Embarking on a journey to Cambodia is like stepping into a tapestry of enigmatic beauty and timeless charm. From the whispers of ancient temples to the rhythm of bustling markets, this land promises an array of experiences that can tantalize the senses and enrich the soul. But the path to a seamless Cambodian escapade lies in savvy navigation and financial acumen. To help you immerse fully in this kaleidoscopic world without the fret of fiscal faux pas, here’s your essential Top 5 Money Saving Tips Cambodia.
1. Understand the Currency Confusion
Cambodia uses two currencies: the Cambodian riel and the U.S. dollar. While this dual currency system offers convenience, it can also lead to confusion and potential overcharging. One of the first Money Saving Tips Cambodia is to familiarize yourself with the current exchange rate and use local currency for small purchases to avoid unnecessary rounding up in dollars.
Our advise is to use dollars in supermarkets and official shops where the rates for riel are generally worse, and use riel for tuk tuks and market stalls.
Also be aware that venders will not accept damaged US Dollar notes or $2 notes, so be sure to check your notes when accepting change.
2. Negotiate Transport Costs Wisely
Transportation can be a tricky aspect of travel in Cambodia, with tuk-tuks and taxis sometimes quoting inflated prices to tourists. To travel smart, always negotiate the fare in advance. Better yet, use reputable services like CamboTicket, which offers transparent pricing and online booking for buses, ferries, and private transfers across Cambodia, ensuring you pay a fair price and avoid the hassle of on-the-spot bargaining.
For local travel in the cities, like Phnom Penh, Siem Reap or Battambang use Grab. It is easy to link to an international bank card, it tracks you on route for added security and the price is predetermined based on the local rate.
3. Choose Accommodations and Tours Carefully
Accommodation and tour packages are areas where tourists are often overcharged. To apply smart travel tips in Cambodia, research and book in advance through trusted platforms that offer customer reviews and competitive pricing. Look for establishments that are upfront about costs to avoid hidden charges.
When on tours be sure to avoid buying from street kids as it they are often sent to work rather then attending school.
4. Eat and Shop Like a Local
Eating at tourist-centric restaurants and shopping in souvenir shops often means paying more. One of the best smart travel tips in Cambodia is to venture where the locals go. Not only will this save you money, but you’ll also enjoy more authentic and memorable experiences. Local markets are great for finding bargains, but remember to haggle respectfully.
If you have a delicate stomach our advise is to use Tripadvisor or google maps to find the best rated spots.
5. Be Cautious with Money Exchanges and ATMs
To avoid being ripped off, be cautious about where you exchange money or withdraw cash. Opt for official banks or ATMs and always count your money before leaving. Be aware of high transaction fees and try to plan your cash needs to minimize frequent withdrawals.
International cards can be used in ATM although there is a fee levied by the Cambodian banks. At the time of writing Bred bank has the lowest ATM fee of USD 4. If you have a multi-currency account such as Revolut you will be receive the market exchange rate and they won’t charge an additional fee on top of the banks ATM fee. You will also be able to use your card free of charge in shops that accept card payments.
By incorporating these smart travel tips in Cambodia into your travel planning, you can enjoy the beauty and excitement of Cambodia without the worry of being overcharged. With a bit of knowledge and preparation, your Cambodian adventure will be as cost-effective as it is unforgettable.