Cambodian Riel (KHR) exchange-rate chart to Euro (EUR)

The KHR/EUR currency pair represents the exchange rate between the Cambodian Riel (KHR) and the Euro (EUR), indicating how many Euros are needed to purchase one Riel. This directed pair is primarily used by individuals and businesses involved in remittances, tourism, and trade between Cambodia and the Eurozone. When the Riel appreciates against the Euro, it means that each Riel buys more Euros, making Cambodian goods relatively more expensive for Eurozone importers and reducing the cost of Eurozone imports for Cambodians.

The structural drivers of KHR/EUR stem from the monetary policies of the National Bank of Cambodia (NBC) and the European Central Bank (ECB). Cambodia operates a managed float with a heavily dollarized economy, where the Riel is primarily used for small transactions and official accounting. The NBC targets low inflation and stability against the US dollar, which indirectly influences KHR/EUR. The ECB focuses on price stability across the Eurozone, adjusting interest rates to manage inflation and growth. Interest-rate differentials, inflation trends, and economic growth in both regions affect capital flows and the exchange rate. Additionally, Cambodia's reliance on tourism, garment exports, and foreign direct investment, along with Eurozone demand for these goods and services, plays a role. Risk sentiment and global commodity prices also impact the pair.

Over the past several years, the KHR/EUR rate has been influenced by the Riel's peg-like relationship with the US dollar and the Euro's fluctuations against the dollar. During periods of Euro weakness, such as when the ECB maintained accommodative policy, the KHR/EUR rate tended to rise (Riel strengthening). Conversely, when the Euro strengthened due to tighter ECB policy or improved Eurozone growth, the rate fell. The COVID-19 pandemic disrupted tourism and trade, causing volatility, but the Riel's stability against the dollar provided a floor. Without specific historical data, the general trend reflects the interplay between Cambodia's dollar-linked stability and the Euro's global movements.