Are you looking for the best place to exchange your money in Singapore? Look no further than Lucky Plaza Money Changer, a shopping mall located on Orchard Road. Lucky Plaza is home to several money changers that offer competitive rates and various services to meet your needs.
When it comes to money changers, Lucky Plaza is a popular destination for both locals and tourists. With several options to choose from, you can easily compare rates and find the best deal. In addition to exchanging currency, many of the money changers also offer services such as remittance, travel insurance, and phone top-ups.
Whether you’re looking to exchange US dollars, Australian dollars, or Malaysian ringgit, Lucky Plaza has you covered. With so many options available, it’s important to do your research and compare rates to ensure you’re getting the best deal. Keep reading to learn more about the different money changers at Lucky Plaza and what they have to offer.
Key Takeaways
- Lucky Plaza is a popular destination for money changers in Singapore, offering competitive rates and a variety of services.
- There are several money changers located in Lucky Plaza, each offering different rates and services.
- When exchanging currency, it’s important to compare rates and do your research to ensure you’re getting the best deal.
Overview of Lucky Plaza Money Changers
If you’re looking for a reliable money changer in Singapore, Lucky Plaza is one of the best places to go. Located in the heart of Orchard Road, Lucky Plaza is a popular shopping centre that offers a wide range of products and services, including money exchange.
Location and Accessibility
Lucky Plaza is easily accessible by public transportation. The nearest MRT station is Orchard MRT (NS 22), which is just a two-minute walk from the shopping centre. If you’re coming by bus, there are several bus stops nearby that serve different parts of the city.
Operating Hours
Most of the money changers at Lucky Plaza are open seven days a week, from morning until late at night. The exact operating hours may vary slightly from one shop to another, but generally, you can expect them to be open from around 10:00 am until 8:30 pm on weekdays, and from 9:30 am until 6:30 pm on weekends.
When visiting Lucky Plaza, it’s recommended that you compare rates between different money changers before engaging in any services. This will help you get the best exchange rate possible for your currency. Some of the most popular money changers at Lucky Plaza include Rabi Trading, Mustafa Foreign Exchange, and Arcade Money Changers.
Overall, Lucky Plaza is a great place to exchange your money in Singapore. With its convenient location, wide range of services, and competitive rates, it’s no wonder why so many people choose to visit this shopping centre for their money exchange needs.
Types of Currencies Exchanged
At Lucky Plaza Money Changer, you can exchange a wide range of currencies. They offer competitive rates for currencies such as USD, SGD, JPY, TWD, THB, MYR, and PHP. In addition, they also exchange other currencies, including AUD, CAD, EUR, GBP, HKD, INR, IDR, KRW, NZD, and CNY.
If you’re looking to exchange a less common currency, it’s best to call ahead to ensure they have it in stock. Lucky Plaza Money Changer prides itself on having a wide selection of currencies available, but it’s always best to double-check before making the trip.
It’s worth noting that the exchange rates for each currency can vary depending on the day and time of your visit. Lucky Plaza Money Changer updates its rates regularly to ensure that customers get the best deal possible. You can check their website or call ahead to get the latest rates for your desired currency.
Overall, Lucky Plaza Money Changer is an excellent choice for exchanging currencies, offering a wide range of currencies at competitive rates. Whether you’re a tourist or a local, you can be sure to find the currency you need at Lucky Plaza Money Changer.
Comparing Rates
When looking for the best rates at Lucky Plaza money changers, it’s important to compare rates from different money changers. This will help you get the best deal for your currency exchange needs. Here are some tips for comparing rates:
Best Practices for Rate Comparison
- Check the rates of at least three money changers before making a decision. This will give you a good idea of the market rate and help you avoid being ripped off.
- Look for money changers that have a clear and transparent rate board. This will help you avoid hidden fees and charges.
- Avoid money changers that offer rates that are too good to be true. These money changers may have hidden fees or may be engaging in illegal activities.
- Always count your money before leaving the money changer’s booth. This will help you avoid getting shortchanged.
