Exchange 3086 KHR to CAD - 3086 Cambodian Riel to Canadian Dollar
The riel (Khmer: រៀល; sign: ៛; code: KHR) is the currency of Cambodia. There have been two distinct riel, the first issued between 1953 and May 1975. Between 1975 and 1980, the country had no monetary system. A second currency, also named "riel", has been issued since March 20, 1980. The symbol is encoded in Unicode at U+17DB ៛ KHMER CURRENCY SYMBOL RIEL (HTML ៛). Popular belief suggests that the name of the currency comes from the Mekong river fish, the riel ("small fish" in Khmer). It is more likely that the name derives from the high silver content Mexican real used by Malay, Indian and Chinese merchants in mid-19th-century Cambodia.
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.
3086 Cambodian Riel to Canadian Dollar exchange rates chart
3086 KHR to CAD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.
3086 Cambodian Riel to Canadian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.
Cambodia's public debt-to-GDP ratio remains low risk this year. This means the Kingdom is able to afford more debt to maintain economic growth while assuring good returns on its investments, says Jarkko Turunen, a senior economist at the International
The National Bank of Cambodia has announced that it will stop offering interest payments to banks in the Kingdom for their currency reserves. Banking sector leaders say the move will not alter current business models.
While the decision to cut off