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What about the exchange rate in Cambodia?

Travel Forums Asia What about the exchange rate in Cambodia?

1. Posted by cikusang (Respected Member 1361 posts) 10y

cikusang has indicated that this thread is about Cambodia

Would appreciate if anyone who have been to Cambodia can advise on this matter---> wanting to change from RM to USD or USD to Riel...I heard that would be so good to exchange the currency there especially from USD to Riel...any comments?

Beside the central market in PP, any reliable money exchange shops? and address?

Thanks!
Lee

2. Posted by loubylou (Travel Guru 664 posts) 10y

Hi Lee,

I'd just take US dollars with you, that's what we did last year. Most prices are quoted in dollars anyway and you will only get small change back in riel (for example in the internet cafes, if it's $4 for the internet charge and you give a $5 note you'll get the change in riel, loads of 100,000 riel notes, very fiddly!). I wouldn't bother changing from dollars into riel, most people tend to prefer to receive dollars in payments over there.

HTH

Donna

3. Posted by danalasta (Respected Member 519 posts) 10y

[quote=loubylou]Hi Lee,

Most prices are quoted in dollars anyway and you will only get small change back in riel (for example in the internet cafes, if it's $4 for the internet charge and you give a $5 note you'll get the change in riel, loads of 100,000 riel notes, very fiddly!). I wouldn't bother changing from dollars into riel, most people tend to prefer to receive dollars in payments over there.

Well, Lee, USD1=4,000 riels (well,near orussey mart 4,090R)...that works out to RM1=1,000 riels (approx)...You can get a plate of noodle soup over here is RM2.80...over there USD1 (RM3.80)if you walk into cafe/restaurants patronised by tourists...the same bowl of noodles at places where locals eat is 2,000 riels...so isnt it wise to have some riels? I always eat with locals...It makes sense for us Malaysians where exchange rate (vis a vis USD$)is concerned.You buy a bottle of mineral water...why pay USD1 at convenience store when you can get one at local sundry shop for 1,500 riels? Only two things are cheap in Cambodia - beer and cigarettes cos our taxes on them are high!

dana

4. Posted by cikusang (Respected Member 1361 posts) 10y

Thanks Donna and Dana!

5. Posted by vegasmike6 (Travel Guru 3562 posts) 10y

Cikusang;
I change a $20 into new 1,000 riel notes. You need them for moto taxis, food and small items. You will pay for your room, tours, clothes & souvenirs in USD.

I would add that not only are booze and cigarettes cheap, transport is as well. You can go from Phnom Penh to Siem Reap for $5. From PP-HCMC for $6. You can go out to the Killing Fields from the Capitol GH for $2. Moto taxi boys will take you from Capitol GH to the Russian Market for 3,000 riel. Or you can rent a small motorbike all day for $3-4. That is getting around pretty cheaply.

6. Posted by cikusang (Respected Member 1361 posts) 10y

Thanks again and again, Mike!