If you’re looking for a reliable and convenient place to exchange your money in Singapore, Parkway Parade is one of the best options available. Located in the heart of Marine Parade, this shopping mall is home to several money changers that offer competitive exchange rates and a range of currency exchange services. Whether you’re a tourist or a local, Parkway Parade money changers can help you get the most out of your money.
One of the main advantages of Parkway Parade money changers is their strategic location and accessibility. The mall is easily accessible by public transport and has ample parking for those who prefer to drive. Additionally, the money changers are located on the ground floor, making them easy to find and access. With their extended operating hours, you can exchange your money at your convenience, even on weekends and public holidays.
If you’re unsure about which Parkway Parade money changer to choose, you can use online resources to compare their rates and services. Many money changers have websites that allow you to check their exchange rates in real-time, as well as reviews from other customers. By doing your research and comparing rates, you can ensure that you get the best deal possible.
Key Takeaways
- Parkway Parade is a popular shopping mall in Singapore that offers several money changers with competitive exchange rates and a range of currency exchange services.
- The strategic location and accessibility of the money changers make them a convenient option for locals and tourists alike.
- By using online resources to compare rates and reviews, you can ensure that you get the best deal possible when exchanging your money at Parkway Parade.
Overview of Parkway Parade Money Changers
If you are looking for a money changer in Singapore, Parkway Parade is the go-to destination for many locals and tourists. This six-storey shopping centre has approximately 300 shops, and most of the recommended money changers are located on Level 1. Here’s a quick overview of some of the money changers you can find in Parkway Parade:
Everpeace Money Changer
Everpeace Money Changer is one of the most popular money changers in Parkway Parade. They offer competitive exchange rates for a wide range of currencies, and they are open every day from 10:00am to 9:00pm. You can find them at #01-26.
Sino Money Changer
Sino Money Changer is another well-known money changer in Parkway Parade. They offer a range of currencies, including less common ones, and they are open every day from 10:30am to 8:00pm. You can find them at #01-01.
Rahiman Trading
Rahiman Trading is a smaller money changer in Parkway Parade, but they offer competitive rates for a range of currencies. They are open every day from 10:00am to 9:00pm, and you can find them at #B1-54.
Rabi Trading
Rabi Trading is a money changer that specializes in Japanese Yen. They offer competitive rates and are open every day from 10:00am to 9:00pm. You can find them at #01-55.
Crante Money Changer
Crante Money Changer is a smaller money changer in Parkway Parade, but they offer competitive rates for a range of currencies. They are open every day from 10:00am to 9:00pm, and you can find them at #01-04.
Emerald Money Changer
Emerald Money Changer is a smaller money changer in Parkway Parade, but they offer competitive rates for a range of currencies. They are open every day from 10:00am to 9:00pm, and you can find them at #B1-53.
Overall, Parkway Parade is a great place to exchange your money in Singapore. With so many money changers to choose from, you are sure to find one that offers competitive rates and excellent service.
Currency Exchange Services Offered
If you’re looking for a reliable and convenient place to exchange your foreign currency, Parkway Parade Money Changers is the perfect place for you. Here, you can enjoy a range of currency exchange services that are designed to meet your needs.
Competitive Exchange Rates
One of the most attractive features of Parkway Parade Money Changers is its competitive exchange rates. You can be assured that you will receive the best rates for your foreign currency. They offer some of the best rates in Singapore, which means you can get more for your money.
Diverse Currency Options
At Parkway Parade Money Changers, you have access to a diverse range of foreign currencies. They offer a variety of currencies from around the world, so you can exchange your currency for the one you need. Whether you need US dollars, Australian dollars, or euros, they have got you covered.
Remittance Services
Parkway Parade Money Changers also offers remittance services, allowing you to send money to your loved ones overseas. Their remittance services are fast, reliable, and secure. You can be assured that your money will be transferred safely and quickly.
In summary, Parkway Parade Money Changers offers a range of currency exchange services that are designed to meet your needs. With competitive exchange rates, diverse currency options, and remittance services, you can be assured that you’re getting the best deal for your foreign currency.
