currency conveniently and efficiently in Singapore.
Understanding Exchange Rates and Services
When it comes to exchanging currencies, getting the best rate is crucial. In Singapore, there are a variety of options available to you, including physical money changers, online money changers, and 24-hour money changer apps. Understanding exchange rates and services can help you make the most informed decision.
Getting the Best Rates
Exchange rates change frequently, so it’s important to compare rates from different providers before making a transaction. When using a physical money changer, be sure to ask about the commission and any additional fees that may be charged. Online money changers and 24-hour money changer apps can offer competitive rates, but be sure to check the exchange rate and any additional fees before making a transaction.
One of the best ways to get the best exchange rate is to use a multi-currency account. This allows you to hold different currencies in one account and make transactions at the best exchange rate possible. Some banks and online money changers offer this service.
Additional Services Offered
In addition to currency exchange, some providers offer additional services such as payment and remittance services. Payment services allow you to make payments in different currencies, while remittance services allow you to send money overseas. These services can be useful if you need to make international payments or send money to family and friends overseas.
When using a physical money changer, be sure to ask about any additional services that may be offered. Online money changers and 24-hour money changer apps may also offer additional services, such as delivery or pickup options.
Overall, understanding exchange rates and services is important when choosing a money changer in Singapore. By comparing rates and considering additional services, you can make the most informed decision and get the best exchange rate possible.
Cash and Payment Alternatives
If you’re looking for a 24-hour money changer in Singapore, it’s important to consider your cash and payment options. Here are some alternatives to consider:
Multi-Currency Cards
Multi-currency cards are a great option for travellers as they allow you to hold multiple currencies on one card. You can use them to withdraw cash from ATMs or to make purchases at merchants that accept your card. Some popular multi-currency cards in Singapore include YouTrip and Wise. These cards offer competitive exchange rates and low fees, making them a great option for those who want to avoid the hassle of carrying cash.
Online and Mobile Solutions
If you prefer to go cashless, there are several online and mobile solutions available in Singapore. PayNow is a popular payment option that allows you to transfer funds directly to another person’s bank account using their mobile number or NRIC. You can also use currency converter apps like Transparent to get real-time exchange rates and convert currency on-the-go.
Another option to consider is opening a multi-currency account with a bank like Citibank. This allows you to hold multiple currencies in one account, and you can transfer funds between currencies at competitive rates.
Overall, there are many cash and payment alternatives available in Singapore that can make your travels more convenient and hassle-free. Whether you prefer to carry cash or go cashless, there’s an option out there that’s right for you!
Tips for Money Changing in Singapore
When travelling to Singapore, it is important to have the local currency on hand. Here are some tips to help you get the most out of your money changing experience:
Avoiding Unnecessary Fees
When exchanging currency, it is important to be aware of any fees that may be charged. Some money changers may offer lower exchange rates but charge a commission or other hidden fees. To avoid unnecessary fees, it is recommended to use a reliable money changer with a good reputation.
Safety and Security
When changing money, it is important to ensure your safety and security. Avoid changing money on the street or in unlicensed money changers. Instead, use a reputable money changer with a physical location. It is also recommended to use a money changer that is open 24 hours a day, so you can change your money at any time.
Bargaining
In Singapore, bargaining is not common when changing money. Most money changers offer fixed rates, so there is little room for negotiation. However, it is always worth asking if there are any promotions or discounts available.
Thin Margin
Thin Margin is a popular online money changer in Singapore that offers competitive rates with no hidden fees. They also offer a 24-hour service, so you can change your money at any time.
Travel Insurance
When travelling, it is important to have travel insurance to protect yourself from any unexpected events. Some travel insurance policies may cover lost or stolen money, so it is worth checking with your provider before you travel.
Public Transport
Singapore has an excellent public transport system, so it is easy to get around using buses and trains. It is recommended to use a stored-value card, such as an EZ-Link card, to pay for public transport. These cards can be purchased at any MRT station or 7-Eleven store.
Family and Friends
If you have family or friends in Singapore, it may be worth asking them to change your money for you. They may be able to offer a better rate than a money changer, and there will be no fees or commissions to pay.
By following these tips, you can ensure that you get the most out of your money changing experience in Singapore.
Frequently Asked Questions
Where can you find the best 24-hour money changer in Singapore?
When it comes to finding the best 24-hour money changer in Singapore, it’s important to do your research and compare rates. You can start by checking out the licensed money changers listed by the Monetary Authority of Singapore (MAS). Thin Margin is one such licensed money changer that offers competitive exchange rates and 24-hour online services. Other options include Mustafa’s Foreign Exchange and Raffles Money Change.
Are there any money changers open 24 hours at Singapore airport?
Yes, there are a few money changers that operate 24 hours at Singapore airport. These include Travelex and Currency Exchange International. However, it’s important to note that airport money changers often offer less favourable exchange rates compared to those found in the city.
How do you locate a 24-hour money changer near you?
You can easily locate a 24-hour money changer near you by using online directories such as Google Maps or Yelp. Simply type in “24-hour money changer” and your location, and you’ll be presented with a list of options. Alternatively, you can ask locals or hotel staff for recommendations.
What are the reviews for Mustafa’s 24-hour money changer service?
Mustafa’s Foreign Exchange is a popular choice among tourists and locals alike. The money changer is open 24 hours and offers competitive exchange rates. However, some customers have reported long wait times and slow service during peak hours.
Which 24-hour money changer offers the most favourable rates today in Singapore?
Exchange rates can fluctuate frequently, so it’s important to compare rates before making any transactions. Thin Margin and Raffles Money Change are known for offering competitive rates, but it’s always a good idea to check multiple money changers to find the best deal.
Is it possible to exchange currency at banks in Singapore at any hour?
Most banks in Singapore have fixed operating hours and do not offer 24-hour currency exchange services. However, some banks have extended hours on certain days of the week. It’s best to check with your bank for their specific operating hours and services offered.
Overall, Singapore has a wide range of 24-hour money changers to choose from. With a little research and comparison, you can find the best rates and services to suit your needs.