{"id":37198,"date":"2014-07-15T02:23:43","date_gmt":"2014-07-15T06:23:43","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=37198"},"modified":"2020-07-31T05:56:21","modified_gmt":"2020-07-31T09:56:21","slug":"singapore-money-changers","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/singapore-money-changers\/","title":{"rendered":"Singapore Money Changers"},"content":{"rendered":"

Singapore Money Changers<\/strong><\/h2>\n

I love cash! When in Singapore its handy to have cash at all times. I\u2019ve found that most places in Singapore do accept credit cards. However If you don\u2019t have a pay wave or chip installed in your credit card you might not be able to make purchases at some locations.<\/p>\n

If you are not sure what I\u2019m talking about its the little chip on your card; see photo.<\/p>\n

This leaves us with good old cash.<\/p>\n

One of the down sides of exchanging currency is that there can be fees commissions and spread all tied into your transaction which effectively reduces your exchange rate.<\/p>\n

I\u2019m not an expert or even close on this. I do know that I want to get the maximum amount of the new currency as possible.<\/p>\n

Money changes are plentiful and everywhere in Singapore. Every mall I\u2019ve been to has had at least one money changer.<\/p>\n

For a few months now I\u2019ve heard about Change Alley which is a shopping area with an abundance of money changers who have very competitive rates. I decided to go check it out.<\/p>\n

Confusingly Change Alley isn\u2019t where all the money changers are. You need to head right next door to The Arcade to find the money changers.<\/p>\n

The best rates for exchange I\u2019ve found so far is at The Arcade near Change Alley.<\/p>\n

Once you find yourself in The Arcade there are a lot of money changers mixed with the other shops. I was there around 11am and there where queues at all the money changers.<\/p>\n

Fortunately they display their rates on monitors that are easily visible from the walk way so you can compare rates without waiting in line and asking.<\/p>\n

I found that the rates were all within a smidgen when I was there. 1.2935 to 1.2925 quite competitive. the published rate when I was there according to google.com was 1.30<\/p>\n

I was in a hurry and was exchanging only a few hundred USD so I didn\u2019t look around for the absolute best rate.<\/p>\n

 <\/p>\n

A few tips when exchanging currencies:<\/strong><\/h2>\n

1. Ask for a better rate. I usually exchange $500USD or more and they will usually offer a slightly better rate.
\n2. You get better rates for larger bills than smaller bills. Some of the smaller money changers in the mall\u2019s don\u2019t want bills smaller than USD$20\u2019s.
\n3. If you have never been to a money changer before find the currency you want to exchange, in this example we will use USD. Find the BUY line that is how much you will get for $1USD in the local currency. Easy way to remember this. They will buy your $1USD for $1.298SGD.<\/p>\n

 <\/p>\n

Getting there.<\/strong><\/h2>\n

11 Collyer Quay, Singapore 049317<\/p>\n

If you come from Raffles Place you will need to walk through the tight corridors to the Collyer Quay side then head up the small escalator.<\/p>\n

Coming from the MRT get off at Raffles Place. Head above ground and you will be in Change Alley. I would recommend walking straight past all the shops until you get to Collyer Quay make a right and they arcade and the escalator up is right there.<\/p>\n

Here is<\/b> probably the most extensive ebook on <\/b>Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments<\/i><\/b>. It is called<\/b> The<\/b> Ultimate Guide To Going Offshore<\/b><\/a>.\u00a0 Visit our bookstore to purchase it today!<\/b><\/p>\n

I hope you enjoyed reading this article: Singapore Money Changers. If you have any questions, please contact<\/b> our office HERE<\/b><\/a>.<\/b><\/p>\n

I’ve included some great articles for you to read, enjoy!<\/b><\/p>\n

Singapore <\/a><\/strong><\/p>\n

How to Use Chopsticks when in Singapore <\/a><\/strong><\/p>\n

Proper Table Manners in Singapore <\/a><\/strong><\/p>\n

Buying Gold Bullion In Singapore <\/a><\/strong><\/p>\n

Interview with Bullionstar Moving Family and Business to Singapore <\/a><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore Money Changers I love cash! When in Singapore its handy to have cash at all times. I\u2019ve found that most places in Singapore do accept credit cards. However If you don\u2019t have a pay wave or chip installed in your credit card you might not be able to make purchases at some locations. If […]<\/p>\n","protected":false},"author":308,"featured_media":37328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[3],"tags":[29590],"yst_prominent_words":[29281,29282,29280,4947,9474,29275,29279,29276,3092,6866,1734,1960,29277,29274,29278,3040,7474,3755,29589,29588],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2014\/07\/singapore-1234645_1280.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37198"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/308"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=37198"}],"version-history":[{"count":3,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37198\/revisions"}],"predecessor-version":[{"id":37329,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/37198\/revisions\/37329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/37328"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=37198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=37198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=37198"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=37198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}