Exchanging money in Cambodia: Important tips for travelers

Currency exchange is an important aspect when traveling to Cambodia. By finding the best ways to exchange money, you can minimize fees and make the most of your trip. Hanoi Voyages will help you navigate the best ways to exchange money in Cambodia.

Cambodia’s exchange rates: What travelers need to know?

The official currency of Cambodia is the Cambodian riel (KHR). Riel banknotes come in denominations of 50, 100, 500, 1,000, 5,000, 10,000, 50,000 and 100,000. To get the best rates, always check the current exchange rates in Cambodia before exchanging your money.

Besides, the US dollar is often used as the second official currency in Cambodia, with 90% of transactions conducted in dollars. Money exchange spots in Cambodia typically offer both Cambodian riel (KHR) and USD. The following table compares KHR with USD, Euro and British Pound:

Best spots to exchange money in Cambodia: Safe and convenient options

Make your Cambodia tour more convenient by exchanging money at the right places. Hanoi Voyages suggests these three reliable options.

At airports

One option for exchanging money in Cambodia is at the airport. Money exchange spots in Cambodia, such as the currency exchange booths inside the arrival hall, allow you to exchange most major currencies. Keep in mind that there will be a fee for the transaction.

Although exchanging money at the airport is convenient, the exchange rates tend to be higher compared to those at local banks or exchange offices in the city. It's best to exchange only a small amount at the airport and explore other options for better rates.

At local banks

Banks are the best places for currency exchange in Cambodia, offering fast and friendly service. At these money exchange spots in Cambodia, you’ll get better rates than at other locations. Like banks worldwide, you'll need to present your passport and complete a form to use their services.

Most banks in big cities such as Phnom Penh, Sihanoukville and Siem Riep operate from 8 am to 4 pm, typically on weekdays and sometimes on Saturdays with limited hours. Check out these four well-known banks for safe currency exchange:

At gold and jewelry shops

Another option for exchanging money in Cambodia is at gold and jewelry shops. These shops often offer currency exchange services alongside their main business of selling gold and jewelry. They may provide competitive rates, especially in popular tourist areas.

However, like other exchange points, the rates at gold and jewelry shops can vary, and there might be additional fees involved. It's a good idea to compare rates and fees before proceeding with any transactions.

Essential advice for exchanging money in Cambodia: Tips for a smooth experience

Tips for exchanging money in Cambodia will help ensure you get the best rates and avoid common pitfalls, making your Cambodia trip even more enjoyable. Here are some currency exchange tips for a stress-free experience.

Don't exchange money at unreliable places

One of the tips for exchanging money in Cambodia is to avoid unreliable locations like street vendors or small shops, as they may offer poor rates or counterfeit bills. Stick to trusted exchange spots to ensure you get a fair deal and avoid losing money.

Reliable locations such as banks or official exchange offices are safer and provide better rates, ensuring you get a fair deal when exchanging your money. Always take a moment to check if the exchange point is reputable.

Be cautious of fake money

Counterfeit bills can be hard to spot, you should check the notes carefully before accepting them. Look for security features like watermarks, special threads and holograms that are hard to duplicate. Always exchange money at trusted locations to reduce the risk of receiving fake currency. If you're unsure, just ask for assistance in identifying genuine bills.

Ensure your banknotes are damage-free

Bills with tears or marks may be rejected or offer a lower exchange value. To avoid this, handle your currency carefully and ensure it’s in good condition when you exchange it. If you receive damaged notes, try to exchange them at a reliable exchange service, as they are more likely to accept them.

Double-check your cash before and after exchange

Double-checking your cash before and after the exchange is essential. This ensures that you receive the correct amount of money and avoid any discrepancies. By taking the time to count carefully, you can confirm the accuracy of the transaction. Moreover, counting your money after the exchange ensures there are no mistakes, allowing you to address any errors with the exchange service right away.

Exchanging money in Cambodia is simple with the right approach. Choose trustworthy exchange locations, stay cautious of fake bills and always count your cash. For a stress-free experience, contact Hanoi Voyages to make your travels easier and more enjoyable