Best Money Changer for cheap Malaysian Ringgit (MYR) in Singapore (Updated 2019)

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We go through the Malaysian Ringgit (RM) exchange rates for most money changers in Singapore to find the best exchange rates for SGD/MYR (updated 2019).

Many Singaporeans, Singapore residents and tourists cross the border to Malaysia every day through Johor-Singapore Causeway or Tuas Second Link to take advantage of strong SGD/MYR for shopping.

Read our guide here on whether you should use a credit card or pay in cash when shopping overseas. As a rule of thumb, unless you are trying to accumulate rewards points or mileage for your credit cards, you will save more by saving in cash.

Knowing this, we have compiled a list of best money changers in Singapore.

 

Best Money Changer for cheap Malaysian Ringgit (MYR) in Singapore (Updated 2019)

  1. Eng Lok Money Changer (People’s Park Complex, Chinatown)
  2. Fiat Money Changer (The Arcade, Raffles Place)
  3. Humayun’s Money Changer (City Plaza, Paya Lebar/ Geylang)
  4. Capital Forex Pte Ltd (The Arcade, Raffles Place)
  5. Chulia Money Changer (Funan, City Hall)

 

How do we make the listing?

  1. We go through the money changers to identify the best rates for SGD/MYR.
  2. We search under the Monetary Authority of Singapore (MAS)’s directory to make sure that they are registered money changer (just in case)
  3. We read through their Google review and Facebook reviews and filter out those that have bad ratings (below 3 out of 5).

 

Malaysian Ringgit RM50 - 4th Series
Malaysian Ringgit RM50 Notes (4th Series – July 2009)

 

Eng Lok Money Changer (People’s Park Complex, Chinatown)

Opening Hours:

Monday-Sunday: 10:30 am – 9:30 pm

Contact Number:

+65 9655 2590

Address:

1 Park Rd, 01-61C, Singapore 059108

Review:

4.3 out of 5 from 10 Google Review (as of Nov 2019)

 

Fiat Money Changer (The Arcade, Raffles Place)

Opening Hours:

Monday-Friday: 9 am – 7 pm; Saturday 9 am – 3 pm

Contact Number:

+65 6224 0901

Address:

The Arcade #02-37, 11 Collyer Quay, 049317

Review:

4.5 out of 5 from 13 Google Review (as of Nov 2019)

 

Humayun’s Money Changer (City Plaza, Paya Lebar/ Geylang)

Opening Hours:

Monday-Sunday: 11 am – 8 pm

Contact Number:

+65 6745 3347

Address:

810 Geylang Rd, #01-59, Singapore 409286

Review:

3.6 out of 5 from 15 Google Review (as of Nov 2019)

 

Capital Forex Pte Ltd (The Arcade, Raffles Place)

Opening Hours:

Mon to Fri: 10 am to 8 pm; Saturday: 10 am to 5 pm; Sunday and Public holidays closed

Contact Number:

+65 6260 4797

Address:

11 Collyer Quay #02-01A The Arcade 049317

Review:

No reviews yet.

 

Chulia Money Changer (Funan, City Hall)

Opening Hours:

Daily 10:00am – 10:00pm

Contact Number:

+65 6954 6135

Address:

107 NORTH BRIDGE ROAD #B1-20 179105

Review:

4.8 out of 5 from 17 Google Review (as of Nov 2019)

 

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Author

Will T
A frequent traveler who loves to act like a local, dress like a local and eat like a local wherever he travels. Loves food. Loves to write about everything in Singapore.