Mustafa Money Changer Singapore: Your One-Stop Shop for Currency Exchange

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By Samantha Khoo

Looking for the best money changer in Singapore? Look no further than Mustafa Centre. Located in the heart of Little India, Mustafa Centre is a one-stop shop for all your shopping, dining, and currency exchange needs. With over 100,000 products available 24/7,

it’s no wonder Mustafa Centre is a popular destination for locals and tourists alike.

A bustling street in Singapore, with a prominent sign for "Mustafa Money Changer" and a diverse crowd of people passing by

When it comes to exchanging your money, Mustafa Centre’s foreign exchange services offer some of the best rates in Singapore. Mustafa Centre has covered whether you want to exchange US dollars, Euros, or Japanese Yen. With competitive rates and a convenient location, you can easily exchange your currency and explore everything Singapore offers.

So, if you’re looking for a reliable and convenient money changer in Singapore, head to Mustafa Centre. With its wide selection of products, competitive rates, and 24/7 availability, Mustafa Centre is the perfect choice for all your currency exchange needs.

1-Min Read: Quick Facts About Mustafa Money Exchange

Need to exchange some cash before your overseas trip, or maybe you have leftover foreign currency from your travels? Look no further than Mustafa Money Exchange, a Singaporean institution trusted for convenient and competitive currency exchange! Here’s why Mustafa should be your go-to:

  • 24/7 Convenience: Mustafa’s doors are always open no matter what time your flight arrives or departs. Need to exchange currency in the wee hours? Mustafa’s got you covered.
  • Great Rates: Competitive exchange rates are what you want, and that’s precisely what Mustafa offers. They deal with various currencies, from the usual suspects like USD and EUR to regional favourites like MYR and THB.
  • Prime Location: Situated in bustling Little India, Mustafa is easily accessible by public transport. Just alight at Farrer Park MRT station and follow the short walk to the iconic Mustafa Centre.
  • One-Stop Shop: Exchanging currency is just the beginning! Mustafa Centre is a mega-department store offering a mind-boggling variety of goods. Stock up on travel essentials, grab local snacks for your trip, or even treat yourself to a new gadget after exchanging your cash.

With its convenient location, extended hours, competitive rates, and the bonus of a shopping haven, Mustafa Money Exchange is a clear winner for Singaporeans looking for a hassle-free currency exchange experience. So next time you need to swap your cash, head down to Mustafa and see what this local legend offers.

Or you could head down to more details below!

History of Mustafa Money Changer

The bustling streets of Singapore's Little India are filled with colorful storefronts, and among them is the iconic Mustafa Money Changer. The vibrant sign and busy atmosphere capture the energy of this historical establishment

If you’re a frequent traveller to Singapore, you’ve probably heard of Mustafa Money Changer. This well-known currency exchange firm has existed since 1979 and is one of the country’s oldest and most successful money changers.

Mustafa Money Changer is located in the heart of Little India, inside the famous Mustafa Centre. The centre is a 24-hour shopping mall that offers a wide range of products and services, including currency exchange.

Mustafa Money Changer’s founders envisioned providing travellers with a reliable and trustworthy currency exchange service. They started small, but over the years, their business grew, and they became one of the most recognized names in the industry.

Mustafa Money Changer continues to provide customers with competitive exchange rates and excellent service. They offer many currencies, including the US dollar, Euro, British pound, and many more.

Over the years, Mustafa Money Changer has become a legacy in Singapore, and its reputation for providing reliable and trustworthy service has only grown. They continue to innovate and adapt to the changing times, ensuring that they remain one of the top currency exchange firms in the country.

In conclusion, Mustafa Money Changer has a rich history that spans over four decades. Their commitment to providing excellent service and competitive exchange rates has made them a household name in Singapore. If you’re looking for a reliable currency exchange service, you can’t go wrong with Mustafa Money Changer.

Services Offered

A bustling street in Singapore with a prominent sign for "Mustafa Money Changer" among other service offerings

Are you looking for a reliable and convenient money changer in Singapore? Look no further than Mustafa Foreign Exchange! They offer various services to cater to your foreign exchange needs. Here are some of the services provided by Mustafa Foreign Exchange:

Currency Exchange

Mustafa Foreign Exchange offers currency exchange services for currencies, including USD, EUR, GBP, JPY, and more. They offer competitive rates and are open 24/7, so you can exchange your currency anytime or night.

You can also bargain for better rates to get the best deal possible.

Remittance Services

Mustafa Foreign Exchange offers remittance services to help you do so quickly and easily if you need to send money abroad. They offer both in-person and limited online processes so that you can choose the best method.

They also update their rates regularly, so you can be sure you’re getting the best deal possible.

