Finance and money forum

US$ vs. local currency

  • daflj

    Joined Travelfish
    28th August, 2008
    Posts: 32
    Total reviews: 4

    Hi,
    another quick question for the assembled brains.
    I know that in Cambodia/Laos/Vietnam the US$ will be charged for many transactions.

    Do I need to take all the dollars I'll need while I'm there in cash? If I take dollar TCs will I be able to exchange them in banks/booths for dollars or only for local currency?

    Presumably ATMs will only dispense local currency?

    #1 Posted: 8/12/2008 - 15:49

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  • idreamofdur-
    ian

    TF writer
    Click here to learn more about idreamofdurian
    Joined Travelfish
    5th September, 2008
    Location Singapore
    Posts: 576
    Total reviews: 4

    Prices are often quoted in US dollars just because it's easier than quoting some huge sounding price in the local currency. If the staff at a guesthouse says a room is $10 US, they'll always accept payment in the local currency, too (be sure to know the going exchange rate).

    The ATMs I used in Cambodia dispensed US $$, but kip in Laos and dong in Vietnam. Some places will cash traveler's cheques or give credit card advances in US $$, too.

    #2 Posted: 8/12/2008 - 23:15

  • fondo

    Joined Travelfish
    23rd June, 2006
    Posts: 161
    Total reviews: 19
    Places visited:
    At least 98

    In Cambodia, cash TCs for USD with approx 2% commission.

    #3 Posted: 9/12/2008 - 08:30

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