Singaporeans love to travel.
But before we board our flight, most of us would head to the nearest money changer.
Blasted with a dizzying array of numbers in two columns, how do you decipher which value you’re changing your currency at?
Don’t worry. We’re here to give you a five minute guide to successfully deciphering the money changer board.
I'm going to Japan, and I just want S$1000 to be changed into Japanese Yen.
At the money changer, I'll get to see the rates being presented to me like this:
If you are holding Singapore Dollars (SGD), you should be looking under the WE SELL column.
The value shown in our example is 12.44.
But are you getting ¥12.44 per S$1000? Nope.
Here's how we should calculate, and it's fairly easy:
( Base currency(SGD) / We Sell Column ) X Unit
($1000 / 12.44) X 1000 = **80385.85 Yen
Okay, so that's all for the math part, and we recommend using the calculator on your smartphone.
But if you already have a smartphone, why not try our money changer calculator?
Just enter whatever you see on the board and we'll do magic for you. Amazing?
Give it a go and let us know. :)
And oh! We're always on hand to hear feedback. Drop us a note here