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Travel Forums Asia money

1. Posted by durocell (Budding Member 4 posts) 10y

is it best to take travellers cheques or some cash and use atm,s in vietnam and cambodia, aussie dollars or places for exchange rates any ideas.

2. Posted by Gelli (Travel Guru 2457 posts) 10y

US dollars. A mixture of big and small bills is best, and all fairly new (10yrs or so) and unmarked bills. Older, marked or well used notes will be refused.

They are the de fact currency in Cambodia anyway (most prices are in USD, and the local Riel is 4000 to 1usd, and essentially used mostly as loose change. Note that there are only a small number of ATMS in the country - a couple in Phnom Penh, and one or two in Siem Reap (Angkor), although they dispense dollars as well as Riel. But it means you need to plan ahead a bit.

Vietnam has plenty of ATMs, in the major towns/cities at least, and you also get quoted most prices in dollars (and can pay as such), although paying/haggling in Dong is much better and you normally pay less. Esxchange rates are fairly set, and you shouldn't find huge discrepencies if exchanging cash.

3. Posted by Mel. (Travel Guru 4567 posts) 10y

Hello Durocell

Money matters in Cambodia. (info from SE Asia, on a Shoestring.)

There are now credit card compatable ATMs in most major cities. Visa and Mastercard only.

US dollars can be used to spend everywhere. If u carry US dollars, u wont have to change any money to the local currency. Spending US dollars makes things only slightly more expensive. Pennies!!!
U may get Cambodian Riels, as change, when u pay for some things. I dont understand what the book means by what to do with these riels, so i will type it exactly, and u can interpret it yourself.
Hoard riel that u receive in change to pay for motos, and such. Those with cash in another major currency can change it in Phnom Penh and Siem Reap.

Credit cards
Cash advances on credit cards are now available in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Battambang and Kompong Cham. Canadia Bank offers the best service with free MasterCard and Visa cash advances.

Travellers cheques
Like credit cards, these are not much use, when u venture beyond the main tourist centres. Most banks charge a commission of 2% to cash travellers cheques. U will be given US dollars, not riel. Some hotels and travel agents will also cash travellers cheques after banking hours.


4. Posted by Mel. (Travel Guru 4567 posts) 10y

Money matters in Vietnam(info from SE Asia on a Shoestring)

US dollars and Euros are the easiest currencies, to change.

ATMs can be found in most major cities. Vietcombank have the widest network. All ATMs dispense cash in Vietnamese dong only.

Us dollars act as a second local currency. Hotels, airlines and travel agencies normally quote their prices in dollars. For the best exchange rate, pay in Dong.

Changing money
After hours, jewellery shops will exchange US dollars, sometimes the same as and sometimes slightly better rates, than banks.

Travellers Cheques
Travellers cheques in US dollars can be exchanged for local dong, at certain banks. Vietcombanks will usually change them, but charge a 1% commission. Most hotels and airline offices will not accept travellers cheques.