Strategic Location and Accessibility
If you are looking for a money changer in Singapore, Parkway Parade is an excellent location to consider. The mall is strategically located in the heart of Katong, a vibrant neighbourhood in the East Coast of Singapore.
Proximity to Dakota MRT
One of the main reasons why Parkway Parade is a popular choice for money changers is its proximity to the Dakota MRT station. The station is just a few minutes’ walk from the mall, making it easy for you to get there by train. This is especially convenient if you are coming from other parts of Singapore.
Bus Lines Accessibility
In addition to the MRT, Parkway Parade is also well-connected by bus. The mall is served by several bus lines, including 15, 31, 36, 43, 48, 76, and 135. This means that you can easily get to Parkway Parade from different parts of Singapore, including Marine Parade Rd and East Coast Park.
Ease of Access from Marine Parade Rd
If you are driving, Parkway Parade is easily accessible from Marine Parade Rd. The mall has a large car park with ample parking spaces, so you don’t have to worry about finding a spot to park your car.
Overall, the strategic location and accessibility of Parkway Parade make it an ideal location for money changers in Singapore. Whether you are coming by train, bus, or car, getting to Parkway Parade is easy and convenient.
Operating Hours and Convenience
Are you planning to exchange currency at Parkway Parade? Lucky for you, most of the money changers at Parkway Parade are open daily from 9:00 AM to 9:00 PM. If you need to exchange currency outside of those hours, there are still options available to you.
Open Late Options
Sino Money Changer, located at #01-01, is open until 8:00 PM daily. This makes it a great option if you need to exchange currency after the other money changers have closed.
Weekend Services
If you need to exchange currency on the weekend, many of the money changers at Parkway Parade are open on Saturdays and Sundays. For example, Sino Money Changer is open from 10:30 AM to 6:00 PM on Sundays. Parkway Money Changer is open from 9:00 AM to 9:00 PM on Saturdays and from 9:00 AM to 8:00 PM on Sundays. Everpeace Money Changer is open from 9:00 AM to 9:00 PM on Saturdays and from 9:00 AM to 8:00 PM on Sundays.
It’s important to note that all store operating hours may be subject to changes. For more information, please contact individual retailers directly to check the latest store operating hours.
Comparison with Other Money Changers
When it comes to exchanging money, Parkway Parade offers a variety of options. However, you might be wondering how it compares to other popular money changers in Singapore. Here’s a quick rundown of how Parkway Parade stacks up against some of the other major players in the city.
Rates Comparison with The Arcade
The Arcade at Raffles Place is a popular spot for money changers, and for good reason. However, when it comes to rates, Parkway Parade holds its own. In fact, some of the money changers at Parkway Parade offer rates that are just as competitive as those at The Arcade. So, if you’re looking for a good deal, don’t overlook Parkway Parade.
Service Variety Against Mustafa Centre
Mustafa Centre is known for its wide range of services, including money changing. However, Parkway Parade also offers a variety of services, including remittance. So, if you’re in need of more than just money changing, Parkway Parade might be a better option for you.
Accessibility Versus Raffles Place
Raffles Place is another popular area for money changers, but it can be crowded and difficult to navigate. Parkway Parade, on the other hand, is located in a more central area and is easily accessible by public transportation. Plus, it’s not as crowded as some of the other popular money changing spots, so you can get in and out quickly.
Overall, Parkway Parade offers a convenient and competitive option for money changing in Singapore. While it may not have the same reputation as some of the other popular spots, it’s definitely worth considering if you’re in the area.
Tips for Getting the Best Exchange Rates
If you’re looking to exchange money at Parkway Parade, there are a few tips you can follow to get the best rates possible. Here are some things to keep in mind:
Understanding Market Rates
Before you head to a money changer, it’s important to have a general understanding of the current market rates. You can check the latest rates online or by using a currency converter app. Keep in mind that these rates are indicative and may not be the same as the rates offered by the money changers. However, having a rough idea of what the market rate is will help you identify whether the rates offered by the money changers are competitive or not.
