Currency

AndyKK · Post by **AndyKK** » Wed Sep 07, 2022 3:26 am

John Bingham wrote: ↑Tue Sep 06, 2022 8:00 pm
BklynBoy wrote: ↑Tue Sep 06, 2022 7:27 pm
barang_TK wrote: ↑Tue Sep 06, 2022 7:35 am
BklynBoy wrote: ↑Tue Sep 06, 2022 6:48 am
Lonestar wrote: ↑Tue Sep 06, 2022 4:06 am I always try to order new 100.00 bills from the U.S. to bring to Cambodia. If I get a torn USD note, I take it to the machines at NAGA, insert the bill and maybe play a hand or two and cash out and take the ticket to the cashier.
When you have the 100 dollar bill where do you usually break it ?

I was going to Aeon mall and buying a few things.

other suggestions?
You can break it in Wing, True Money or E-Money shops, everywhere in the Kingdom. You can exchange for riels too : you'll get 405.000 to 410.000r for USD 100.
In the countryside, everything is paid in riels, except for bigger expenses above 100 dollars ; actually, we see more 100$ bank notes than 10$ !
shit..i never knew that. You can just walk up to any wing ?? and tell them you want to exchange to riel?? what is the approx cost for that service?
Yeah, I've been using Wing shops for change for years.i used the places around markets for many years before that and still do on occasion but Wing are very reliable. One thing I've noticed here over the decades is that money changers are very honest and I have never been short-changed.

I too find wing shops ve I easy and convenient, $100 = 400.000 riel +the exchange rate, it does change, but you may look at 4,100+ on the dollar amount, I prefer to change $200 at a time 5,000 - 10,000 - 20,000. Sometimes struggling with any higher because the Khmer can't change the note, unless you are paying the high rates for some goods. Super market's I pay the $ and receive change in $ that is convenient.
My rent was paid on the $, although the water and electricity plus waste collection is paid in riel.
All my hospital bills are in riel, same has meds from the pharmacies outside of the hospital, food is the same, food panda charge 4,200 on the dollar amount, so basically it's a case of you could lose a very small amount in some cases, but considering your exchange rate at the beginning gave you a little more you are not going to be really out of pocket. The only time you may possibly be is if you have like mentioned that you have damaged $ bill's. This is why I took the opportunity to just deal with counter payment at the bank. I have seen so many people who have withdrawn from the ATM come back into the bank to exchange a damaged note.
Going back a few years, one of my friends made the move from the seaside town when the Chinese came. He withdrew $10,000 was in a rush and didn't check all the notes, $3,000 dollar's of the amount we're damaged, he received $80 for each $100 dollar bill.
I always check at the bank counter, for the obvious small rip, and casino stamp that is now very common, but last I was buying goods in the super market, when a $100 was unacceptable! The centre strip at the very bottom of the note moved a little, but barely. Knowing the owner well he actually accepted it, but I learned a good lesson that day.
Bringing money in different currencies, such has the UK pounds is a different ball game, you have the usual exchange rates, but there is chance of haggling if you like, getting a better exchange rate. The larger amount also helps (still must be clean notes or they won't accept them). You must shop around for the best deal, Battambang and Phnom Penh I found 2 place's over the year's with good rates, but the minimum exchange for this was £5,000. Don't use a bank to exchange western money, the rate is fixed, also they are very very particular about the condition of the note, just a thumb smudge will reject the money, out of £1,000 once the bank would only accept £200.

Bluenose · Post by **Bluenose** » Wed Sep 07, 2022 6:12 am

Kammekor wrote: ↑Tue Sep 06, 2022 8:18 pm
BklynBoy wrote: ↑Tue Sep 06, 2022 8:10 pm
whats the approx cost to change 100 US? i know someone said to read the board or something. but from your experience, the average cost? i understand it can fluctuate but just trying to nail down a number

appreciate the info.
Rarely you will see a spread of less than 1%, so count on 1-1.5%, equalling 1.00-1.50$.

I don't think it's actually a Wing service, they make their money from the spread when they change the other way for other customers, there's no fee. A lot of the small gold stalls will do it as well, just look for the red board (about a foot square) with the yellow numbers on the counter.

Bluenose · Post by **Bluenose** » Wed Sep 07, 2022 6:22 am

rozzieoz wrote: ↑Tue Sep 06, 2022 9:44 pm I almost never carry cash these days, I do all my payments with the aba app.

You should always have an emergency $50 or so on you in Cambodia in case you need it to settle any disputes like a moto accident or similar before the situation starts to escalate. Thankfully I've never had to use my emergency note yet (touch wood) but I'm sure many on here will know what I mean.

Bluenose · Post by **Bluenose** » Wed Sep 07, 2022 6:24 am

Bluenose wrote: ↑Wed Sep 07, 2022 6:22 am
rozzieoz wrote: ↑Tue Sep 06, 2022 9:44 pm I almost never carry cash these days, I do all my payments with the aba app.
My personal view, you should always have an emergency $50 or so on you in Cambodia in case you need it to settle any disputes like a moto accident or similar before the situation starts to escalate. Thankfully I've never had to use my emergency note yet (touch wood) but I'm sure many on here will know what I mean.

rozzieoz · Post by **rozzieoz** » Wed Sep 07, 2022 6:30 am

BklynBoy wrote:
rozzieoz wrote: ↑Tue Sep 06, 2022 9:44 pm I almost never carry cash these days, I do all my payments with the aba app.
I am in Cambodia 2 months or so out of the year and haven't set up a local bank account. I think its beyond time i do this. I agree w/ you. In NYC, i almost never carry cash as well.

I suppose cash is easier if in a bar or a local establishment.

Still use aba transfer.

Sent from my iPhone using Tapatalk

phuketrichard · Post by **phuketrichard** » Wed Sep 07, 2022 7:41 am

aba app?????? Wing???

i ONLY use cash here and Thailand except when i order online, than its CC
i always fuck up converting ( after a year ) still riels to $$$
many places stick at 4,000/ some I( like gas stations) rates vary daily between 4,000 and 4,100

rozzieoz · Post by **rozzieoz** » Wed Sep 07, 2022 7:47 am

Aba app is fab, you can easily make payments and transfers.
Most places have a little card on the counter you can scan for the payment details which makes it SUPER easy.
I don't like carrying a handbag, as it makes me an easier target so I will often just put my phone in my pocket. There's even a few bars who understand my safety concerns and let me pay when I am home.

newkidontheblock · Post by **newkidontheblock** » Thu Sep 08, 2022 4:33 am

Second the ABA app. I SWIFT funds into it from the US, then missus uses WING to send out money in Cambodia.

But the App has to have a Khmer SIM card with a Cambodian number. She made the mistake of letting her SMART card expire once, and had to have a new one shipped from Cambodia to get the App working again

mi1 · Post by **mi1** » Thu Sep 08, 2022 5:08 am

newkidontheblock wrote: ↑Thu Sep 08, 2022 4:33 am Second the ABA app. I SWIFT funds into it from the US, then missus uses WING to send out money in Cambodia.

But the App has to have a Khmer SIM card with a Cambodian number. She made the mistake of letting her SMART card expire once, and had to have a new one shipped from Cambodia to get the App working again

3 years ago i managed to trick them. First i ask to change Khmer number to European number. They did not allow but said i can add EU number as second number. I did that but all recovery sms were still send only to Khmer number which makes second number pointless. So next week i come to office asked to remove Khmer number, which they did.. so my only number was from Europe and i was able to manage my account from my EU sim.

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