How to become a money changer
Official title: Money changer
Money changer changes money from one currency to another. He/she ascertains customers’ requirements, verifies that transactions complies with foreign currency exchange control regulations, counts and examines currency and travel cheques to be exchanged, calculates equivalent value in required currency and issues money accordingly. He/she also counts and records cash at the beginning and end of each period of duty and prepares reconciliation statements.
Main tasks
- Changing money from one currency to another, as requested by clients
- Making records of all transactions and reconciling them with cash balance
Pay · Outlook · AI and this job
- Median pay: $45,000 a year. The middle half earn $33,744 to $70,512 a year.
- Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
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Questions people ask
How much does a money changer earn in Singapore?
Median full-time pay is $45,000 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $33,744 to $70,512.
Will AI change the work of a money changer?
Generative AI could change many tasks in this job, which usually reshapes the work more than it replaces it, by the ILO's global estimate.
Sources
- Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
- International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026
Updated 4 October 2026