Bargaining Strategies
When it comes to bargaining for the best rates, there are a few strategies you can use. Here are some tips:
- Compare rates: Before settling on a money changer, it’s a good idea to compare rates offered by different shops. This will give you an idea of what the competitive rates are and help you identify the best deal.
- Don’t be afraid to negotiate: Money changers are used to bargaining, so don’t be afraid to ask for a better rate. If you’re exchanging a large amount of money, you may be able to negotiate a better rate.
- Be polite: Remember to be polite when bargaining. Don’t be aggressive or rude, as this is unlikely to get you a better rate.
- Consider the fees: Money changers may charge a commission or other fees for their services. Make sure you understand what these fees are before agreeing to exchange your money.
By following these tips, you’ll be well on your way to getting the best rates possible for your currency exchange at Parkway Parade.
Regulatory Compliance and Safety
Ensuring regulatory compliance and safety is of utmost importance when it comes to money changers in Singapore. Parkway Parade money changers are fully authorised and licensed by the Monetary Authority of Singapore (MAS) and are required to adhere to their guidelines.
Monetary Authority of Singapore Guidelines
As per the MAS guidelines, money changers must maintain a high level of integrity, professionalism, and ethics in their dealings. They are required to conduct their business in a fair, transparent, and responsible manner. Parkway Parade money changers are authorised to deal with all banks and financial institutions all over the world as per the MAS rules and regulations.
Anti-Money Laundering Measures
To prevent money laundering and terrorist financing, money changers are required to implement anti-money laundering (AML) measures. Parkway Parade money changers have implemented these measures and comply with the MAS guidelines. They conduct customer due diligence, monitor transactions, and report suspicious transactions to the authorities.
In addition to the guidelines set by the MAS, Parkway Parade money changers also take measures to ensure the safety of their customers. They have security measures in place to protect against theft and fraud. Some money changers also offer insurance coverage for customers’ transactions.
Overall, Parkway Parade money changers are committed to regulatory compliance and safety. They adhere to the guidelines set by the MAS and take additional measures to ensure the safety of their customers.
Digital Advancements in Money Changing
If you’re looking to change money at Parkway Parade, you might be interested in the digital advancements in the industry. With the rise of technology, the money changing industry has seen many changes in recent years. Here are some of the ways digital advancements have impacted the industry.
Use of Money Changing Apps
One of the most significant advancements in the money changing industry is the use of money changing apps. Many companies, such as Wise, offer apps that allow you to change money quickly and easily. With these apps, you can avoid the hassle of going to a physical money changer and waiting in line. Instead, you can change money from the comfort of your own home.
Benefits of Multi-Currency Accounts
Another digital advancement that has impacted the money changing industry is the rise of multi-currency accounts. These accounts allow you to hold multiple currencies in one account, making it easier to manage your money when travelling or doing business internationally. With a multi-currency account, you can avoid the hassle of constantly changing currencies and paying high fees.
In addition, multi-currency accounts often come with other benefits, such as lower fees for international money transfers. Companies such as Wise offer multi-currency accounts that are easy to use and come with many benefits.
Overall, digital advancements have made it easier than ever to change money and manage your finances. Whether you’re travelling internationally or doing business abroad, these advancements can help you save time and money.
Cultural and Economic Impact on Exchange
If you are planning to visit Singapore, you will likely need to exchange your currency for the Singapore Dollar (SGD). Parkway Parade is a popular destination for money exchange, offering competitive rates and convenient location. However, the exchange rate is not the only factor that affects the exchange process. In this section, we will explore the cultural and economic impact on exchange at Parkway Parade.
Influence of Asian Currencies
Singapore is located in Southeast Asia, and its economy is closely tied to the region. As a result, the exchange rate of SGD is influenced by the performance of other Asian currencies, such as the Japanese Yen (JPY), Chinese Yuan (CNY), and South Korean Won (KRW). For example, if the JPY strengthens against the SGD, it may become more expensive for Japanese tourists to visit Singapore, which could lead to a decrease in demand for SGD and a decrease in its exchange rate.
