About the AUD/KHR rate
The AUD/KHR rate is how many KHR one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/KHR rate history.
Reading the same rate from the other side: the reverse rate, KHR → AUD, is on the receiving Cambodian riel view, and sending Australian dollars to Cambodia is covered on the AUD → KHR transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
What Cambodia's de-dollarisation has achieved
Cambodia's dollar share has been moving the wrong way for the policy that opposes it. On the International Monetary Fund's 2025 Article IV figures, foreign currency deposits were 83.0 per cent of Cambodia's broad money in 2021 and 85.1 per cent in 2024, with the riel component falling from 17.0 to 14.9 per cent over the same period. On the lending side the share has stayed close to 88 per cent throughout.
The National Bank has real levers and is using them. It lowered the reserve requirement on US dollar deposits to 7 per cent in the final quarter of 2023, targets riel-denominated lending at around 10 per cent to limit currency mismatches on company balance sheets, and its de-dollarisation strategy includes a gradual transition by firms to paying salaries in riel. Its blockchain-based payment system, Bakong, has processed a total payment value equivalent to 330 per cent of gross domestic product and is described by the Fund as supporting de-dollarisation directly.
The absolute figures explain why the share is hard to shift. On the same Fund tables, foreign currency deposits stood at US$32,041 million in 2021 and US$47,164 million in 2024, so the dollar stock has been growing quickly in its own right; a rising riel would have to outrun that rather than merely appear.
None of this operates through restriction. The Fund records that Cambodia's exchange system remains free of multiple currency practices and of restrictions on current international payments and transfers, so the riel is being promoted by policy alone, and the authorities themselves name the high degree of dollarisation as a constraint on what monetary policy can do.
Sources: International Monetary Fund, Cambodia 2025 Article IV Consultation (Country Report No. 25/317)