MILKBAG to KHR Converter and calculator


Conversion rates
Convert MILKBAG to KHR
Convert KHR to MILKBAG
MILKBAG to KHR chart
MILKBAG to KHR conversion data: Volatility and price changes of MILKBAG in KHR
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.8137 KHR | 0.8441 KHR | 0.9526 KHR | 1.27 KHR |
Low | 0.7376 KHR | 0.6889 KHR | 0.6405 KHR | 0.3562 KHR |
Average | 0 KHR | 0 KHR | 0 KHR | 0 KHR |
Volatility | % | % | % | % |
Change | -9.36% | -3.33% | +19.20% | -36.70% |
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MILKBAG information
MILKBAG to KHR market statistics
Current MILKBAG to KHR exchange rate
MILKBAG to Cambodian Riel is falling this week.More info about MILKBAG on Bitget
Cambodian Riel 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.
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MILKBAG to KHR Conversion tables
Amount | 14:14 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MILKBAG | ៛0.3688 | ៛0.4069 | -9.36% |
1 MILKBAG | ៛0.7376 | ៛0.8137 | -9.36% |
5 MILKBAG | ៛3.69 | ៛4.07 | -9.36% |
10 MILKBAG | ៛7.38 | ៛8.14 | -9.36% |
50 MILKBAG | ៛36.88 | ៛40.69 | -9.36% |
100 MILKBAG | ៛73.76 | ៛81.37 | -9.36% |
500 MILKBAG | ៛368.8 | ៛406.87 | -9.36% |
1000 MILKBAG | ៛737.6 | ៛813.73 | -9.36% |
MILKBAG to KHR FAQ
What factors influence the conversion rate of MILKBAG to KHR?
Popular exchange rates — Crypto-to-Fiat converter
The price of MILKBAG in the US is $0.0001842 USD. Additionally, MILKBAG’s price is €0.0001576 EUR in the eurozone, £0.0001359 GBP in the UK, C$0.0002541 CAD in Canada, ₹0.01611 INR in India, ₨0.05224 PKR in Pakistan, R$0.0009934 BRL in Brazil, and more.
The most popular MILKBAG currency pair is the MILKBAG to Cambodian Riel(KHR). The price of 1 MILKBAG (MILKBAG) in Cambodian Riel (KHR) is ៛0.7376.
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