Tools and Apps for Currency Comparison
There are several tools and apps that you can use to compare currency rates. Here are some of the best ones:
- XE Currency Converter: This app allows you to compare live exchange rates for over 180 currencies. You can also set up alerts for when a currency reaches a certain rate.
- Oanda Currency Converter: This tool allows you to compare exchange rates for over 190 currencies. You can also view historical rates and set up alerts.
- Google Currency Converter: This tool allows you to quickly convert currencies using Google’s search engine. Simply type in the amount and currency you want to convert and Google will show you the current exchange rate.
By following these tips and using these tools, you can ensure that you get the best rates when exchanging currency at Lucky Plaza money changers.
Services Offered
If you are looking for a reliable money changer that offers competitive exchange rates, Lucky Plaza is the place to go. The money changers in Lucky Plaza offer a wide range of financial services to meet your needs. In this section, we will discuss the different services offered by the money changers in Lucky Plaza.
Currency Exchange
One of the primary services offered by the money changers in Lucky Plaza is currency exchange. The money changers offer exchange services for a wide range of currencies, including USD, SGD, EUR, JPY, and many more. You can exchange your currency for cash or travellers’ cheques. The exchange rates offered by the money changers are competitive and updated regularly to ensure that you get the best deal.
Remittance Services
If you need to send money to your loved ones overseas, the money changers in Lucky Plaza offer remittance services. They have partnerships with major banks and financial institutions worldwide, which allows them to offer fast and reliable remittance services. You can send money to your loved ones in a matter of minutes, and the rates are very competitive.
Additional Financial Services
Apart from currency exchange and remittance services, the money changers in Lucky Plaza also offer additional financial services. These include travel insurance, prepaid phone cards, and tax refund services. You can purchase travel insurance to protect yourself and your belongings while travelling. Prepaid phone cards are available for those who need to make international calls, and tax refund services are available for tourists who are eligible for tax refunds.
In conclusion, Lucky Plaza money changers offer a wide range of financial services to meet your needs. Whether you need to exchange currency, send money overseas, or purchase travel insurance, you can find it all in Lucky Plaza. The services offered are reliable, competitive, and convenient. So, the next time you need financial services, head over to Lucky Plaza.
Customer Experiences
Testimonials
When it comes to money changers, Lucky Plaza is known for having some of the best in Singapore. Customers have shared their experiences of exchanging money at Lucky Plaza on various online platforms. According to a review on TripAdvisor, the Middle Eastern man on the right-hand side of the bottom floor gives the best rates.
Another customer on TheSmartLocal praised Rabi Trading as one of the more popular money changers within Lucky Plaza with competitive rates for PHP, USD, and THB. Customers have also mentioned Rahiman Trading as a money changer with excellent rates for USD and SGD on SGTopChoice.
Service Quality
Apart from the rates, customers have also praised the service quality at Lucky Plaza’s money changers. According to a review on TheBestSingapore.com, Rabi Trading is a popular destination for crew members to exchange money due to their excellent services. The money changer is also known for its competitive exchange rates.
Overall, customers seem to be satisfied with the service and rates offered by the money changers at Lucky Plaza. However, it is always recommended to check the rates at multiple money changers before making a decision.
Money Changing Tips
Avoiding High Fees
When changing money at Lucky Plaza, it’s important to be aware of the fees charged by the money changers. Some money changers charge a flat fee per transaction, while others charge a percentage of the amount being exchanged. To avoid high fees, look for money changers that offer competitive rates and minimal fees.
It’s also important to be aware of the exchange rate being offered. Money changers often advertise “no commission” or “zero fees”, but may offer a lower exchange rate to compensate. To ensure you’re getting the best deal, compare the exchange rates offered by multiple money changers at Lucky Plaza.
Negotiating Better Rates
Don’t be afraid to negotiate for better rates when changing money at Lucky Plaza. Money changers are often willing to negotiate, especially if you’re exchanging a large amount of money.
Before negotiating, research the current exchange rate for the currency you’re exchanging. This will give you an idea of what a fair rate would be. When negotiating, be polite and respectful, and don’t be afraid to walk away if you’re not satisfied with the rate being offered.