Effect of Tourism and Business
Tourism and business are two major drivers of the Singaporean economy, and they also impact the exchange process at Parkway Parade. During peak tourist season, such as the Chinese New Year or the Singapore Grand Prix, there may be a higher demand for SGD, which could lead to a higher exchange rate. On the other hand, during times of economic uncertainty, such as the COVID-19 pandemic, there may be a decrease in demand for SGD, which could lead to a lower exchange rate.
Moreover, the Central Business District (CBD) of Singapore is located nearby Parkway Parade, and it is home to many office workers and expatriates. These groups may have different currency needs and preferences, which could also affect the exchange process. For example, some expatriates may prefer to exchange their home currency for SGD at a specific money changer due to its reputation or location.
In conclusion, the exchange process at Parkway Parade is influenced by various cultural and economic factors, including the performance of Asian currencies, tourism and business cycles, and the preferences of office workers and expatriates. It is important to consider these factors when planning your currency exchange, and to choose a reputable money changer that offers competitive rates and convenient location.
Customer Experience and Reviews
Testimonials for Parkway Money Changers
If you are looking for a reliable and convenient money changer in Singapore, Parkway Parade is the place to go. Parkway Money Changers offer great rates and excellent customer service. Don’t just take our word for it, here are some of the testimonials from satisfied customers:
- “I have been using Parkway Money Changers for years and they always offer the best rates in town. The staff is friendly and efficient, and I never have to wait long to get my currency exchanged.” – John D.
- “I was in a rush to exchange some money before my flight and the staff at Parkway Money Changers were incredibly helpful. They got me the best rate and I was able to make my flight on time. Highly recommend!” – Sarah L.
- “I always use Parkway Money Changers when I visit Singapore. They have a wide range of currencies available and their rates are always competitive. Plus, their staff is knowledgeable and friendly.” – Michael W.
Online Ratings and Feedback
Parkway Money Changers have also received positive feedback online. Here are some of the reviews from various platforms:
- On Google Reviews:
- “Excellent service and rates. Highly recommended!” – 5 stars
- “The staff were very helpful and knowledgeable. Great experience!” – 5 stars
- “I always use Parkway Money Changers when I’m in Singapore. They have the best rates and the staff is friendly and efficient.” – 5 stars
- On Yelp:
- “I’ve been using Parkway Money Changers for years and they never disappoint. Their rates are always competitive and the staff is knowledgeable and friendly.” – 4 stars
- “I needed to exchange some currency at the last minute and the staff at Parkway Money Changers were incredibly helpful. They got me the best rate and I was able to make my flight on time. Highly recommend!” – 5 stars
- “I always use Parkway Money Changers when I’m in Singapore. They have a wide range of currencies available and their rates are always better than the banks.” – 4 stars
As you can see, Parkway Money Changers have a great reputation for providing excellent customer service and competitive rates. Whether you are a local or a tourist, you can trust Parkway Money Changers for all your currency exchange needs.
Additional Services and Products
Outward Money Transfer Facilities
If you need to make a payment or transfer money overseas, Parkway Parade money changers have got you covered. They offer outward money transfer facilities that are safe, secure, and hassle-free. You can transfer money to almost any country in the world, and the process is easy and straightforward. All you need to do is provide your identification documents, the recipient’s details, and the amount you wish to transfer. The money changers will take care of the rest.
Currency-Related Merchandise
In addition to money changing services, Parkway Parade money changers offer a range of currency-related merchandise that you can purchase. These include travel accessories, such as passport holders and luggage tags, as well as foreign currency notes, coins, and prepaid travel cards. You can also find commemorative coins and banknotes from various countries, which make great souvenirs or gifts for collectors.
Whether you need to transfer money overseas or purchase foreign currency, Parkway Parade money changers offer a range of additional services and products to meet your needs. With their friendly and knowledgeable staff, you can be sure that you will receive excellent service and advice. So, if you are planning a trip overseas or need to make a payment, head to Parkway Parade and take advantage of their convenient and reliable services.
