I have asked previously but didn't get a great answer. Since you're staying at Orchard Road, you could try Lucky Plaza as there are many money changers in the basement and ground level, rates are competitive and you could do a few minutes tour and compare the rates among them.
Just recently changed some currencies at an authorized money changer outlet outside People's Park Complex and I notice that there's always a long queue so I presume rate is pretty good.
Forex in Singapore is a fairly competitive industry and the rates are much better than the UK and from commentary here much better than typical Australian rates. It does mean that variation is much smaller so while travelling may get you a better rate, its not a great deal of help if the small variation means it cost you more in the MRT fare to get there than you gained - especially on the sort of sums a tourist is trading in. THis gives you a good gold standard of Forex rates for Singapore.
If the changer beats that they are very good if they match or come close they are decent to good. Unlike some countries you will find the rates even at the airport changers will be fairly competitive with the city centre.
There's lots of changers around so they have to compete well. This topic has been closed to new posts due to inactivity. We hope you'll join the conversation by posting to an open topic or starting a new one. We remove posts that do not follow our posting guidelines, and we reserve the right to remove any post for any reason.
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