Personal Finance
Best Money Changer in Singapore: Buy or Sell? Which Column To Look At?
By Seedly  •  November 17, 2017

Looking to travel soon? On top booking of flights and accommodation, I guess the next brain draining chore will be to change your currencies.

Allow us to address some of the frequently asked questions Singaporeans have at the money changer.

How to change money at the money changer? Which Column To Look At?

No surprise, the most commonly asked question is mainly about which column to look at. Is it the ‘Buy’ or ‘Sell’ column?

A good way will be to treat the foreign currency which you wish to exchange as an object. Ask yourself if the money changer is the buyer or seller. If you are travelling overseas, you are the buyer, looking to buy foreign currency from the money changer with SGD. If you are holding on to foreign currency, you are selling it to the money changer for SGD. Hence, the money changer is the buyer. Further...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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