Best Places to Exchange Money in Phnom Penh
Phnom Penh Travel Guide / August 01, 2017 Image credit: Lay Ty Exchange Money The official currency in Cambodia is called the Cambodian Riel (KHR). Banknotes are issued in denominations of 50, 100, 500, 1000, 2000, 5000, 10,000, 20,000, 50,000, and 100,000 riels. The 100,000 bill is rarely used. Coins are available in 50, 100, 200, and 500 riels.
Like in other major cities of Cambodia, the US Dollar is widely accepted in Phnom Penh. Most of the stores display prices both in riels and US dollars. You can pay for your purchases in either currency or a mix of both. One dollar is equivalent to around 4,000 riels. If you pay in dollars, expect to get change in riels since stores do no not give out US coins.
Forex shops are the best places to exchange money in Phnom Penh, considering the exchange rates, though there are not many money changers available in the city. You can find several of them clustered near tourist attractions. Ly Hour Exchange – which often offers the best rates in the market – is the leading currency exchange company with numerous branches in operation. Other reputable forex shops can be found along the city’s main roads like Charles de Gaulle Boulevard.
You can also exchange your currency to riels or US dollars at banks’ branches that are well located in commercial and tourist areas.
If you use the ATM to withdraw cash, be aware that ATM service fees applying to foreign cards are around USD4-5 per transaction.
Check out the list below for the recommended money changers and bank branches for currency exchange in Phnom Penh.
1. Ly Hour Exchange
Image credit: Ly Hour Exchange Ly Hour Exchange started as a small family-run trading company. The business later grew into a gold and currency exchange company with 11 branches in Phnom Penh. These branches are conveniently located along main roads in Phnom Penh’s commercial areas.
RECOMMENDED BRANCHES
1) Ly Hour Exchange Head Office
- It is located near Orussey Market
- Address: No 314B2, St 217, Sangkat Orusey II, Khan 7 Makara, Phnom Penh, Cambodia
- Phone: +855 095 81 81 81
- Opening hours: Daily 08:00 – 17:00*
2) Ly Hour Exchange @ Tep Phan
- This branch is located near Sun Valley International School
- Address: No 215B, St 182, Sangkat Teuk Lark II, Khan Toul Kork, Phnom Penh, Cambodia
- Phone: +855 092 26 26 65
- Opening hours: Daily 08:00 – 17:00*
3) Ly Hour Exchange @ Kork
- It is located beside Maybank Toul Kork branch
- Address: No 82E0, St 289, Sangkat Boeung Kok II, Khan Toul Kork, Phnom Penh, Cambodia
- Phone: +855 092 26 26 65
- Opening hours: Daily 08:00 – 17:00*
4) Ly Hour Exchange @ Bak Touk
- This branch is situated near Sala Sangkat Veal Vong Town Hall
- Address: No 35BFE, St 169, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia
- Phone: +855 095 68 68 68
- Opening hours: Daily 08:00 – 17:00*
5) Ly Hour Exchange @ Steung
- It is located near Steung Meanchey Market
- Address: Monireth Blvd., Sangkat Steung Meanchey, Khan Meanchey, Phnom Penh, Cambodia
- Phone: +855 095 36 36 67
- Opening hours: Daily 08:00 – 17:00*
* Business hours may vary. Call first before visiting.
2. Other reliable money changers in Phnom Penh
Image credit: Lay Ty Exchange Money Besides Ly Hour Exchange, there are a couple of other reputable money changers that have competitive rates and good customer service. These shops are strategically located near popular markets, shopping malls, and hotels.
Check out Hui One Currency Exchange if you are shopping at the Central Market, or Lay Ty Exchange if you are in the vicinity of Orussey Market.
RECOMMENDED MONEY CHANGERS
1) Lay Ty Exchange Money
- This shop is a 5-minute walk from Orussey Market
- Address: No. 316, St 217, Orussei 2, 7 Makara, Phnom Penh, Cambodia
- Phone: +855 11 670 111
- Opening hours: Daily 07:00 – 17:00
2) Chea Lay Currency Exchange
- It is a 3 minute walk from Shan Jiao Center
- Address: St 134, Phnom Penh, Cambodia
- Phone: +855 77 771 117
- Opening hours: Monday to Friday 08:00 – 17:00*
3) Hui One Currency Exchange
- This forex shop is located near Pacific Hotel Phnom Penh, about 5 minutes on foot from Central Market
- Address: 252, Preah Monivong Blvd (93), 12211 Phnom Penh, Cambodia
- Phone: +855 96 456 7129
- Opening hours: Monday to Friday 08:00 – 17:00*
4) True Money
- Its location is near Kilometer 6 Market
- Address: 99A Sangkat Kilomete Lek6, Plov Lum, Phnom Penh, Cambodia
- Phone: +855 99 707 799
- Opening hours: Daily 07:30 – 20:30
5) Sophally Exchange
- This shop is situated near Chhouk Meas Market
- Address: 380 St.07, Sambour, Donkor, Phnom Penh, Cambodia
- Phone: +855 16 631 111
- Opening hours: Daily 07:00 – 18:00
*Business hours may vary. Call first before visiting.
3. Bank branches near tourist areas in Phnom Penh
Image credit: ACLEDA Bank Banks are another option to exchange money in Phnom Penh, however their rates are always lower than the rates from forex shops.
If you are staying in Phnom Penh for more than a month or two, it is advisable to open a bank account with a local bank branch to save up on bank fees.
You can find bank branches along major thoroughfares and near tourist places around the city. Most of the bank head offices are located along Preah Ang Duong and Preah Monivong, within walking distance from the Central Market and Democracy Park.
RECOMMENDED BANK BRANCHES
1) ANZ Royal @ Sisowath Quay
- This branch is located near Paragon Central Hotel
- Address: 265, Sisowath Quay, Sangkat Chey Chumneas, Khan Daun Penh Phnom Penh 12203 Cambodia
- Phone: +855 023 999 000
- Opening hours: Monday to Friday 08:30 – 16:00
2) ACLEDA Bank near Olympic Stadium
- This branch is situated across City Mall
- Address: #29, Street 217, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia
- Phone: +855 023 997 169
- Opening hours: Monday to Friday 07:30 – 16:00, Saturday 07:30 – 11:30
3) Canadia Bank head office @ Canadia Bank Tower, Preah Monivong
- Canadia Bank Tower is a landmark located at the corner of Preah Monivong and Preah Ang Duong
- Address: 315, Ang Doung St. Corner Monivong Blvd, Phnom Penh, Cambodia
- Phone: +855 23 868 222
- Opening hours: Monday to Friday 08:00 – 15:30, Saturday 08:00 – 11:30
4) Cambodian Public Bank near Central Market
- It is located across Canadia Bank Tower, which is 4 minutes on foot from Central Market
- Address: 23, Kramuon Sar Avenue-Street No. 114, Sangkat Phsar Thmey 2, Khan Daun Penh, Phnom Penh, Cambodia
- Phone: +855 23 222 880
- Opening hours: Monday to Friday 08:00 – 16:00, Saturday 08:00 – 11:30
5) BIDC @ Preah Monivong
- This branch is situated across Wat Koh Pagoda
- Address: #370 Preah Monivong Blvd, Boeung Keng Kang I, Khan Chamkarmon, Phnom Penh, Cambodia
- Phone: +855 23 210 044
- Opening hours: Monday to Friday 07:30 – 16:00