The 7 Biggest Currency Exchange Service in Singapore

Singapore, a global financial hub, is home to numerous currency exchange services catering to diverse needs. Among them, the following five stand out as the largest and most prominent:

• DBS Currency Exchange: DBS, one of Singapore’s leading banks, offers competitive exchange rates and a wide range of currencies. With an extensive network of branches and ATMs across the country, DBS makes currency exchange convenient and accessible.




• OCBC Currency Exchange: OCBC, another major bank in Singapore, provides comprehensive currency exchange services. Customers can exchange currencies at OCBC branches, ATMs, or through the bank’s online platform. OCBC is known for its favorable exchange rates and reliable service.




• United Overseas Bank (UOB) Currency Exchange: UOB, a leading financial institution in Singapore, offers currency exchange services at its branches and ATMs. UOB provides a diverse range of currencies and competitive exchange rates, making it a popular choice among individuals and businesses.




• HSBC Currency Exchange: HSBC, a global banking giant with a significant presence in Singapore, provides currency exchange services at its branches and online. HSBC offers competitive exchange rates and a wide selection of currencies, catering to the needs of international travelers and businesses.




• MoneyMax Currency Exchange: MoneyMax, a leading non-bank currency exchange company in Singapore, offers competitive exchange rates and a wide range of currencies. With multiple branches across the country, MoneyMax provides a convenient and reliable option for individuals and businesses seeking currency exchange services.

The 7 Biggest Currency Exchange Service near Singapore

Arcade Money Changers ( AMC sg )

• Address: The Arcade #01-18, 11 Collyer Quay, Singapore 049317
• Map: Click here
• Rating: 4.3 (146)
• Website:
• Opening hours:
  
  Monday: 9:30 AM – 6:30 PM

  Tuesday: 9:30 AM – 6:30 PM

  Wednesday: 9:30 AM – 6:30 PM

  Thursday: 9:30 AM – 6:30 PM

  Friday: 9:30 AM – 12:30 PM, 2:00 – 6:30 PM

  Saturday: 9:30 AM – 2:30 PM

  Sunday: Closed
• Reviews:
  
  Steve Barnes✭✭✭✭✭

  a month ago

  Locked in a good rate using the website. Got confirmation of order via email. Exchanged my cash. No mess, no fuss. Note counting machine makes it fast and easy to verify amounts. Recommended.

  Andrea Lim✭✭✭

  3 months ago

  Rates may be slightly better at times than the other store just opposite, but the service I got from one of the staff wasn’t worth it. Seeing he was busy attending to the next customer, I helped myself to an extra carrier bag (changed two currencies one for my friend) and the staff scolded me (How much does a plastic cost, really). They also didn’t have small notes and gave me $100 equivalents. Maybe they are only selectively polite or it was my luck meeting that staff. Will stick to my usual and not return.

  Javier Tan✭✭✭✭✭

  4 months ago

  Extremely efficient and smooth process, everything was explained clearly whether I needed top up or get back change. Best part is the exchange rate was good!

  Novice Novice✭✭✭✭✭

  4 months ago

  Was served by Mr. Jahar. Very friendly person. He let me know about their exchange rates and allow me to decide if I want to proceed. Very good exchange rates. Last but not least, they count the notes using machine and not using their hand and spit to flip through the notes.

  Kew “Mitsuwa” Pie✭✭✭✭✭

  5 months ago

  Better rates here than anywhere else. Operational staff are meticulous n friendly to customers.

