KHR information
About Cambodian Riel (KHR)
The Cambodian Riel (KHR), introduced in 1980, is not just Cambodia's official currency; it is a symbol of the nation's tumultuous history and its journey towards economic resurgence. It is commonly abbreviated as KHR and represented by the symbol ៛.
Historical Background
The introduction of the Riel marked a significant step in Cambodia's recovery from years of conflict, including the devastating Khmer Rouge regime. The currency was reintroduced to foster a sense of normalcy and economic stability in a nation striving to rebuild itself.
Design and Symbolism
The design of the Cambodian Riel is a vibrant tapestry of the country's cultural and natural heritage. Banknotes feature images of ancient Khmer architecture, like the famed Angkor Wat, alongside portraits of King Norodom Sihanouk and other significant figures. These designs serve not only as a medium for financial transactions but also as a reminder of Cambodia's rich history and resilience.
Economic Role
The Riel plays a crucial role in Cambodia’s predominantly agrarian economy, complemented by the garment industry, tourism, and recently, a growing service sector. While the US Dollar is also widely used, the Riel remains important for local transactions, particularly in rural areas, and symbolizes national sovereignty.
Monetary Policy and Inflation
Managed by the National Bank of Cambodia, the Riel has faced challenges like inflation and currency stability. The central bank’s monetary policies aim to stabilize the Riel, which is crucial for encouraging investment and maintaining the economic confidence of both the populace and international investors.
International Trade and the Cambodian Riel
The Riel’s value is significant in international trade, particularly for Cambodia's exports like textiles, rice, and rubber. A stable Riel is important for maintaining competitive export prices and attracting foreign investment.
Remittances and the Economy
Remittances from Cambodians working abroad, especially in Thailand and South Korea, are a vital source of income for many families and contribute significantly to the national economy. These funds, converted into Riels, support household economies and contribute to the country's financial stability.
MDR to KHR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ៛116.02 | 0.0200% / 0.0320%VIP 7 |
How to buy Mudra MDR
Buy MDR (or USDT) for KHR (Cambodian Riel) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|
Sell MDR (or USDT) for KHR (Cambodian Riel) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|
What factors influence the conversion rate of Mudra MDR to Cambodian Riel?
Mudra MDR to Cambodian Riel is falling this week.Conversion tables
The exchange rate of Mudra MDR is decreasing.MDR to KHR
KHR to MDR
Today vs. 24 hours ago
Amount | 05:17 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MDR | $0.01450 | $0.01500 | -1.25% |
1 MDR | $0.02899 | $0.03000 | -1.25% |
5 MDR | $0.1450 | $0.1500 | -1.25% |
10 MDR | $0.2899 | $0.3000 | -1.25% |
50 MDR | $1.45 | $1.5 | -1.25% |
100 MDR | $2.9 | $3 | -1.25% |
500 MDR | $14.5 | $15 | -1.25% |
1000 MDR | $28.99 | $30 | -1.25% |
Today vs. 1 month ago
Amount | 05:17 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MDR | $0.01450 | $0.03972 | -38.96% |
1 MDR | $0.02899 | $0.07945 | -38.96% |
5 MDR | $0.1450 | $0.3972 | -38.96% |
10 MDR | $0.2899 | $0.7945 | -38.96% |
50 MDR | $1.45 | $3.97 | -38.96% |
100 MDR | $2.9 | $7.94 | -38.96% |
500 MDR | $14.5 | $39.72 | -38.96% |
1000 MDR | $28.99 | $79.45 | -38.96% |
Today vs. 1 year ago
Amount | 05:17 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MDR | $0.01450 | $0.2169 | -83.67% |
1 MDR | $0.02899 | $0.4339 | -83.67% |
5 MDR | $0.1450 | $2.17 | -83.67% |
10 MDR | $0.2899 | $4.34 | -83.67% |
50 MDR | $1.45 | $21.69 | -83.67% |
100 MDR | $2.9 | $43.39 | -83.67% |
500 MDR | $14.5 | $216.93 | -83.67% |
1000 MDR | $28.99 | $433.86 | -83.67% |
Mudra MDR price prediction
What will the price of MDR be in 2025?
What will the price of MDR be in 2030?
Other crypto price predictions
Bitget Earn
APR