Converting from Vietnam Dong (VND) to Cambodia Riel (KHR)

What is Vietnam Dong (VND)

The Vietnam Dong (VND) is the official currency of Vietnam. Introduced in 3rd May 3, 1985, it replaced the former currency, and since then, it has gone through various reforms. The VND is managed by the State Bank of Vietnam and is used throughout the country for all transactions.

One important feature of the VND is its value, which has made it one of the weaker currencies in comparison to others globally. As of October 2023, the exchange rate fluctuates, but it typically hovers around a value of approximately 23,000 VND per US dollar. However, exchange rates can change due to inflation and policies that influence the economy.

The VND is subdivided into smaller units known as "hào," although the hào is not used in everyday transactions anymore as it is considered obsolete. The most commonly used denominations are 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; 100,000; and 500,000 VND notes, as well as coins in smaller denominations.

What is Cambodia Riel (KHR)

The Cambodia Riel (KHR) is the official currency of Cambodia. It has a long history, having been first introduced in 1980. Following a period of economic turmoil and hyperinflation, the Riel was re-established and is now regulated by the National Bank of Cambodia.

While the Riel is the official currency, the US dollar is widely accepted and used for most transactions in Cambodia. This dual currency system can cause some confusion for travelers and locals alike. The Riel is important for smaller transactions, such as purchasing food or goods from local vendors, while the dollar is often used for larger purchases and in more tourist-oriented places.

The Riel is subdivided into 100 sen, and it is available in both notes and coins. The most commonly used denominations include 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; and 100,000 KHR notes. Although the current exchange rate can vary, as a general reference point, 1,000 KHR is roughly equivalent to about ＄0.25 USD.

Converting VND to KHR

When converting Vietnamese Dong to Cambodian Riel, it is vital to check the latest exchange rates. The conversion rate can fluctuate based on market conditions and economic status. To convert an amount from VND to KHR, you can use the exchange rate formula:

Amount in KHR = Amount in VND × Exchange Rate (VND to KHR)

For example, if the exchange rate is 0.065 KHR for every 1 VND, converting 100,000 VND would yield:

100,000 VND × 0.065 KHR/VND = 6,500 KHR

Understanding both currencies and the conversion process can greatly assist travelers and businesses engaged in trade between Vietnam and Cambodia.