Currency in Cambodia: A guide for backpackers

​​Ah, fellow wanderlust warriors! Welcome to the captivating Cambodia! Before you get swept away by the tuk-tuk symphony and temple sunsets, let’s talk moolah – the fuel that keeps our adventurous engines humming.

Cambodia’s official currency is the Cambodian Riel (KHR), but US dollars (USD) rule the roost, especially in touristy areas. Think of Riels as handy change for small purchases, while USD reigns supreme for bigger transactions.

What currency should you bring to Cambodia?

So, which should you bring? Well, it’s a balancing act. Bringing some USD in cash saves you ATM fees at first, but lugging too much can be risky. My advice? Pack enough smaller bills (around $100) for immediate needs and emergencies, then rely on ATMs for the rest.

Official Currency:

• Cambodian Riel (KHR): This is the official currency of Cambodia, but its use mainly shines in local markets, street food stalls, and smaller shops.

Actual King of the Ring:

• US Dollar (USD): USD is widely accepted across the country, especially in tourist areas. Hotels, restaurants, tours, and larger purchases often prefer USD, and prices might even be quoted in it.

So, What Should You Bring?

A Balancing Act:

The ideal blend depends on your travel style and destinations. Here’s a guide:

• Mostly Cities and Tourist Areas: Bring some USD (around $100 in smaller bills) for immediate needs and emergencies. Rely on ATMs for further USD withdrawals, as they offer the best option for larger transactions. Keep some Riel (can exchange at ATMs) for street food and small shops.
• Venturing Off the Beaten Path: Carry more Riel in smaller towns and villages, where USD might not be readily accepted. Exchange currency before leaving larger cities or rely on smaller ATMs found near banks or markets.
• Budget Traveller: Riel is your friend! Exchange some USD upon arrival and prioritize finding ATMs that dispense Riel to minimize fees. Remember, bargaining at local markets is easier with Riel.

Tips for Currency Magic:

• Get Wise with Wise: Online money transfer services like Wise offer good exchange rates and low fees for larger sums. Use them to top up your local currencies when needed.
• ATM Savvy: Choose reputable banks and avoid shady street ATMs. Inform your bank about your travel plans to avoid suspicious activity alerts.
• No Leftovers: Exchange leftover Riel before leaving, as they’re hard to convert outside Cambodia.
• Cash is King Sometimes: Keep some emergency USD tucked away for unexpected situations.

Remember:

• USD dominates touristy areas, but Riel is vital for local interactions.
• Plan your cash needs based on your itinerary and avoid relying solely on one method.
• Be responsible, budget wisely, and enjoy the rich tapestry of Cambodia!

Can I get money from an ATM in Cambodia?

Speaking of ATMs, befriend them. Look for reputable banks like ANZ Royal Bank or Canadia Bank for consistent fees and avoid sketchy streetside machines. Don’t forget your PIN and carry your cards close to your chest – petty theft happens, even in paradise.

Absolutely! Getting money from ATMs in Cambodia is quite straightforward, but with a few things to keep in mind:

Where to Find ATMs:

• Major cities like Phnom Penh and Siem Reap have ATMs aplenty, often clustered near tourist areas, banks, and convenience stores.
• In smaller towns and rural areas, ATMs might be scarcer, so plan your cash needs accordingly. Look for them near banks, markets, or bus stations.

www.areacambodia.com

ATM machine in Cambodia

What Currency Can You Withdraw?

• Most ATMs dispense US dollars (USD) in larger denominations ($20, $50, $100).
• Some ATMs, especially in bigger cities, might also offer Cambodian Riel (KHR) withdrawals.

Fees and Charges:

• Expect to pay withdrawal fees, typically around $3-$5 per transaction. Your bank might also charge additional foreign transaction fees, so check beforehand.
• To minimize fees, choose ATMs affiliated with your bank or a major international network like Visa or Mastercard.

Tips for Safe ATM Use:

• Use ATMs in well-lit, secure locations during daylight hours if possible.
• Be discreet when entering your PIN and shield the keypad with your hand.
• Avoid counting money at the ATM itself.
• Inform your bank about your travel plans to avoid suspicious activity alerts.

Alternative Money-Getting Options:

• Currency exchange: You can exchange USD for KHR at money changers, often offering better rates than airports or banks. Look for licensed operators with competitive rates and avoid street scams.
• Traveler’s checks: While less common, some travelers still prefer traveler’s checks for emergencies or larger sums.
• International money transfers: Services like Wise (formerly TransferWise) or WorldRemit allow convenient online transfers from your home country to Cambodia, but factor in transfer fees and processing times.

Remember:

• Always carry some emergency cash in USD, especially for smaller towns or unexpected situations.
• Don’t rely solely on one ATM card – bring a backup in case of technical issues or loss.
• Budget wisely and track your spending to avoid running out of funds during your trip.

What are the money transfer options in Cambodia?

Need to top up your travel kitty on the go? Online options like Wise (formerly TransferWise) or WorldRemit can be your savior. They offer competitive exchange rates and low fees, but remember, Wi-Fi in rural areas can be temperamental, so plan ahead.

