1 US Dollar in Cambodian Riel
Exchange Rate Overview
The Cambodian riel (KHR) is the official currency of Cambodia, and it is widely used in the country. However, the US dollar (USD) is also widely accepted and used as a secondary currency. In fact, many businesses in Cambodia, including hotels, restaurants, and shops, quote prices in US dollars.
Current Exchange Rate
As of the current date, the exchange rate is approximately:
1 USD = 4,053 KHR
Please note that exchange rates can fluctuate constantly and may be different at the time of your visit. It's always a good idea to check the latest exchange rate before traveling or conducting any transactions.
History of the Exchange Rate
The exchange rate between the US dollar and the Cambodian riel has been relatively stable over the years. However, there have been some fluctuations due to economic and political factors.
Here is a brief history of the exchange rate:
- In 2010, the exchange rate was approximately 1 USD = 4,200 KHR.
- In 2015, the exchange rate was approximately 1 USD = 4,000 KHR.
- In 2020, the exchange rate was approximately 1 USD = 4,050 KHR.
How to Exchange Currency
There are several ways to exchange your US dollars for Cambodian riel:
- Banks: You can exchange your currency at local banks in Cambodia. Be prepared to show your passport and other identification documents.
- Currency Exchange Offices: There are many currency exchange offices available at airports, tourist areas, and major cities. They often offer competitive exchange rates and convenient hours of operation.
- ATMs: You can also withdraw local currency from ATMs using your debit or credit card. Be aware of any foreign transaction fees and exchange rates applied by your bank.
Tips for Exchanging Currency
Here are some tips to keep in mind when exchanging your currency:
- Compare exchange rates: Research and compare exchange rates offered by different banks, currency exchange offices, and ATMs to get the best deal.
- Avoid exchanging currency at airports: Airport exchange rates are often less favorable than those offered in town.
- Use local currency: Try to use local currency (KHR) instead of US dollars whenever possible. You may get a better exchange rate, and it's also a great way to support the local economy.
- Be aware of counterfeit notes: When exchanging currency, make sure to receive genuine notes and avoid accepting counterfeit notes.
By understanding the exchange rate and being aware of the options available, you can make the most of your money during your trip to Cambodia.
