Yet, as forex rates change in real-time, how can there be any one perfect formula for getting the best exchange rate for your buck?
Objectively speaking, there isn’t. But you can increase your chances of getting a good exchange rate with the following tips in this article.
But you also need to ask is it worth going through all the trouble? If you’re exchanging a couple hundred ringgit for a quick trip to JB (when travel restrictions lift), then simply head to your nearest money changer because the time and travel costs to head to the “best” money changer will eat up any savings you might have had. But, if you’re exchanging thousands of dollars for your year-end odyssey in far-flung Scandinavia, a bad exchange rate can set your budget back by hundreds, if not thousands of dollars.
To cut through the confusion, we’ve put together a simple-to-follow guide on where to find Singapore’s best money changers, as well as 4 tips on how to get the best exchange rate.