Capital Forex Pte Ltd

• Address: 4 Bukit Batok Street 41, #01-78 Le Quest Shopping Mall, Singapore 657991
• Map: Click here
• Rating: 4.5 (73)
• Phone: +65 6260 4797
• Opening hours:
  
  Monday: 10:30 AM – 9:30 PM

  Tuesday: 10:30 AM – 9:30 PM

  Wednesday: 10:30 AM – 9:30 PM

  Thursday: 10:30 AM – 9:30 PM

  Friday: 10:30 AM – 9:30 PM

  Saturday: 10:30 AM – 9:30 PM

  Sunday: 10:30 AM – 9:30 PM
• Reviews:
  
  isaac tang✭

  3 months ago

  Charge me 3.84 rate to change 110rm to 28.60 sgd more than 15 percent forex fee. Contacted the police about this

  Adeline✭

  2 months ago

  Pl note that rate vary according to amount. Need to change sgd$350 and above to get the listed rate

  Val L✭

  a year ago

  Not sure what time open, but definitely not 10am stated on their door nor 10:30am on GOOGLE. Waste time.

  Zainal Abidin✭✭✭✭✭

  8 months ago

  Great place to find the best bukhoor(my opinion). Large selection of Oud perfumes are available here. The staff is very friendly. My go-to place for home fragrances and perfumes. And yes, they can change currencies too.

  LOL- Tuber✭✭✭

  a year ago

  1st time here, am neutral towards their policy, they are like wholesalers. If you exchange for large amounts then they will give you a reasonable rate. Yesterday rate online was abt 3.30-3.35rm for 1sgd. My friend needed to change for $100 they were only offering 3.20rm rate.

  Therefore if you are exchanging for large amount then you can consider this place, else consider other options.

Lion City Money Changer

• Address: 14 Scotts Road #03-68A Far East Plaza, Singapore 228213
• Map: Click here
• Rating: 4.8 (100)

City Money Changers (CMC)

• Address: 11 Collyer Quay, #01-17, Singapore 049317
• Map: Click here
• Rating: 4.5 (67)

Saj Exchange Raffles City Money Changer

• Address: 252 North Bridge Rd City Hall Raffles City Shopping Centre Basement One #B1-97 Behind BreadTalk, Singapore 179103
• Map: Click here
• Rating: 4.9 (78)

Silver River Money Changer

• Address: 6 Raffles Blvd, #02-260, Singapore 039594
• Map: Click here
• Rating: 4.3 (52)

Mustafa’s Foreign Exchange

• Address: 145 Syed Alwi Rd, Level 1, Singapore 207704
• Map: Click here
• Rating: 3.9 (110)

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Top Currency Exchange Service Alternatives in Singapore

The currency exchange service industry in Singapore is highly competitive and offers a wide range of alternatives. Here are three of the top currency exchange service providers that are popular in Singapore:

• 1. Money Changers:

  Money changers are small businesses or shops that specialize in buying and selling foreign currencies. They are a convenient and popular option for tourists and locals alike. Money changers in Singapore can be found in various locations, including shopping malls, tourist areas, and business districts. They offer competitive exchange rates and often have shorter queues compared to banks. Many money changers also provide additional services such as remittances, bill payments, and travel insurance.

• 2. Banks:

  Major banks in Singapore also offer currency exchange services to their customers. Banks typically provide a wide range of currencies, including both major and exotic ones. They may have dedicated foreign exchange counters or offer the service at their branches. While banks may not always offer the most competitive rates, they are considered a reliable and secure option. Some banks also provide the convenience of online or mobile banking for currency exchange transactions.

• 3. Online Currency Exchange Platforms:

  With the growth of technology, online currency exchange platforms have become increasingly popular in Singapore. These platforms allow individuals to compare exchange rates from different providers and make transactions online. They often offer competitive rates and lower fees compared to traditional money changers or banks. Online currency exchange platforms provide convenience and transparency, allowing users to transact anytime and anywhere. Some platforms may even offer additional features such as rate alerts and travel money cards.

These three alternatives provide different options for individuals looking for currency exchange services in Singapore. Whether you prefer the convenience of money changers, the reliability of banks, or the efficiency of online platforms, there are various choices to suit your needs.

Thank you for taking the time to read our article. For more in-depth reviews and comprehensive ratings on the Currency Exchange Service spots, please explore the recommended articles listed below.