Mustafa's Foreign Exchange

145 Syed Alwi Rd /Little India ✓ MAS register
All opening hours
Monday
9:30am–12am
Tuesday
9:30am–12am
Wednesday
9:30am–12am
Thursday
9:30am–12am
Friday
9:30am–12am
Saturday
9:30am–12:30am
Sunday
9:30am–12am
Steps from Farrer Park MRT Quietest Fri around 9am Wheelchair access
Slipping lately
145 Syed Alwi Rd, Level 1, Singapore 207704 · Directions →

What customers say

Slipping lately20 mentions

Recent reviews average 2.0★, down from 3.9★ before.

Opinion is divided here — complaints cluster around service. Worth knowing: the last year averages 2.0★, below its lifetime score of 3.6★.

Exchange rates 65% positive
43 customers mentioned it
Staff & service 44% positive
18 customers mentioned it
Accuracy & trust 15% positive
13 customers mentioned it
Queues & speed 63% positive
8 customers mentioned it
Currencies customers change here
7/12rated counters in Little India
3.6vs 3.8 local median

That puts it below the typical counter in Little India. The best-rated nearby is siradj Exchange (★ 4.2, 27 reviews) — worth a look if you are comparing.

The rating, in shape

3.6
★★★★☆
134 Google reviews
5★ 68
4★ 16
3★ 11
2★ 4
1★ 35
Asked on their Google profile
How much now currency for SGD➡MYR
As of 03.02.2020 it's 3 ringitt for each Singapore dollar.. · 2018-01-31
Getting in
Wheelchair-accessible car parkWheelchair-accessible entrance

What customers report

Public Google reviews, unedited — including the critical ones.

★★★★★

The best currency exchange I have found in Singapore. They have excellent rates, which are usually within one cent or less of the actual rates for the day. The workers are very thorough and counted my money and other currency multiple…

Jake · Local Guide · Edited 6 years ago
★★★★

I have been in Singapore for 7years and today at 5.30pm was the worst experience of my life. The employee their was disrespectful, ill mannered and didn't know how to talk to customers. Never exchange your currencies here. Instead exchange…

Minal · Local Guide · 9 months ago

Details

Address
145 Syed Alwi Rd, Level 1, Singapore 207704
MAS licence
Appears to correspond to MUSTAFA FOREIGN EXCHANGE PTE. LTD. — Major Payment Institution. Verify →
Currencies
MYR, USD, INR

Listing details from the business's Google profile (August 2025); licence status from the MAS register, August 2026. Report a change · how we build this

Questions

What are Mustafa's Foreign Exchange's opening hours?

Mon–Fri 9:30am–12am · Sat 9:30am–12:30am · Sun 9:30am–12am. The status shown at the top of this page is calculated live in Singapore time, so it reflects whether the counter is open right now. Hours can still change on public holidays — worth calling before a special trip.

Is Mustafa's Foreign Exchange the best money changer in Little India?

On Google ratings it currently sits 7 of 12 reviewed counters in Little India, below the local median of 3.8★. The best-rated nearby alternative is siradj Exchange (★ 4.2 from 27 reviews). Ratings measure service and honesty, not today's rate — for the rate itself, compare boards.

Which currencies can I change at Mustafa's Foreign Exchange?

Reviewers most often mention changing Malaysian Ringgit, US Dollar, Indian Rupee here. That reflects what customers report rather than a stock guarantee — for an unusual currency, call ahead, since counters carry what their regulars need.

What do customers complain about at Mustafa's Foreign Exchange?

Of the topics customers raise, accuracy & trust draws the most mixed response — 85% of its 13 mentions come from reviews of 3★ or below. The strongest area is exchange rates, where 65% of 43 mentions are positive. As anywhere, count your money at the counter before you leave.

When is Mustafa's Foreign Exchange least crowded?

Google's visit data puts the quietest slot around Fri around 9am and the busiest around Sun around 7pm. For a large amount, a quiet slot means time to compare boards and ask for a better rate on size.

Is Mustafa's Foreign Exchange a licensed money changer?

It appears on the register — this listing corresponds to MUSTAFA FOREIGN EXCHANGE PTE. LTD., listed in the MAS Financial Institutions Directory as Major Payment Institution. Verify on the MAS register.