Another way to negotiate for better rates is to exchange money during off-peak hours. Money changers may be more willing to offer better rates when business is slow.
By following these tips, you can save money when changing money at Lucky Plaza.
Regulations and Compliance
When it comes to money changers, regulations and compliance are of utmost importance. Lucky Plaza money changers are no exception. As a customer, you want to ensure that the money changer you are dealing with is licensed and regulated by the relevant authorities.
In Singapore, money-changing and remittance businesses are licensed and regulated under the Money-Changing and Remittance Businesses Act 1979 (MCRBA) by the Monetary Authority of Singapore (MAS) [1]. The MAS is responsible for ensuring that money changers comply with the regulations and guidelines set out in the MCRBA.
As a customer, you should always look for the MAS logo at the money changer’s premises. This logo indicates that the money changer is licensed and regulated by the MAS. You can also check the MAS website for a list of licensed money changers and remittance agents [2].
In addition to licensing and regulation, money changers are also required to comply with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. These regulations are in place to prevent money laundering and terrorist financing activities. Money changers must conduct customer due diligence (CDD) and report suspicious transactions to the authorities. Failure to comply with AML/CFT regulations can result in severe penalties and even criminal charges.
In summary, Lucky Plaza money changers are subject to strict regulations and compliance requirements. As a customer, you should always look for the MAS logo and ensure that the money changer you are dealing with is licensed and regulated. You can also rest assured that Lucky Plaza money changers comply with AML/CFT regulations to prevent money laundering and terrorist financing activities.
Promotions and Discounts
When it comes to exchanging currency, Lucky Plaza’s money changers offer competitive rates. However, some of them also provide promotions and discounts that can save you even more money.
For example, Rabi Trading offers a special rate for remittance services to the Philippines. You can enjoy a better exchange rate for PHP if you transfer money to the Philippines through their service.
Another money changer that offers promotions is Sapphire Money Changer. They provide a loyalty card that allows you to collect points for every transaction you make. You can then redeem these points for discounts or free transactions.
It’s worth asking the money changer if they have any promotions or discounts available. Some may offer better rates for larger transactions or during specific periods.
Overall, Lucky Plaza’s money changers provide excellent rates and services, but it’s always good to check for promotions and discounts to save even more on your currency exchange.
Frequently Asked Questions
Where can I find the most competitive exchange rates in Lucky Plaza?
If you’re looking for the best exchange rates in Lucky Plaza, head over to Rabi Trading. This money changer is popular among crew members for its excellent services and competitive exchange rates. You can find Rabi Trading at Lucky Plaza #01 – 37, 304 Orchard Road.
What are the top-rated money changers in Lucky Plaza for customer satisfaction?
Rahiman Trading is a top-rated money changer in Lucky Plaza for customer satisfaction. This money changer offers the best rates for USD and SGD. You can find Rahiman Trading at Lucky Plaza #01 – 51, 304 Orchard Road.
How can I find out today’s currency exchange rates at Lucky Plaza?
You can check today’s currency exchange rates at Lucky Plaza by visiting the money changers in the mall. Most money changers display their rates on electronic boards outside their shops. You can also check the rates online on websites like TheBestSingapore.com or TheSmartLocal.com.
Which money changer in Lucky Plaza is known for the best SGD to Baht rates?
If you’re looking for the best SGD to Baht rates in Lucky Plaza, head over to Mustafa Foreign Exchange. This money changer is known for its competitive rates for SGD to Baht. You can find Mustafa Foreign Exchange at Mustafa Centre, 145 Syed Alwi Road.
What are the operating hours for currency exchange services in Lucky Plaza?
Most currency exchange services in Lucky Plaza are open from 9:00 AM to 9:00 PM daily. However, some money changers may have different operating hours, so it’s best to check with them directly.
Can you recommend a money changer with great rates near Orchard Road?
If you’re looking for a money changer with great rates near Orchard Road, head over to Rabi Trading. This money changer is located at Lucky Plaza, which is just a short walk from Orchard Road. Rabi Trading offers competitive rates for various currencies, including USD, SGD, and THB.
