- Exchange Rates and Where to Get the Best Rates
- US Dollar Usage in Cambodia
- Popular Foreign Currencies and Where to Exchange Them
- Using Credit Cards, ATMs, and Traveler's Cheques in Cambodia
- Traveler’s Cheques and Safety Tips for Carrying Money
- If i have Cambodia money bill left, can i exchange in other country?
- Conclusion: Managing Cambodia Money for a Smooth Travel Experience
Cambodia’s official currency is the Cambodian Riel (KHR), available in denominations ranging from 50 to 100,000 Riel. For tourists exploring Cambodia’s historical sites and vibrant cities, it’s helpful to know that both Riel and US Dollars are widely accepted across the country, making it easy for travelers to manage their expenses. Small denominations are especially handy for everyday purchases like water, snacks, or tuk-tuk rides. However, while Riel remains the national currency, the use of the US Dollar has become equally common, simplifying the Cambodia money exchange process for international travelers.
Exchange Rates and Where to Get the Best Rates
The exchange rate between the Cambodian Riel and the US Dollar generally hovers around 4,000–4,200 KHR per 1 USD. This rate can vary slightly, so it’s recommended to check the daily rates. Most exchanges happen easily at banks, authorized money exchange counters, or even local markets. If you’re in a city like Siem Reap or Phnom Penh, numerous exchange counters offer competitive rates, though it’s often wise to compare a few places to get the best value for your money.
US Dollar Usage in Cambodia
US Dollars are widely accepted throughout Cambodia, especially for mid-range to high-end transactions. However, carrying smaller denominations is ideal since change is often provided in Cambodian Riel, and businesses may refuse older, damaged, or large denominations. When paying in USD, it’s a good rule to carry bills in $1, $5, and $10 amounts for ease. Notably, airport taxes, visa payments, and other government-related fees can only be paid in US Dollars, making it an essential currency for travelers. In short, having a mix of Cambodian money and US Dollars allows for flexibility during your trip.
Popular Foreign Currencies and Where to Exchange Them
While USD is the most commonly used foreign currency, Thai Baht and Vietnamese Dong are also accepted at certain locations. Local shops, markets, and some guesthouses near the borders often accept these currencies, though the rates may vary. For the best Cambodia money exchange experience, it’s advisable to convert other foreign currencies (Euros, Pounds) to either Riel or USD at banks or authorized exchange centers.
Using Credit Cards, ATMs, and Traveler’s Cheques in Cambodia
Credit cards are accepted in many hotels, upscale restaurants, and souvenir shops, though this service is primarily limited to larger cities and popular tourist areas. Visa and MasterCard are widely accepted, while American Express may not be as universally embraced. It’s wise to carry some cash for local markets or rural areas where card payment isn’t available. When withdrawing Cambodian money from an ATM, keep in mind that ATMs generally dispense US Dollars rather than Riel, which is convenient for travelers. However, transaction fees may apply, so withdrawing larger amounts less frequently can save on fees.
Traveler’s Cheques and Safety Tips for Carrying Money
While Cambodia is generally a safe destination for travelers, it’s best to take a few precautions when carrying money. Traveler’s cheques can be exchanged at select banks, though they’re less common due to the rise of ATMs and digital banking. When it comes to carrying cash, small bills are invaluable for daily expenses. Avoid exchanging all your money at once, as it can be challenging to convert Riel back to foreign currency. Keeping a mix of USD bills and Cambodian Riel can provide the flexibility to handle expenses without constantly seeking out currency exchanges.
Key Tips for Cambodia Money Exchange for Travelers
Bring a Mix of Riel and USD – Having both currencies ensures you can pay anywhere without difficulty.
Avoid Large Bills in USD – Small notes are easier to use and more widely accepted.
Use ATMs Sparingly – ATM fees can be high, so consider withdrawing larger sums at once.
Check the Exchange Rate Daily – Exchange rates may vary, so stay informed to get the best value.
Use Authorized Exchange Counters – Stick to official exchanges in cities like Siem Reap and Phnom Penh for the safest transactions.
Where to Exchange Money in Cambodia
In major cities, banks and licensed currency exchange counters provide safe and reliable services. Recommended banks like Acleda Bank and Canadia Bank offer stable rates for currency exchange. At airports, rates can be slightly less favorable, so it may be best to exchange a small amount for immediate needs upon arrival and find better rates in the city. Tourists can also inquire at their hotel reception for advice on nearby exchanges, as many offer convenient locations close to popular tourist areas.
Additional Tips for Handling Cambodia Money During Travel
When planning to tour historical sites or venture into Cambodia’s countryside, it’s practical to carry sufficient cash since ATMs may not be as accessible in remote areas. Many travelers find it helpful to set a budget in advance, ensuring they have enough small bills on hand for quick purchases and tips. Additionally, before heading out, it’s a good idea to ask locals or tour guides about trusted exchange locations.
Why we recommend bring new USD bill to use?
We recommend bringing new USD bills to Cambodia because businesses, banks, and money exchange services there often reject older, worn, or damaged bills. Here’s why:
1.Acceptance Standards:
Cambodian businesses, especially small shops and local vendors, are particular about the condition of US Dollar bills. Worn, torn, or marked bills may be refused, which can be inconvenient if you’re depending on them for everyday transactions.
2.Avoiding Counterfeit Concerns:
Newer bills have improved security features, reducing the risk of counterfeiting. Merchants and exchange centers are more confident accepting these, as they’re easier to authenticate.
3.Usability in Automated Systems:
ATMs or cash counting machines (at banks or exchange counters) can sometimes have trouble processing worn bills. Bringing newer bills ensures smoother transactions.
4.Avoiding Exchange Rejections:
When exchanging money, it’s best to have pristine bills, as even minor tears or marks can result in a reduced exchange rate or outright refusal.
Overall, new bills make transactions in Cambodia easier and more reliable, allowing you to focus on enjoying your trip without interruptions.
If i have Cambodia money bill left, can i exchange in other country?
Exchanging Cambodian Riel outside of Cambodia can be challenging, as it’s not a widely recognized or exchanged currency internationally. Here’s what to consider if you have Cambodian money left over:
Limited Exchange Options: Most foreign exchange services outside of Cambodia do not accept Cambodian Riel, especially in Western countries, because of its limited use outside the country.
Exchange in Neighboring Countries: In some neighboring countries like Thailand or Vietnam, you may find limited options to exchange Riel, though the rates may not be favorable. It’s still best to check at larger exchange centers or airports.
Exchanging Before Leaving Cambodia: To avoid losing money on unspent Riel, it’s best to exchange any remaining Riel for USD or another widely accepted currency before leaving Cambodia. Many banks, exchange counters, and even airport exchange services in Cambodia will convert Riel back into USD or other currencies.
Keeping Small Amounts as Souvenirs: Cambodian Riel can make for a unique souvenir, especially the smaller denominations with their distinctive designs.
If you’re planning to travel again in Southeast Asia soon, keeping a small amount of Riel could also come in handy for a return visit to Cambodia.
Conclusion: Managing Cambodia Money for a Smooth Travel Experience
For travelers interested in Cambodia’s rich history and culture, understanding the nuances of Cambodia money exchange is invaluable. A mix of Cambodian Riel and US Dollars provides versatility, while small cash denominations can help ensure smooth transactions. Remember to check exchange rates and seek out authorized exchange points for the best experience. By planning ahead and following these tips, you can focus more on enjoying Cambodia’s breathtaking landmarks and less on financial logistics.