Multi-Currency Accounts

A multi-currency account can be excellent if you frequently travel or do business in different countries. Mustafa Foreign Exchange offers multi-currency accounts that allow you to hold and manage multiple currencies in a single account. This can help you save time and money on foreign exchange fees.

Mustafa Foreign Exchange offers a wide range of services to cater to your foreign exchange needs. Whether you need to exchange currency, send money abroad, or manage multiple currencies, they have you covered. Visit their website or head to their location at Little India to learn more about their services.

Exchange Rates and Fees

A busy mustafa money changer in Singapore displays exchange rates and fees on a large board

Mustafa Money Changer is an excellent option if you’re planning to exchange currency in Singapore. They offer competitive rates and fees, making it an attractive choice for many travellers.

Understanding Exchange Rates

Exchange rates are the rates at which one currency can be exchanged for another. Mustafa Money Changer offers competitive rates with other money changers in Singapore. The rates are updated regularly to ensure customers get the best deal possible.

The mid-market rate is the rate at which banks buy and sell currency to each other. The rate you get at a money changer will typically be slightly lower than the mid-market rate. This difference is known as the spread. Mustafa Money Changer’s rates are competitive, and the spread is reasonable.

Fees and Charges

When you exchange currency, you may be charged fees or commissions. Mustafa Money Changer charges a commission of 1% on all transactions. This is a standard fee for money changers in Singapore.

It’s important to note that the fees and charges may vary depending on the amount of currency you’re exchanging and the type of currency you’re exchanging. You should always check the fees and charges before making a transaction.

Mustafa Money Changer offers competitive rates and fees, making it an attractive option for travellers looking to exchange currency in Singapore. With 24-hour service and multiple locations, it’s a convenient choice for those who need to exchange currency anytime or at night.

Tip: Carry Large Bills

Mustafa Money Changer often offers better rates for exchanging larger foreign currency denominations. Break down larger bills at your home bank if possible, as some currencies may not be readily available in high denominations.

Popular Currencies

A bustling Mustafa money changer in Singapore, with various currency exchange rates displayed and customers lining up to exchange their money

When exchanging currencies at Mustafa Money Changer in Singapore, you can expect to find a wide range of options available. The most popular currencies exchanged at Mustafa Money Changer are the Asian currencies and major world currencies.

Asian Currencies

If you’re travelling to Asia, you’ll be pleased to know that Mustafa Money Changer offers a range of Asian currencies. These include the Thai Baht (THB), Chinese Yuan (CNY), Japanese Yen (JPY), Indonesian Rupiah (IDR), Hong Kong Dollar (HKD), Philippine Peso (PHP), Indian Rupee (INR), and Bangladeshi Taka (BDT).

Major World Currencies

Mustafa Money Changer also offers a range of major world currencies, making it a convenient choice for travellers worldwide. These include the US Dollar (USD), Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD), and South African Rand (ZAR).

Whether travelling to Asia or other parts of the world, you can rest assured that Mustafa Money Changer has covered you. With competitive rates and 24/7 service, you can exchange your currency any day or night. It’s no wonder that Mustafa Money Changer is one of the most popular money changers in Singapore.

Strategic Locations

The Mustafa money changer in Singapore is located in a strategic location, surrounded by bustling streets and colorful storefronts

Mustafa Centre is the place to go if you’re looking for a reliable money changer in Singapore. With several strategic locations throughout the city, you can easily find a Mustafa Foreign Exchange counter to exchange your currency.

Mustafa Centre Proximity

The Mustafa Money Changer’s flagship location is within the well-known Mustafa Centre in Little India, Singapore. The centre is conveniently located near Farrer Park MRT station, making it easily accessible by public transportation. You can also take several bus lines that stop near Mustafa Centre, including bus numbers 21, 23, 64, 65, 66, 67, 125, 130, 139, 141, 147, 857, NR6, and NR7.

Other Accessible Outlets

If you’re not in the central part of Singapore, don’t worry! Mustafa Foreign Exchange counters can also be found in other strategic locations around the city. For instance, a Mustafa Foreign Exchange counter is located on Marine Parade Rd, easily accessible by bus or MRT. Alternatively, you can find Mustafa Foreign Exchange counters at Jurong Point and Boon Lay MRT station.

Whether in Bugis, Chinatown, or any other part of Singapore, you can always find a Mustafa Foreign Exchange counter near you. With their convenient locations and competitive rates, you can be sure you’re getting the best deal when you exchange your currency at Mustafa Money Changer.

Operating Hours

The Mustafa money changer in Singapore operates during regular business hours. The storefront is adorned with bright signage and a steady stream of customers

Mustafa Money Changer in Mustafa Centre is the perfect place for you to exchange currency at any time of the day or night. This money changer operates 24/7, so you can exchange currency at any time convenient for you.

