Major FAQ-Cambodia

Money Matters

What is the exchange rate? Where should I change my dollars? Can I use my debit card or credit card? Should I bring traveler's checks?

Find the Exchange Rate of Cambodia Riels http://www.xe.com/ucc/convert.cgi

The local currency is the Cambodia Riels. You can change your money upon arrival to Phnom Penh International Airport. There are many bank counters at the airport. We suggest you change $400 in the beginning as you can change money in any bank (banks are conveniently near to our office).

In Cambodia, credit card information is often stolen and used fraudulently just by paying with a credit card. For this reason, IFRE suggests cash and travelers checks to settle your bills. You will have trouble actually paying with traveler's checks, but you will be able to exchange them at local banks. Traveler's Checks are recommended as a safe way to carry money with you, make sure you write down the check numbers and contact information you need to cancel stolen checks. Different brands of traveler's checks work better in different countries so consult your local financial institution regarding which Traveler’s Checks to bring to Thailand.

Travelers should have a credit card for large and emergency purchases You can also carry a debit/ATM card that can be used at ATM's to withdraw local currency. An ATM card is the best way of getting money. Vendors are available in major banks and department stores in Bangkok. Visa, MasterCard and American Express are accepted in some of the large stores and hotels in larger cities but not accepted in smaller cities.

How much money you bring depends on your personal spending habits. Thrifty people can get by on less than $10/day. Your budget should also include money to explore Thailand in free time as well as for your personal use. A good rule of thumb for money management is the 1/3 method, bring 1/3 cash, 1/3 traveler's check and leave 1/3 of your money in your account - plus a credit card for emergencies.

Do ensure you notify your bank of your intent to travel and expected arrival/departure dates. This will save you the hassle of your account being flagged with fraudulent activity.