Home Money Exchange How to Read and Compute Rates in Money Changer Board?

How to Read and Compute Rates in Money Changer Board?

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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.

The Scenario.

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:

The Solution.

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.

The Math.

Here’s how we should calculate, and it’s fairly easy:

( Base currency(SGD) / We Sell Column ) X Unit

or

($1000 / 12.44) X 1000 = **80385.85 Yen

And oh! We’re always on hand to hear feedback. Drop us a note here

As always, for money changers’ rates, visit
Web: https://cashchanger.co
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CashChanger Editor
CashChanger Editor
Co-founder of CashChanger.

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