With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.
Depending on the amount, either money changer or bank. If you're planning to change a large sum, I would say go to a bank. All banks like POSB, OCBC, HSBC have [url]currency exchange[/url] services. What currency are you changing? This week's rates: POSB - USD, Selling (1.2661) and buying (1.2501) OCBC - USD, Selling (1.2685) and buying (1.2490) HSBC - USD, Selling (1.2752) and buying (1.24)
For smaller exchange as in <S$1,000. I find it not worthwhile to travel long distance and queue long queue. For a 0.2 difference, it'll cost you 2 dollar. Even the bus fee, MRT fee and your time worth much more than that. And most money changer at the same point of time (not different time or day as currency fluctuates), their difference is quite negligeable.
Of course I usually check with banks' website and internet and maybe friends to see what's the reasonable rate is. So i will not be bluffed
I usually just go to the nearest bank or money changer, depends on where I am at that time.