Singapore Business Review

7 Best Money Exchange Spots in Serangoon, Singapore

Here is a list of the best Money Exchange in Serangoon, Singapore, which have been rated and get positive reviews by users on Google My Business.

JC GLOBAL (PAYA LEBAR MRT)

  • Address: 30 Paya Lebar Road #01-01 Paya Lebar MRT Station, Singapore 409006
  • Map: Click here
  • Rating: 4.9 (355)
  • Phone: +65 6742 1817
  • Website: Link
  • Opening hours:
    Monday: 10:00 AM – 9:30 PM
    Tuesday: 10:00 AM – 9:30 PM
    Wednesday: 10:00 AM – 9:30 PM
    Thursday: 10:00 AM – 9:30 PM
    Friday: 10:00 AM – 9:30 PM
    Saturday: 10:00 AM – 9:30 PM
    Sunday: 9:00 AM – 9:00 PM
12 Hrs Money Exchanger in Serangoon, Singapore
12 Hrs Money Exchanger in Serangoon, Singapore

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The Ultimate Guide to the SGD Exchange Rate

The Singapore dollar (SGD) is the official currency of Singapore. The exchange rate between the SGD and other currencies, such as the US dollar (USD), is constantly fluctuating. There are a number of factors that can affect the SGD exchange rate, including:

  • Interest rates: When interest rates in Singapore are higher than interest rates in other countries, the SGD tends to appreciate against those currencies. Conversely, when interest rates in Singapore are lower than interest rates in other countries, the SGD tends to depreciate against those currencies.
  • Economic growth: When the Singapore economy is growing faster than other economies, the SGD tends to appreciate against those currencies. Conversely, when the Singapore economy is growing slower than other economies, the SGD tends to depreciate against those currencies.
  • Political stability: When there is political instability in Singapore, the SGD tends to depreciate against other currencies. Conversely, when there is political stability in Singapore, the SGD tends to appreciate against other currencies.
  • Trade balance: When Singapore has a trade surplus, meaning it exports more goods and services than it imports, the SGD tends to appreciate against other currencies. Conversely, when Singapore has a trade deficit, meaning it imports more goods and services than it exports, the SGD tends to depreciate against other currencies.
  • Speculation: Speculation is the buying and selling of currencies in the hope of making a profit. When there is a lot of speculation in the SGD market, the exchange rate can be more volatile.
  • News events: Major news events, such as natural disasters, wars, and political elections, can also affect the SGD exchange rate.

The SGD exchange rate is a complex and ever-changing market. The factors that affect the exchange rate can vary over time, and it is important to stay up-to-date on the latest news and developments in order to make informed trading decisions.

Here are some additional things to keep in mind when considering the factors that affect the SGD exchange rate:

  • The relative strength of the Singapore and US economies is one of the most important factors affecting the SGD/USD exchange rate. When the Singapore economy is strong, the SGD tends to appreciate against the USD. Conversely, when the US economy is strong, the SGD tends to depreciate against the USD.
  • The interest rate differential between Singapore and the United States is another important factor affecting the SGD/USD exchange rate. When interest rates in Singapore are higher than interest rates in the United States, the SGD tends to appreciate against the USD. Conversely, when interest rates in Singapore are lower than interest rates in the United States, the SGD tends to depreciate against the USD.
  • The risk appetite of investors is also a factor that can affect the SGD/USD exchange rate. When investors are risk-averse, they tend to sell the SGD and buy the USD. Conversely, when investors are risk-seeking, they tend to buy the SGD and sell the USD.
  • The SGD/USD exchange rate is also affected by a number of other factors, such as trade balance, speculation, and news events.

By understanding the factors that affect the SGD/USD exchange rate, you can make more informed decisions about when to buy or sell the SGD.

