Converting from Malaysian Ringgit (MYR) to Cambodia Riel (KHR)

What is Malaysian Ringgit (MYR)

The Malaysian Ringgit, abbreviated as MYR, is the official currency of Malaysia. Its symbol is RM, which stands for "Ringgit Malaysia." The term "ringgit" itself means "jagged" in Malay, referring to the serrated edges of Spanish dollars that were used in the region during the colonial era.

The Malaysian Ringgit is subdivided into 100 sen (singular: sen). Banknotes are available in denominations of 1, 5, 10, 20, 50, and 100 ringgit, while coins come in denominations of 1, 5, 10, 20, and 50 sen, as well as 1 ringgit.

As Malaysia's economy has grown, the value of the ringgit has fluctuated in response to various factors, such as global economic trends, trade balances, and domestic policy. It is crucial for travelers and businesses alike to understand the value of the MYR when planning financial transactions, investment, or travel arrangements.

What is Cambodia Riel (KHR)

The Cambodia Riel, abbreviated as KHR, is the official currency of Cambodia. Its symbol is "៛" and it is often used alongside the US dollar, which is commonly accepted in many transactions throughout the country. The Riel was introduced in 1980, replacing the old currency system that suffered from hyperinflation during the Khmer Rouge era.

The Riel is subdivided into 100 sen (not to be confused with Malaysian sen), although due to inflation, the Cential Bank of Cambodia (NBC) issues Riel notes primarily for use in smaller transactions. Banknotes of 100, 500, 1,000, 5,000, 10,000, and 50,000 Riel are commonly found in circulation.

While the Riel is the official currency of Cambodia, many businesses, especially in urban areas and tourist destinations, tend to prefer US dollars due to their stability against inflation. This blend of currencies enables both locals and visitors to conduct transactions conveniently.

Converting MYR to KHR

When traveling from Malaysia to Cambodia or engaging in trade between these two nations, converting Malaysian Ringgit to Cambodia Riel is essential. To determine the current exchange rate, it is advisable to check financial news sources or currency converters online. The exchange rate can fluctuate based on market conditions, so it is important to stay informed.

For instance, if the exchange rate is ＄1 MYR = 6,500 KHR＄, and you want to convert 100 MYR, you'd multiply 100 by 6,500. This results in 650,000 KHR.

Understanding these two currencies can help travelers and businesses make informed financial decisions and ensure smooth transactions in either country.