Future Trends in Money Exchange
As the world becomes more connected, the money exchange industry is also evolving to keep up with the changing times. Here are some future trends that you can expect to see in the money exchange industry.
Technological Innovations
Technology is changing the way we do business, and the money exchange industry is no exception. With the rise of digital currencies and blockchain technology, we can expect to see more innovative solutions in the money exchange industry. For example, some companies are already using blockchain technology to make cross-border payments faster, cheaper, and more secure.
Mobile apps are also becoming more popular in the money exchange industry. With a mobile app, you can easily exchange currencies on the go, and some apps even offer real-time exchange rates. This is especially useful for travellers who need to exchange currencies quickly and efficiently.
Market Dynamics
The money exchange industry is also affected by market dynamics. For example, the value of currencies can fluctuate rapidly due to political and economic events. This can make it difficult for money exchange companies to offer competitive rates.
To stay competitive, money exchange companies will need to be more agile and responsive to market changes. They may also need to diversify their offerings to include more than just currency exchange. For example, some companies are already offering international money transfers and prepaid travel cards.
In conclusion, the money exchange industry is evolving rapidly, and we can expect to see more technological innovations and changes in market dynamics in the future. By staying up-to-date with these trends, you can make informed decisions about your money exchange needs.
Contact Information and Inquiries
If you have any questions or concerns regarding money changing services at Parkway Parade, you can easily get in touch with the money changers at the mall. Here’s how:
Store Directories
Parkway Parade has several money changers located within the mall. You can find their store directories on the Parkway Parade website. The store directories provide information on the location of the money changers, their opening hours, and contact details. You can also find information on the services offered by each money changer.
Customer Service Lines
If you have any inquiries or complaints, you can contact the Parkway Parade customer service team. The customer service team is available to assist you with any issues you may have. You can reach them by phone at +65 6344 1242 or by email at [email protected]. You can also visit the Parkway Parade website to submit an online inquiry.
To ensure that your inquiry is handled promptly, it is important to provide as much information as possible about your issue. This includes the name of the money changer you are inquiring about, the date and time of your transaction, and any other relevant details.
If you’re looking for a reliable and convenient money changer in Singapore, Parkway Parade has got you covered. With a variety of money changers to choose from, you can be sure to find one that meets your needs.
Frequently Asked Questions
What are the latest reviews for money changers in Parkway Parade?
If you’re looking for the latest reviews of money changers in Parkway Parade, you can check out The Best Singapore website. You can find reviews of the top-rated money changers in the area, along with their contact details and opening hours.
Where can I find the most competitive exchange rates at Parkway Parade?
Yakadir Enterprises is one of the most recommended money changers in Parkway Parade, and they offer competitive exchange rates. You can find them at Marine Parade Rd 80 #01-17 Parkway Parade. You can also check out The Best Singapore website for more information on the best places to exchange money in Singapore.
What are the opening hours for the top-rated money changers in Parkway Parade?
The opening hours for the top-rated money changers in Parkway Parade vary, but most of them are open from 10:00 AM to 9:00 PM daily. Some money changers like Sino Money Changer close at 8:00 PM, while others like Yakadir Enterprises are open until 9:00 PM.
How does the exchange rate at Parkway Parade compare to other places in Singapore?
Parkway Parade is known for having some of the best exchange rates in Singapore. However, exchange rates can vary depending on the money changer you choose and the currency you want to exchange. It’s always a good idea to compare rates from different money changers before making a decision.
Which is the most recommended money changer in the Marine Parade area?
Yakadir Enterprises is one of the most recommended money changers in the Marine Parade area. They have been in the money changing business for nearly three decades and are fully authorized and licensed by the Monetary Authority of Singapore. You can find them at Marine Parade Rd 80 #01-17 Parkway Parade.
Is it more advantageous to exchange Thai baht in Singapore rather than in Thailand?
It depends on the exchange rate and fees charged by the money changers in both countries. However, it’s generally more advantageous to exchange Thai baht in Thailand as you can get a better rate. If you need to exchange money in Singapore, it’s best to compare rates from different money changers to get the best deal.
