Money Exchange in Cambodia
Cambodia operates with two currencies: the Cambodian Riel (KHR) and the US Dollar (USD). While the Cambodian Riel is the official currency, the US Dollar is commonly accepted, particularly in tourist hotspots. In this article, we’ll share tips for safely exchanging money in Cambodia and provide a list of reliable Money Exchange services to help you secure the best exchange rates.
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Riel or US Dollar?
It’s important to note that Cambodia is slowly transitioning from the US dollar to the riel. This change is beginning with smaller denominations, like the 1 USD and 5 USD bills. As a result, having some Cambodian riel on hand is becoming increasingly essential for minor purchases and transactions.
If you’re concerned about obtaining Cambodian riel before your trip, there’s no need to worry. You can use US Dollars at the airport, including at the taxi stand; even the visa fee upon arrival must be paid in US Dollars.
Digital Payments
Digital payments are gaining traction in Cambodia, with ABA Bank and AClida Bank at the forefront through their innovative digital payment app. This app enables users to make payments via QR code at nearly all shops, restaurants, and businesses across the country, enhancing convenience for both locals and expats holding a local ABA bank account. However, tourists without a Cambodian bank account might find digital payments less accessible.
Besides the ABA Bank app, many shops in Cambodia also accept Alipay, which is similar to PayPal in China, as well as PiPay, a local payment solution. These alternatives are particularly beneficial for Chinese tourists who are accustomed to using Alipay, as well as expats who frequently rely on PiPay.
Credit Cards
More and more establishments in Siem Reap and Phnom Penh are accepting major credit cards like Visa, Mastercard, and UnionPay, particularly in higher-end restaurants, hotels, spas, and retail shops. However, smaller vendors might not take credit cards, so it’s a good idea to have some cash on hand just in case.
ATMs
You’ll find ATMs readily accessible, and the majority are compatible with foreign cards. Keep in mind that some ATMs might impose high withdrawal fees or have lower limits on how much you can take out. It’s wise to inform your bank before your trip to ensure your card functions properly in Cambodia. One of the most trusted banks in the country is ABA (Advanced Bank of Asia Ltd.), which has a strong presence. Most ATMs in the area are managed by ABA and are conveniently situated throughout the town.
Money Exchange Rates
Before you exchange your money, it’s crucial to compare the exchange rates. You can find the latest rates on the National Bank of Cambodia’s official website or by using a currency converter app. Steer clear of places that offer rates much lower than the official ones.
When you do exchange money, keep an eye out for any fees or commissions that might apply. Always count the cash you receive and double-check the exchange rate before you walk away from the booth. Also, exercise caution when exchanging money on the street, as scams can happen frequently.
Trusted Money Exchange Services in Siem Reap
Huy Keang Currency Exchange
Contact
Phone: n/a
Website: n/a
Address: 9V33+C8G, NR63, Krong Siem Reap, Cambodia
Opening hours
n/a
Apsara Currency Exchange
Contact
Phone: n/a
Website: n/a
Address: 9V33+C45, NR63, Krong Siem Reap, Cambodia
Opening hours
n/a
Hong Ly ហុង លី
Contact
Phone: +855 12 755 747
Website: n/a
Address: 233 Road No.4, village, Taphul Rd, Krong Siem Reap 17252, Cambodia
Opening hours
Monday: 7:00 AM – 7:00 PM
Tuesday: 7:00 AM – 7:00 PM
Wednesday: 7:00 AM – 7:00 PM
Thursday: 7:00 AM – 7:00 PM
Friday: 7:00 AM – 7:00 PM
Saturday: 7:00 AM – 7:00 PM
Sunday: 7:00 AM – 7:00 PM
Trusted Money Exchange Services in Phnom Penh
L.S Travel Agency Money Exchange
Contact
Phone: +855 11 360 960
Website: n/a
Address: Preah Ang Eng St. (13), Phnom Penh 12204, Cambodia
Opening hours
Monday: 8:00 AM – 6:30 PM
Tuesday: 8:00 AM – 6:30 PM
Wednesday: 8:00 AM – 6:30 PM
Thursday: 8:00 AM – 6:30 PM
Friday: 8:00 AM – 6:30 PM
Saturday: 8:00 AM – 6:00 PM
Sunday: 9:00 AM – 6:00 PM
Heng Heng Currency Exchange
Contact
Phone: +855 12 660 559
Website: n/a
Address: 288a Preah Monivong Blvd (93), Phnom Penh, Cambodia
Opening hours
Monday: 7:00 AM – 6:00 PM
Tuesday: 7:00 AM – 6:00 PM
Wednesday: 7:00 AM – 6:00 PM
Thursday: 7:00 AM – 6:00 PM
Friday: 7:00 AM – 6:00 PM
Saturday: 7:00 AM – 6:00 PM
Sunday: 7:00 AM – 6:00 PM
Ly Hour Money Exchange
Contact
Phone: +855 11 715 311
Website: n/a
Address: HW76+4PM, Czech Republic Blvd (169), Phnom Penh, Cambodia
Opening hours
Monday: 7:00 AM – 7:00 PM
Tuesday: 7:00 AM – 7:00 PM
Wednesday: 7:00 AM – 7:00 PM
Thursday: 7:00 AM – 7:00 PM
Friday: 7:00 AM – 7:00 PM
Saturday: 7:00 AM – 7:00 PM
Sunday: 7:00 AM – 7:00 PM