A practical currency and money guide to travel, living and doing business in Cambodia and the Cambodian riel (KHR).
What's in this Cambodia currency guide:
The official currency of Cambodia (country code: KH) is the Cambodian riel, with symbol ៛ and currency code KHR.
Cambodia is a relatively small country located in Southeast Asia. It is bordered by Thailand to the northwest, Laos to the northeast, Vietnam to the east, and the Gulf of Thailand to the southwest. The capital and largest city is Phnom Penh, with a population of around 2.2 million people.
Cambodia is a popular tourist destination due to its many temples and ruins, including the world-famous Angkor Wat. The country also has a number of beaches and islands, as well as a rich culture and history. Expats and travelers will find plenty to see and do in Cambodia, and the people are generally friendly and welcoming.
Some of the best things to do and see in Cambodia include visiting the country's many temples and ruins, exploring the capital city of Phnom Penh, and spending time on the beaches of Sihanoukville.
There are a few things to keep in mind when traveling to Cambodia:
1. visa requirements: Citizens of most countries will need to obtain a visa before travelling to Cambodia. Visas can be obtained from Cambodian embassies or consulates, or upon arrival at Phnom Penh or Siem Reap International Airports.
2. Vaccinations: No vaccinations are required for entry into Cambodia, however it is recommended that you are up-to-date on your routine vaccinations, such as measles-mumps-rubella (MMR), diphtheria-tetanus-pertussis, varicella (chickenpox), and influenza.
3. Language: The official language of Cambodia is Khmer, however English is also widely spoken, particularly in major cities and tourist areas.
4. Money: The currency of Cambodia is the Riel (KHR), however US Dollars (USD) are also widely accepted. ATM's are readily available in major cities, and credit cards are widely accepted in hotels, restaurants, and shops.
5. Tipping: Tipping is not expected in Cambodia, however it is appreciated for good service.
6. Electricity: The electrical voltage in Cambodia is 220 volts. adapters are required for devices that use a different voltage.
7. Weather: Cambodia has a tropical climate, with two distinct seasons: the wet season (May-October) and the dry season (November-April). The best time to visit Cambodia is during the dry season, when temperatures are cooler and there is less chance of rain.
The best way to pay in Cambodia is to use cash. Credit cards are not widely accepted, andATMs are not always reliable.
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Cambodia.
Cambodia has a relatively low cost of living. Expenses such as food, transportation, and housing are relatively inexpensive when compared to other countries.
Expat life in Cambodia can be quite comfortable, although there are some challenges. Many expats live in Phnom Penh, the capital, where there are international schools and hospitals. Cost of living is relatively low, and English is widely spoken. However, Cambodia is a developing country, so there are some infrastructure issues.
Traffic laws in Cambodia are notoriously lax, and many drivers do not adhere to basic safety regulations. As a result, traffic accidents are relatively common. Foreign visitors should exercise caution when driving or crossing the street. Additionally, it is important to be aware of local scams and frauds, as there have been reports of travelers being targeted by scammers.
The business climate in Cambodia is generally good, but there are some challenges that investors may face when doing business in the country. One of the main challenges is the lack of skilled labor. There is also a lack of infrastructure, which can make it difficult to move goods and services around the country. Corruption is also a problem in Cambodia, and businesses may have to pay bribes to get things done.
The economy in Cambodia is in a period of transition. After decades of conflict and international isolation, Cambodia is emerging as a lower-middle income country with high economic growth. The tourism, garment, construction, and agriculture sectors are the main drivers of growth. The economic growth has led to increased foreign investment and expanding trade.
Here we list some key points for expats and businesses to consider when managing financial dealings in Cambodia:
Understand Cambodian riel currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the KHR exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Cambodian riel bank account: A local KHR bank account can make it easier for you to manage your finances and pay bills while you are in Cambodia. It may also be more convenient to use a local KHR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Cambodia. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Cambodia. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Cambodia, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Cambodian riel (KHR), or the amount of KHR that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/KHR rate plus recent trend, chart, and historic rates.
15 Mar 2023
|0.1% ▼||2 Week|
29 Dec 2022
|1.6% ▼||3 Month|
29 Mar 2022
|0.1% ▲||1 Year|
30 Mar 2018
|1.3% ▲||5 Year|
31 Mar 2013
|1.7% ▲||10 Year|
03 Apr 2003
|1.9% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Cambodia or planning a trip or maybe living there, so will need to exchange and spend Cambodian riel.
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It is important to note that the exchange rate of the Cambodian riel can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect KHR exchange rates before making any financial decisions.