- Southeast Asian currencies play a crucial role in determining the value for money for tourists in 2026. Countries like Laos and Cambodia, with their weak currencies, offer significant affordability, making them popular among budget-conscious travellers. In contrast, Thailand and Malaysia provide a balance of value and quality, appealing to a wide range of tourists. On the other hand, Singapore, South Korea, and Fiji, with their stronger currencies, which will be skyrocketing tourism, offering luxury and high-end experiences. Understanding these currency trends and exchange rates will help travellers decide which destinations offer the best value in 2026.
Exchange rates of selected currencies
| Country (currency) | Evidence from official sources | Official exchange rate (local currency per USD) – latest available year | Interpretation |
| Lao PDR – Lao kip (LAK) | The World Bank’s International Financial Statistics (IMF data) shows that in 2023 the official exchange rate averaged 17,688.87 kip per USD[1]. The 2024 value is not yet published, but media reports note that the Bank of the Lao PDR set the reference rate at around LAK 21,391 per USD in May 2025 (commercial rates were even higher)[2]. | 17,688.87 LAK per USD in 2023[1] (2024 data not yet available). | The kip is one of the world’s weakest currencies: travellers receive tens of thousands of kip for one U.S. dollar. This translates to low nominal prices, though Laos has recently experienced high inflation and a shortage of foreign currency. |
| Cambodia – Cambodian riel (KHR) | The World Bank reports that Cambodia’s riel averaged 4,072.40 KHR per USD in 2024[3]. The Cambodia Economic Update (World Bank, December 2024) notes that strong capital inflows and recovery in tourism allowed the riel to appreciate to about 4,091 riel per USD in August 2024, compared with about 4,140 riel per USD in August 2023[4]. The National Bank of Cambodia targets around 4,000 riel per USD[5]. | 4,072.4 KHR per USD in 2024[3]. | Travellers get several thousand riel for one U.S. dollar. While Cambodia is dollarised (many transactions are priced in USD), the local currency’s low value and relatively low price levels make it a budget‑friendly destination. |
| Thailand – Thai baht (THB) | IMF/World Bank data show that the baht’s official exchange rate averaged 35.29 baht per USD in 2024[6]. The baht has been relatively stable; the Bank of Thailand’s weighted‑average interbank rate was around 32–33 baht per USD in early September 2025[7]. | 35.29 THB per USD in 2024[6]. | This exchange rate means travellers receive roughly thirty‑five baht per dollar. Thailand’s popularity among tourists is also due to a wide range of prices—from budget street food to luxury resorts—so overall affordability remains good despite a stronger currency than those of Laos and Cambodia. |
| Malaysia – Malaysian ringgit (MYR) | The official average exchange rate in 2024 was 4.576 ringgit per USD[8], according to World Bank/IMF data. The ringgit weakened in 2023–24, hovering around RM 4.5–4.8 per USD. | 4.576 MYR per USD in 2024[8]. | Because one U.S. dollar buys only about four to five ringgit, Malaysia’s currency is stronger than Laos’ or Cambodia’s but weaker than the Singapore dollar. Combined with relatively low food and transport costs, Malaysia remains a good value destination. |
| Singapore – Singapore dollar (SGD) | The World Bank’s data show that in 2024 the official exchange rate was 1.336 SGD per USD[9]. The Monetary Authority of Singapore manages the currency through a basket‑band‑crawl system, keeping it relatively strong. | 1.336 SGD per USD in 2024[9]. | The strong Singapore dollar means tourists get only a little more than one Singapore dollar per U.S. dollar, and the city‑state’s high living costs make it one of the region’s most expensive destinations despite excellent infrastructure. |
| South Korea – Korean won (KRW) | IMF/World Bank data show that the won averaged 1,363.38 won per USD in 2024[10]. Although Korea is not in Southeast Asia, travellers often include it in regional itineraries. | 1,363.38 KRW per USD in 2024[10]. | A high number of won per dollar suggests that nominal prices are in the thousands, but South Korea’s developed economy and high price levels mean overall costs are comparable to Western countries. |
| Fiji – Fijian dollar (FJD) | Official IMF data show that the Fijian dollar averaged 2.268 FJD per USD in 2024[11]. | 2.268 FJD per USD in 2024[11]. | The currency is modestly valued—one U.S. dollar buys just over two Fijian dollars. Fiji’s tourism industry is well developed, and prices for accommodation and activities can be high; thus it is not as budget‑friendly as Laos or Cambodia. |
Which currencies are “cheapest” and why
How to interpret a weak currency
A weak currency—defined here as a high number of local currency units per U.S. dollar—may make a destination appear “cheap,” but the cost of living and inflation determine whether travellers actually spend less. For example, Laos’ kip and Cambodia’s riel both have high nominal exchange rates (tens of thousands or thousands per USD)[1][3], yet inflation and import dependence can raise prices, so the purchasing power of those currencies is still limited. Likewise, Thailand and Malaysia have more moderate exchange rates but competitive prices for food and lodging, offering good value. In contrast, Singapore and South Korea have stronger currencies and higher price levels, so travellers will spend more.
