This is exactly what I was wondering yesterday. I arrived two days ago in Singapore as an exchange student from the Netherlands. When getting cash out of the ATM I get the question about the banks (in euro) or MasterCard rate (not only DBS, other's ATM's also). Does anyone know what's the best option for me? Tried to google it, but couldn't find it. Need to get a lot of cash for my rent and since the euro just got the lowest level since April 2006 (see graph), I'd like to make sure I get the best rates.aster wrote:Speaking of conversion rates, one thing that really irritated me was DBS' option to charge the card in its "home currency" when making an ATM withdrawal using a foreign card.
Whereas back in the day the tourist was better off by letting DBS charge the cash withdrawal in the currency of the account instead of SGD, the last few times I checked out this option I ended up being worse off... frigging incredible.
you may bring in more than AUD10K after declaring. As long you able to explain what those money for will do. Like my case, I had AUD15K for my uni tuition, all i need is to fill up a form and i was cleared from immigration.Splatted wrote:Most countries restrict the amount of cash that can be carried on airlines. I can only presume it has something to do with money-laundering laws.revhappy wrote:But how do local money changers come into picture in the OP's case. Unless he physically carries the large amount of foreign currency into Singapore and then convert it?aster wrote: There's a money changer at Raffle's Place where the spread is so tiny I don't think any bank can get anywhere close to their rates.
Can you give some example buy/sell rates?
Australia, I think, has a cap of $10,000. Though I wonder whether you can carry more if you declare it... anyone know the ins-and-outs of this?
Does Singapore have similar restrictions, as well?
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