KHR Market Update
02 May 2026 • 01:35 GMT
The Cambodian Riel (KHR) remains near its 30-day lows against the US dollar, trading close to 0.000249. Over the past month, the KHR has shown little change, staying within a narrow 2.4% range from 0.000245 to 0.000251. This stability comes amid a strengthening US dollar, driven by rising oil prices and hawkish signals from the Federal Reserve, which have helped lift the dollar index above 99. The US also imposed a 49% tariff on Cambodian goods, adding pressure to emerging Asian currencies.
Against major currencies, the KHR has seen minimal movements, with only slight dips against the euro and the Australian dollar. Notably, the KHR has been slightly weaker against the Japanese yen and the Swiss franc but remains close to its three-month averages.
Overall, while the US dollar's recent rebound supports a softer KHR, the currency's movement remains stable in the current geopolitical environment. Traders will continue to watch US policy signals and geopolitical tensions for any further shifts in the dollar’s strength.