Ranking by nominal value (from cheapest to strongest)
By looking solely at the official exchange rate (local currency per U.S. dollar) as of 2024–2025, the currencies of the listed countries rank from least valuable to strongest roughly as follows:
- Laos – Lao kip: travellers receive tens of thousands of kip for one U.S. dollar (17,688 LAK/USD in 2023[1]; over 21,000 kip/USD in 2025). This large denomination gives the impression of being very cheap; however, high inflation (over 20 % in 2023–2024) has eroded purchasing power.
- Cambodia – Cambodian riel: around 4,072 riel per USD[3]. Cambodia remains inexpensive for food, transportation and mid‑range accommodation, though many prices are quoted in U.S. dollars.
- South Korea – Korean won: about 1,363 won per USD[10]. Despite the high denomination, Korea’s advanced economy and higher wages make it more expensive than its currency value suggests.
- Thailand – Thai baht: about 35.3 baht per USD[6]. Thailand offers a wide price spectrum; budget travellers find good value, but resort areas and imported goods cost more.
- Malaysia – Malaysian ringgit: about 4.576 ringgit per USD[8]. Combined with reasonable food and transport prices, the ringgit’s level makes Malaysia attractive for visitors.
- Fiji – Fijian dollar: roughly 2.268 FJD per USD[11]. Fiji is more expensive than mainland Southeast Asia due to its island location and reliance on imports.
- Singapore – Singapore dollar: only about 1.336 SGD per USD[9]. The strong currency and high living costs make Singapore the least “cheap” among the listed destinations.
Laos and Cambodia: Affordable Destinations for Budget Tourists
Countries like Laos and Cambodia benefit from their low exchange rates, which provide tourists with large amounts of local currency for each U.S. dollar. As of 2024, the Lao kip was valued at approximately 17,688 LAK per USD, making Laos an attractive option for those seeking budget-friendly travel. The Cambodian riel, trading at about 4,072 KHR per USD, also offers significant value for money, making both countries great options for travellers who want to stretch their budgets. However, inflation could limit the purchasing power of these currencies in the short term, which might impact the affordability of day-to-day expenses.
Tourism in both countries will benefit as travellers continue to seek out low-cost destinations, with Cambodia offering budget-friendly options for food, transport, and accommodation. Laos, with its lush landscapes and tranquil settings, will likely see a rise in eco-tourism, as its affordability appeals to eco-conscious travellers looking for a more budget-friendly experience.
Thailand and Malaysia: Balanced Destinations
Thailand and Malaysia, with their moderately priced currencies, offer a blend of affordable travel experiences without compromising on quality. Thailand’s 35.29 baht per USD in 2024 ensures good value for tourists, especially when considering the vast range of options available, from street food to luxury resorts. Similarly, Malaysia’s 4.576 ringgit per USD provides a good balance of value and affordability, with relatively low food and transport costs. These countries are expected to maintain their appeal in 2026, offering both budget and mid-range options to cater to a wide array of travellers.
