KHR Market Update
28 Mar 2026 • 01:20 GMT
The Cambodian riel (KHR) has seen limited movement against the US dollar, trading near its 14-day lows around 0.000249. It has held steady within a narrow 2.4% range from 0.000245 to 0.000251, close to its three-month average. This stability comes amid a broader environment of US dollar strength as risk appetite wanes, with markets seeking safe-haven assets.
Recently, the USD has risen partly due to concerns over global trade tensions and signs that the Federal Reserve may hold or delay rate cuts, supported by inflation forecasts and cautious policy outlooks. Meanwhile, the US has increased tariffs on Cambodian goods, which could impact trade flows.
Against other major currencies, the KHR strengthened modestly against the euro and Canadian dollar but remains near its recent highs versus the British pound and Japanese yen. The currency's stability reflects a cautious market tone, with no significant shifts in regional or global risk sentiment.
Looking ahead, the KHR is likely to stay within its current range unless broader USD moves or trade developments prompt sharper changes. Market participants should keep an eye on US economic data and US-China trade negotiations, which could influence the dollar and, consequently, the KHR.