When it comes to transferring money in Cambodia, you have a variety of options, each with its own pros and cons. Here’s a breakdown to help you choose the best one:

Traditional Options:

• Banks: This is the most established method, but it can be slow and expensive. International wire transfers incur high fees, and waiting times can be several days.
• Western Union and MoneyGram: These money transfer services are widely available in Cambodia, offering fast and convenient transfers. However, fees can be high, especially for smaller amounts.

Digital Options:

• Wise (formerly TransferWise): A popular choice for travelers and expats, Wise offers competitive exchange rates and low fees for international transfers. Transfers are typically completed within 24 hours, making it a faster and cheaper option than traditional banks.
• WorldRemit: Another online money transfer service with a strong presence in Cambodia. They offer fast and convenient transfers with competitive fees, although they might not be the cheapest for smaller amounts.
• PayPal: If you already have a PayPal account, you can use it to send money to friends or family in Cambodia. However, be aware of limited availability and potentially higher fees compared to dedicated money transfer services.

Local Options:

• Ria Money Transfer: Partnered with ABA Bank, Ria offers easy cash pickups or direct bank account transfers with relatively lower fees compared to Western Union or MoneyGram.
• Pi Pay and TrueMoney: These mobile wallet platforms are gaining popularity in Cambodia, allowing for convenient transfers between users within the network. However, availability might be limited outside bigger cities and towns.

Choosing the Right Option:

The best money transfer option for you will depend on several factors:

• Amount: For smaller amounts, Wise and WorldRemit might be the most cost-effective options. For larger sums, Wise or bank transfers might be more competitive.
• Speed: If you need the money to arrive quickly, choose a service like Wise, Western Union, or MoneyGram.
• Convenience: Look for services with a wide network of pickup locations or direct bank account transfers for easy access to your funds.
• Fees: compare fees for different services, especially for smaller transfers where fees can make a significant difference.

Additional Tips:

• Always compare exchange rates and fees before sending money.
• Check recipient details carefully to avoid errors.
• Be aware of any local regulations or limitations on receiving foreign currency.

Can I use my credit card in Cambodia?

Credit cards can be useful for emergencies or booking larger expenses like tours or flights. Choose a card with no foreign transaction fees and prioritize responsible spending (souvenirs for everyone back home can wait!).

Using your credit card in Cambodia can be a convenient way to manage your travel expenses, but there are some things to keep in mind before swiping away!

The Good News:

• Yes, you can use your credit card in many places in Cambodia! Major hotels, restaurants, and tour operators in touristy areas like Phnom Penh, Siem Reap, and Sihanoukville generally accept Visa and Mastercard. Some places might even accept American Express, although it’s less common.
• Using your credit card can be safer than carrying large amounts of cash. It minimizes the risk of theft and losing money, and provides a convenient way to track your spending.
• Some credit cards offer rewards points or travel insurance that can add value to your trip. Be sure to check your card’s specific benefits before you travel.

The Potential Pitfalls:

• Not all places accept credit cards. Smaller shops, street vendors, and local markets will likely only accept cash, so it’s always wise to carry some Riel with you.
• Transaction fees are common. Many businesses in Cambodia add surcharges of 2-3% for credit card transactions. Be aware of these fees and factor them into your budget.
• Minimum spending requirements might apply. Some restaurants or shops might have minimum spending amounts for credit card use.
• Foreign transaction fees can bite. Your bank might charge you a fee for each international transaction made with your credit card. Check your card’s terms and conditions before you travel to avoid surprises.

Tips for Using Your Credit Card Wisely:

• Inform your bank about your travel plans. This helps prevent your card from being blocked due to suspicious activity.
• Choose a card with no foreign transaction fees. Some cards, like Capital One Venture Rewards or Charles Schwab Debit Card, waive these fees.
• Stick to your budget. It’s easy to overspend when using a credit card, so be mindful of your spending and track your transactions.
• Consider using a debit card for smaller purchases. This can help you avoid transaction fees and stay within your budget.

Remember:

• Cash is still king in many parts of Cambodia, so always carry some with you.
• Be informed about fees and minimum spending requirements before using your credit card.
• Use your credit card responsibly and stick to your budget to avoid unexpected charges.

With a little planning and awareness, you can use your credit card safely and conveniently in Cambodia, making your travel experience smoother and more enjoyable. Happy exploring!

Cash is King (Sometimes):

While USD is widely accepted, venturing into smaller towns or markets might require Riels. Keep some handy for local buses, street food, and bargaining sessions – those extra 10,000 Riels could score you that magical silk scarf!

Pro Tip: Always keep a stash of emergency USD tucked away in a separate location, just in case your ATM card decides to take a siesta.

Remember, folks:

• Exchange your leftover Riels before leaving – they’re practically paperweights outside Cambodia.
• Inform your bank about your travel plans to avoid suspicious activity alerts.
• Keep receipts for major transactions and ATM withdrawals for budgeting and potential reimbursement woes.

Now, with your financial fortress secure, go forth and conquer Cambodia! Explore ancient temples, haggle in bustling markets, and sip Angkor Wat cocktails under starry skies. Just remember, responsible spending is key to keeping your wanderlust alive and well. Happy travels!

For any moore info, get in touch with the Cambodia Lifestyle guys! Have a great time!

	Cambodia
	https://www.cambodialifestyle.com/
	+855 9 678 01791

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