Cambodian Riel (KHR) exchange-rate chart to US Dollar (USD)

The KHR/USD exchange rate indicates the value of the Cambodian Riel relative to the US Dollar. As a directed pair, it shows how many Riel are required to purchase one Dollar. This rate is crucial for businesses and individuals in Cambodia who engage in international trade, tourism, or remittances, as the US Dollar is widely used alongside the Riel. An appreciation of the Riel means fewer Riel are needed to buy one Dollar, which can lower import costs but may challenge export competitiveness.

Structural drivers of KHR/USD are heavily influenced by Cambodia's highly dollarized economy, where the US Dollar circulates freely alongside the Riel. The National Bank of Cambodia manages the Riel's value through interventions and interest rate policies, while the US Federal Reserve's monetary policy affects the Dollar's global strength. Key factors include inflation differentials, economic growth in Cambodia (driven by garments, tourism, and agriculture), capital flows, and remittances. Commodity prices and regional risk sentiment also play roles, as Cambodia's economy is sensitive to external demand.

Over the past several years, the KHR/USD rate has remained relatively stable due to the National Bank of Cambodia's managed float and the widespread use of the Dollar. The Riel has experienced gradual depreciation against the Dollar, reflecting Cambodia's higher inflation relative to the US and structural factors such as import dependency. However, the rate has not seen extreme volatility, as the central bank intervenes to maintain confidence. Future movements will depend on US monetary policy, Cambodia's economic performance, and any shifts in dollarization policies.