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Changing money at Changi Airport
22 Apr 2017 (153 views)

I changed $100 to rupiah at Changi Airport. I received 8,700 rupiah. When I arrived at Jakarta Airport, I saw the rate to be 9,300 rupiah. The difference is 6%.

I know that the money changer at the airport has to cover their operating expenses, so they cannot offer an attractive rate compared to those operating in the malls. But, why should the rate at Changi Airport be so bad, compared to Jakarta Airport?

In the future, I am likely to avoid changing money at Changi Airport. I will probably check the Internet to get the rate at the other airport. 

I avoid traveling to a mall to change money as I have to consider the time and taxi fare. However, between Changi Airport and Jakarta Airport, I will choose Jakarta Airport to change money in the future.

The bank at Changi Airport can give a bad rate and take business from unsuspecting travelers. But this type of business is once off. Changi Airport will get a bad reputation. Travelers will avoid changing money at Changi Airport in the future. Once the reputation becomes bad, it will take a long time to regain it.

Singapore has now gained the reputation of being a very costly place to visit. The bad exchange rate offered at Changi Airport is part of this pervasive problem. It will be bad for Singapore.


Changing money at Changi Airport
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I changed $100 to rupiah at Changi Airport. I received 8,700 rupiah. When I arrived at Jakarta Airport, I saw the rate to be 9,300 rupiah. The difference is 6%.

I know that the money changer at the airport has to cover their operating expenses, so they cannot offer an attractive rate compared to those operating in the malls. But, why should the rate at Changi Airport be so bad, compared to Jakarta Airport?

In the future, I am likely to avoid changing money at Changi Airport. I will probably check the Internet to get the rate at the other airport. 

I avoid traveling to a mall to change money as I have to consider the time and taxi fare. However, between Changi Airport and Jakarta Airport, I will choose Jakarta Airport to change money in the future.

The bank at Changi Airport can give a bad rate and take business from unsuspecting travelers. But this type of business is once off. Changi Airport will get a bad reputation. Travelers will avoid changing money at Changi Airport in the future. Once the reputation becomes bad, it will take a long time to regain it.

Singapore has now gained the reputation of being a very costly place to visit. The bad exchange rate offered at Changi Airport is part of this pervasive problem. It will be bad for Singapore.