Best Money Changer for cheap Malaysian Ringgit (MYR) in Singapore (Updated 2022)

Best Money Changer for cheap Malaysian Ringgit (MYR) in Singapore (Updated 2022)

Malaysian Ringgit RM50 - 4th Series
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 2022).

Singapore-Malaysia border crossing is the busiet border crossing in the world. Many Malaysians and Singaporeans cross the border to Malaysia every day through Johor-Singapore Causeway or Tuas Second Link, even during COVID-19 pandemic.

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 2022)

  1. Fiat Money Changer (The Arcade, Raffles Place)
  2. Capital Forex Pte Ltd (Bukit Batok)
  3. JC Global (NorthPoint City, Yishun)
  4. Silver River Money Changer (Marina Square, City Hall)
  5. Eng Lok Money Changer (People’s Park Complex, Chinatown)

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).

Fiat Money Changer (The Arcade, Raffles Place)

Capital Forex Pte Ltd (Bukit Batok)

JC Global (NorthPoint City, Yishun)

Silver River Money Changer (Marina Square, City Hall)

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

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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.