Sandman77 Posted January 11, 2015 Share Posted January 11, 2015 My next visa run is again in cambodia On 16 April I got a exchange rate dollar to euro of 1.37 now Is it1.18 Now I want to find out does the riel dropped simulatiously to the dollar or euro , or is it better to change riel in a cambodia bank with visa cash, Iam not sure Cambodian bank give national currency out using foreign biss card when atm gives only dollar ? So is there currency still paired to the dollar or not? Link to comment Share on other sites More sharing options...
Naam Posted January 12, 2015 Share Posted January 12, 2015 Cambodian Riel dropped vs EUR in one year ~13%, vs USD only 2% Link to comment Share on other sites More sharing options...
Naam Posted January 12, 2015 Share Posted January 12, 2015 (edited) double posting Edited January 12, 2015 by Naam Link to comment Share on other sites More sharing options...
Tomtomtom69 Posted January 12, 2015 Share Posted January 12, 2015 The Riel is essentially fixed to the US dollar. Has been for years. It's always more or less ~4000 to one US dollar. Some merchants might like to profit a little by accepting Riel at 3900 to one dollar and selling them to you for 4100 to one dollar, so in essence it's better to pay in US dollars at such places, which includes supermarkets, chain restaurants and shopping malls such as at the new AEON shopping mall. Elsewhere it's 4000 to 1 and if anyone wants to profit from you, you don't allow them and insist on 4000 to 1. Link to comment Share on other sites More sharing options...
Tomtomtom69 Posted January 12, 2015 Share Posted January 12, 2015 Cambodian banks can give you Riel if you go for an ATM cash advance but will likely ask you why you don't use the ATMs (which only dispense US dollars, except for local account holders). However, you could insist either the ATM doesn't work, you want Riel (which the ATMs don't dispense) or you want to withdraw an amount in excess of what you can withdraw from a local ATM. Come to Cambodia with either US dollars or any other major currency (such as Euros) and exchange most of your cash into US dollars, with only a smaller amount to Riel. Few Cambodians use Riel exclusively, except in the countryside anyway. Link to comment Share on other sites More sharing options...
Sandman77 Posted January 12, 2015 Author Share Posted January 12, 2015 US dollar also dropped to euro in one year 1: Procent not only 2 thanks for infos Link to comment Share on other sites More sharing options...
Naam Posted January 12, 2015 Share Posted January 12, 2015 US dollar also dropped to euro in one year 1: Procent not only 2 thanks for infos Sandler what are you smoking? the US-Dollar did not drop vs. the EUR but gained 13.55% in one year! 1 Link to comment Share on other sites More sharing options...
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