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Thread: Money Changer You Always Frequent?

  1. #1
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    Default Money Changer You Always Frequent?

    Hi,

    I'm changing 20k SGD to foreign exchange.

    Wondering which places offer the best rates.

    For hongkong dollar and Yen ESP.
    Does exchanging a bigger amount mean higher rates?

    newbie here.


    Thanks

  2. #2
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    Default Re: Money Changer You Always Frequent?

    Mustafa has some of the best rates:

    http://www.mustafa.com.sg/forex.asp

    compare this to the local banks (usually not so good rates) or local money changers in chinatown or at Raffles place

    Yen, just went down a little today (22 Apr)....not sure how it goes tomorrow

    HS

  3. #3
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by hongsien View Post
    Mustafa has some of the best rates:

    http://www.mustafa.com.sg/forex.asp

    compare this to the local banks (usually not so good rates) or local money changers in chinatown or at Raffles place

    Yen, just went down a little today (22 Apr)....not sure how it goes tomorrow

    HS

    Thanks for the swift reply.

    Change 100 and change 10k will have any diff? can ask for better rates?

  4. #4
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by anadivine View Post
    Thanks for the swift reply.

    Change 100 and change 10k will have any diff? can ask for better rates?
    I don't think they will have that amount equivalent in other currencies.......you may need to ask them beforehand. There may be a better rate if you change more, but you need to ask them not us :-)

    HS

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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by hongsien View Post
    I don't think they will have that amount equivalent in other currencies.......you may need to ask them beforehand. There may be a better rate if you change more, but you need to ask them not us :-)

    HS
    Yeap that true lol... what am i thinking... haha

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    Default Re: Money Changer You Always Frequent?

    normally my co. call up our regular ones and they'll come over to collect the cheques and do remittance as well if needed.
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  7. #7

    Default Re: Money Changer You Always Frequent?

    I just changed HK dollar last week, abt S$ 1 to HK$5.68 at parkway. The indian store just opposite Ya Kun. The 2 chinese money changers just beside will not give a good price initially... but when you want to walk away... they give you a "special" price. Ask around. Lucky plaza basement got one good rate too. Just ask around before commit.

  8. #8

    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by khtee View Post
    I just changed HK dollar last week, abt S$ 1 to HK$5.68 at parkway. The indian store just opposite Ya Kun. The 2 chinese money changers just beside will not give a good price initially... .
    This money changer does offer a good exchange rate. Changed there before, and I can say that the rates are better than banks (well, definitely) and those from Chinatown. There's one at Change Alley too which my friend told me of before.

    Good luck in ur search! It's always good for you to search around especially when you are changing such a huge sum, don't settle for what offered, but try to get the best deal.

  9. #9

    Default Re: Money Changer You Always Frequent?

    You can also look for Joseph at Chijmes. You won't miss the little corner shop when you cross the junction from Bras Basah to Raffles City.

  10. #10

    Default Re: Money Changer You Always Frequent?

    change alley is a good bet. there's a lot of money changers around for you to compare rate.

  11. #11
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by anadivine View Post
    Hi,

    I'm changing 20k SGD to foreign exchange.

    Wondering which places offer the best rates.

    For hongkong dollar and Yen ESP.
    Does exchanging a bigger amount mean higher rates?

    newbie here.


    Thanks
    For investment? If yes i guess it's best you go bank and open up a foreign currency account.Base on yen at 13.6, you will be carrying like 1.5mil yen with u in your pocket
    You will use less SGD to buy more foreign currency base on 20K
    Last edited by shawnlim; 24th April 2008 at 04:54 PM.

  12. #12

    Default Re: Money Changer You Always Frequent?

    If you are changing such an amount, you can call them to come to your place instead of you going down. Once, you find the best rate shop, give them a call to come to your place.

    Safer for your pocket, safer for you

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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by commander View Post
    If you are changing such an amount, you can call them to come to your place instead of you going down. Once, you find the best rate shop, give them a call to come to your place.

    Safer for your pocket, safer for you
    Wow i didnt know they had this service.. which changer do this?

    Quote Originally Posted by shawnlim View Post
    For investment? If yes i guess it's best you go bank and open up a foreign currency account.Base on yen at 13.6, you will be carrying like 1.5mil yen with u in your pocket
    You will use less SGD to buy more foreign currency base on 20K
    this is like opening an account using forex ritE?

  14. #14
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by anadivine View Post
    Wow i didnt know they had this service.. which changer do this?

    think normally most would, the one at parkway intro by the rest does that for us previously. now we changed to another one. dunno can give info here anot...

    we'll just call over, ask today's rates with the amount we wanna change. then if ok, either we bank in cheque to their account or via internet banking or they come collect, normally dun expect us to place 20k cash on table for them to count as well. nowadays is cashless transactions.
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by Del_CtrlnoAlt View Post
    think normally most would, the one at parkway intro by the rest does that for us previously. now we changed to another one. dunno can give info here anot...

    we'll just call over, ask today's rates with the amount we wanna change. then if ok, either we bank in cheque to their account or via internet banking or they come collect, normally dun expect us to place 20k cash on table for them to count as well. nowadays is cashless transactions.

    erm can pm me that contact details? thanks

  16. #16
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    Default Re: Money Changer You Always Frequent?

    HKD up so much..

    SGDHKD=X is 5.712 on the charts..
    Sheesh... i think i better wait awhile..

  17. #17
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    Default Re: Money Changer You Always Frequent?

    HKD should be down right? Thought it was still pegged to the US dollar?

  18. #18
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    Default Re: Money Changer You Always Frequent?

    Quote Originally Posted by wildstallion View Post
    HKD should be down right? Thought it was still pegged to the US dollar?
    you should check out how much usd went up.. yesterday till now esp..

    http://sg.finance.yahoo.com/q?s=USDSGD=X

    my gold also all down.. geeeez..
    Last edited by anadivine; 25th April 2008 at 05:29 PM.

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