Whether a night owl or an early bird, you can always visit Mustafa Money Changer to exchange your currency. This means you don’t have to worry about rushing to a money changer before it closes or waiting until the next day to exchange your currency.

Mustafa Money Changer is in Mustafa Centre, a 24-hour shopping mall in Singapore. This makes it even more convenient to visit the mall and exchange your currency anytime or at night.

So, if you’re looking for a money changer that’s open 24/7 and located in a convenient spot, Mustafa Money Changer in Mustafa Centre is the perfect place for you.

Comparing Money Changers

Two money changers stand side by side, their bright signs advertising competitive rates. The bustling streets of Singapore surround them

When exchanging foreign currency in Singapore, you have many options. However, it would be best if you considered Mustafa’s money changer to get the best rates and service. In this section, we will compare Mustafa with other popular money changers in Singapore.

The Arcade vs Mustafa

The Arcade is a famous shopping centre in Singapore that is home to multiple money changers. While they offer competitive rates for many currencies, they can’t beat Mustafa in terms of the variety of currencies available and the convenience of their location. Mustafa offers 24/7 currency exchange services and has many currencies available, including INR, IDR, RMB, MYR, CNY, HKD, and PHP. Mustafa’s location in Little India makes it accessible via public transportation.

Regional Competition

While Mustafa is the best choice for currency exchange in Singapore, other money changers in the region offer competitive rates and services. For example, AK Money Changer & Department Store in People’s Park Complex provides a solid selection of currencies and shopping all under one roof. Emerald Money Changer in People’s Park Complex offers a great selection of currencies, and bargaining is acceptable. Other popular money changers in the region include Crante Money Changer, Rahiman Trading, Rabi Trading, Everpeace Money Changer, Fajar Money Changer, True Blue Money Changer, Sino Money Changer, and Yakadir Enterprises.

Raffles Money Change in Raffles Place is a good option if you’re looking for a money changer in the central business district. They offer competitive rates and have a convenient location. However, if you’re looking for a broader range of currencies and better rates, you should consider Mustafa.

In conclusion, Mustafa is the best choice for currency exchange for many money changers in Singapore due to their wide range of currencies, convenient location, and 24/7 service.

Shopping at Mustafa Centre

Customers exchanging currency at Mustafa Centre's money changer in Singapore. Brightly lit counters and busy staff. Rows of colorful foreign banknotes on display

If you are looking for a one-stop shop to find everything from groceries to clothes, then Mustafa Centre is the place for you. This 24-hour shopping mall is a paradise for bargain hunters and budget shoppers. You can find a wide range of products at affordable prices.

The grocery section at Mustafa Centre is extensive, and you can find everything from fresh produce to packaged food items. The prices are competitive, and you can save money by shopping here. The toiletries section is also well-stocked; you can find all the essentials at reasonable prices.

Mustafa Centre has a good selection of garments for men, women, and children if you are looking for clothes. The prices are affordable, and you can find some great deals if you look carefully. You can also find accessories like bags, belts, and hats to complete your look.

One of the best things about shopping at Mustafa Centre is that you can haggle with the vendors to get an even better deal. If you are good at bargaining, you can save even more money. Just remember to be polite and respectful when negotiating the price.

Overall, shopping at Mustafa Centre is an exciting experience; you can find everything you need at affordable prices. Whether looking for groceries, toiletries, or clothes, you will indeed find something that meets your needs. So, head over to Mustafa Centre and start shopping!

Frequently Asked Questions

What are today’s best exchange rates at Mustafa Centre?

Mustafa Centre is known for offering competitive exchange rates for various currencies. The exact exchange rates vary depending on the currency you want to exchange, so it’s best to check with the money changer directly. You can find the contact information for Mustafa Centre’s currency exchange service on their official website or online.

Can I exchange currency at Mustafa Centre around the clock?

Mustafa Centre’s currency exchange service is open 24 hours a day, seven days a week. This makes it a convenient option for people who need to exchange money outside regular business hours.

What time does the Mustafa money changer open?

The Mustafa money changer is open 24/7, so you can exchange currency anytime or night.

How does Mustafa Centre’s exchange rate for SGD to MYR compare today?

Mustafa Centre’s exchange rates for SGD to MYR are typically very competitive. However, exchange rates can fluctuate throughout the day, so it’s best to check with the money changer directly to get the most up-to-date information.

Where might I find the most advantageous currency exchange rates in Singapore?

While Mustafa Centre is known for offering competitive exchange rates, other money changers in Singapore may offer even better rates depending on the currency you want to exchange. It’s always a good idea to compare rates from multiple money changers before deciding.

What’s the going rate for 22-karat gold at Mustafa today?

Mustafa Centre is also known for selling gold jewellery and bullion. The price of gold can fluctuate depending on the market, so it’s best to check with the store directly to get the most up-to-date pricing information.


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