The 7 Best Money Exchange near Serangoon, Singapore

12 Hrs Money Exchanger in Serangoon, Singapore
12 Hrs Money Exchanger in Serangoon, Singapore

MoneyMax Pawnshop – NEX

  • Address: 23 Serangoon Central, #B1-54/55 NEX, Singapore 556083
  • Map: Click here
  • Rating: 4.9 (107)
  • Phone: +65 6235 9033
  • Website: Link
  • Opening hours:
    Monday: 10:00 AM – 9:30 PM
    Tuesday: 10:00 AM – 9:30 PM
    Wednesday: 10:00 AM – 9:30 PM
    Thursday: 10:00 AM – 9:30 PM
    Friday: 10:00 AM – 9:30 PM
    Saturday: 10:00 AM – 9:30 PM
    Sunday: 10:00 AM – 9:30 PM
  • Reviews:
    mvstore ewiny3✭✭✭✭✭
    2 months ago
    The shop is very nice and very good service. All designs are unique. I love to buy and will buy it more and more. Got present and very satisaifed. Love to shop here.
    SHANGER PANNERCHELVAM✭✭✭✭✭
    2 months ago
    Mam ann ow was really helpful for my Father’s Day gift ! She managed to get my ring gift within my budget and very customer friendly! I truly appreciate her help. 5 star service thumbs up! Customer service is key and she always has the smile up even tho the mask is there we can feel the happy vibes
    Claire M✭✭✭✭✭
    2 months ago
    Good service , very accommodating and very friendly staff and Thumbs up for this 2 staff Ms Cindy and Ms Ann. Thank you
    Haimeng Tan✭✭✭✭✭
    3 months ago
    Crystal koh very nice girl nice to talk to servicing very good nice to buy gold on her today 5/5/2023 I buy gold again from nice to talk and happy to buy from her
    KL Siek✭✭✭✭✭
    a month ago
    Very happy with Ms Chai Yen’s excellent service. She is helpful and gives her recommendation accordingly based on my preference and budget. Kudos to her!

Mustafa’s Foreign Exchange

  • Address: 145 Syed Alwi Rd, Level 1, Singapore 207704
  • Map: Click here
  • Rating: 3.9 (104)
  • Phone: +65 6292 9252
  • Website: Link
  • Opening hours:
    Monday: 10:00 AM – 11:00 PM
    Tuesday: 10:00 AM – 11:00 PM
    Wednesday: 10:00 AM – 11:00 PM
    Thursday: 10:00 AM – 11:00 PM
    Friday: 10:00 AM – 11:00 PM
    Saturday: 10:00 AM – 11:00 PM
    Sunday: 10:00 AM – 11:00 PM
  • Reviews:
    Zhilong Li
    9 months ago
    Don’t ever go to this shop. The screen states 0.993. After handing $1000sgd, gotten 968,000won only. This I asked why the rate is different from the screen and they acted, answered in a sneaking and FURTIVE behavior. It’s a complete cheat. I asked why there is two different rates to no avail. They even banged the glass window acting hostile. Please do not get scammed by this shop!
    Mueez Jamil✭✭✭✭
    2 months ago
    Good place to exchange foreign currency to sgd or vice versa. Rates are comparatively good as compared to othe, s especially ones at Airport..
    Sudhanshu Jain
    2 months ago
    I got a very bad rate for my currency exchange, it is always advised to confirm the rate with counter vs. shown on screen before exchanging currency with them. Not trustworthy.
    Semperfi05✭✭✭
    3 weeks ago
    Rushed down recently as google states that they are closed at 11pm. Have checked with them on their closing time and was told they are closed at 1.45am.
    Jake Kalifornia✭✭✭✭✭
    4 years ago
    The best currency exchange I have found in Singapore. They have excellent rates, which are usually within one cent or less of the actual rates for the day. The workers are very thorough and counted my money and other currency multiple times for accuracy. There is a lot of activity on that street, so make sure you hide you money well and that no one is watching/following you.

AJS Foreign Exchange

  • Address: 205 Hougang Street 21 03-00, Heartland Mall, Near Amore Fitness centre, Singapore 530205
  • Map: Click here
  • Rating: 4.6 (99)

Lion City Money Changer

  • Address: 14 Scotts Road #03-68A Far East Plaza, Singapore 228213
  • Map: Click here
  • Rating: 4.7 (64)

AL Thasneem Traders (Money Changer)

  • Address: 23 Serangoon Central, #B2-13 Nex Opposite McDonald’s, Singapore 556083
  • Map: Click here
  • Rating: 3.7 (57)

M.S. Money Exchange (Hougang Money Changer)

  • Address: 90 Hougang Ave 10, #05-K1 Hougang Mall, Singapore 538766
  • Map: Click here
  • Rating: 5 (45)

Dollar Money Changer

  • Address: 3 New Bugis Street, #01-200 MSV 2A, Singapore 188867
  • Map: Click here
  • Rating: 4.2 (44)

Thank you for reading! If you have any additional information on the best Money Exchange in Serangoon, Singapore, please leave a comment below. Paketmu would love to hear from you!

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5 Comments

  1. I’ve been changing money at JC Global for some time, they always have the best rates and personnel’s there are very patient! Highly recommended money changer 🤗

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