Exchanging Foreigh Currency

[ademartin]

Hi,

I am traveling back to UK shortly and was wondering about the best way to go about exchanging Singapore Dollars for UK Pounds.

Is it better to use a money changer in Singapore before I leave or wait until I reach UK? Will the exchange rate vary by much?

Also someone mentioned to me something about stored value travel cards but I have no idea how this works? If I load up with Sing$ how does that affect the exchange rate in UK?

Thanks in advance for your help,

Ade

[Asdracles]

The "thumb rule" says that currency is highly valuated in its own country.

So probably you will get a better rate if you sell your SGD here and not in UK. It doesn't work always, but based in my travel experience I would say that 90% of times.

If you decide to exchange here, and it's a pretty decent amount I suggest you to go to Raffles Place - The Arcade. A lot of money changers there and very competitive rates.

[ademartin]

Thanks very much for the info Asdracles

Ade