Converting from Cambodia Riel (KHR) to Israeli Shekel (ILS)

What is Cambodia Riel (KHR)

The Cambodia Riel (KHR) is the official currency of Cambodia. It has been in circulation since 1980, though the U.S. dollar is widely accepted and commonly used in various transactions throughout the country. The Riel is subdivided into 100 sen, although the sen is rarely used in daily life. Banknotes of various denominations, including 1,000; 2,000; 5,000; 10,000; and larger bills, are readily available.

The Riel serves not only as a means of trade but also as a representation of Cambodian heritage and culture. As the economy in Cambodia continues to develop, the importance of the Riel is gradually increasing. The exchange rate often fluctuates against major currencies, which can be important for both residents and tourists when planning their transactions.

What is Israeli Shekel (ILS)

The Israeli Shekel (ILS), officially known as the New Israeli Shekel (NIS), is the currency of Israel. It was first introduced in 1985 to replace the old shekel and has become essential to the Israeli economy. The Shekel is divided into 100 agorot. Coins and banknotes are available in various denominations, including 10; 20; 50; 100; and 200 Shekels, each featuring prominent Israeli figures and symbols.

The Shekel is a significant player in Middle Eastern economics and is often used in various trade agreements and exchanges with neighboring countries. As Israel is known for its innovative economy and technological advancements, knowing about the Shekel’s value and its trends can be crucial for travelers and businesses alike.

Converting KHR to ILS

When it comes to converting Cambodia Riel to Israeli Shekel, one must consider the current exchange rate. Currency conversion is essential for anyone looking to travel between the two countries or do business across borders. Exchange rates can fluctuate based on market conditions, and it's wise to check reliable financial news sources or currency converter tools before making any transactions.

To perform the conversion, the formula is as follows:

Converted Amount (ILS) = Amount (KHR) × Exchange Rate (ILS/KHR)

For instance, if the exchange rate is 0.0015 ILS for every KHR, and you have 10,000 KHR:

Converted Amount (ILS) = 10,000 KHR × 0.0015 ILS/KHR = 15 ILS

It’s always recommended to examine multiple sources for the most accurate rates, and it can be valuable to account for any potential service fees from currency exchange services.

Understanding how to convert these currencies can facilitate smoother financial transactions for those engaging with or visiting Cambodia and Israel.