The Thai tourism sector is expected to continue booming due to its diverse offerings, such as cultural experiences, beaches, and nature-based tourism. With the value of the baht remaining competitive, tourists from regions with stronger currencies may also flock to Thailand for an affordable yet immersive travel experience. Malaysia, with its unique blend of modern cities, natural beauty, and rich cultural heritage, will continue to attract tourists seeking value without compromising on the quality of their experience.
Singapore and South Korea: Premium Tourism
In contrast, countries like Singapore and South Korea have stronger currencies, with Singapore dollar at 1.336 SGD per USD and South Korea’s Korean won at 1,363.38 KRW per USD. These destinations will likely remain premium options for travellers in 2026, offering world-class infrastructure and experiences but at a higher price point.
Despite their higher costs, both Singapore and South Korea attract tourists for reasons beyond affordability, such as advanced technology, luxury shopping, and top-tier cultural experiences. Singapore, with its dynamic skyline and top-class services, will remain a popular destination for those willing to spend more, especially in terms of fine dining, accommodation, and high-end shopping. South Korea, with its rich cultural heritage and modern amenities, will continue to appeal to tourists willing to pay a premium for the latest trends in pop culture, technology, and fashion.
Fiji: A Premium Island Experience
Lastly, Fiji’s 2.268 FJD per USD exchange rate indicates it will continue to be a more expensive destination compared to mainland Southeast Asia, especially for those seeking island holidays. While Fiji offers beautiful beaches, resorts, and outdoor activities, the reliance on imports and high tourism infrastructure costs will likely keep it out of reach for budget travellers. Those looking for a premium island experience will still find value in Fiji, as the country’s tourism industry offers top-tier services that justify the costs for high-end tourists.
What travellers might expect in 2026
Based on the latest official data and economic trends, the currencies most likely to remain low in value relative to the U.S. dollar in 2026 are the Lao kip and the Cambodian riel. The kip has been under pressure from persistent trade deficits and inflation, and analysts do not expect a sharp appreciation; the Bank of the Lao PDR’s reference rate already exceeded 21,000 LAK per USD in mid‑2025[4]. The Cambodian riel is managed more closely; the National Bank of Cambodia targets around 4,000 riel per USD[5] and the World Bank noted that the currency marginally appreciated to 4,091 riel per USD in August 2024[4]. Unless there is a major shift in policy, these values suggest the riel will continue to trade near 4,000–4,100 riel per USD in 2025–2026.
For Thailand and Malaysia, exchange rates in 2024–2025 have hovered around 35 baht and 4.5 ringgit per USD respectively[6][8]. These countries are likely to remain moderately priced destinations, though any weakening of the U.S. dollar or improvement in their economies could lead to modest currency appreciation.
In contrast, Singapore and South Korea maintain managed or floating regimes that prioritise price stability. The Monetary Authority of Singapore manages the SGD against a basket of currencies, keeping it strong[9]. South Korea’s won may fluctuate within the 1,200–1,400 range per USD[10] but is unlikely to weaken to the levels of Laos or Cambodia. Fiji’s dollar has remained around 2.3 FJD per USD[11]; tourism infrastructure and imported goods keep the overall price level relatively high.
Bottom line
For travellers looking for “cheap” currencies and good value in 2026, Laos and Cambodia stand out. Their currencies have very low values relative to the U.S. dollar (thousands to tens of thousands of units per USD), and although inflation has been a challenge, day‑to‑day expenses such as local food, transportation and guest‑house accommodation remain affordable. Thailand and Malaysia offer a balance between reasonably valued currencies and well‑developed tourism sectors, while Singapore, South Korea and Fiji have stronger currencies and higher living costs, making them more expensive despite the apparent exchange‑rate differences.
Travellers should also watch inflation, government policies and local economic conditions in 2025–2026. Consulting official exchange‑rate data from central banks or international organizations (such as the IMF and World Bank) shortly before travelling will provide the most accurate picture of currency values.\
Sources:
[1] api.worldbank.org
[2] [4] [5] World Bank Document
[3] api.worldbank.org
[6] api.worldbank.org
[8] api.worldbank.org
[9] api.worldbank.org
[10] api.worldbank.org
[11] api.worldbank.org
