US Dollar to Rwanda Franc Exchange Rate

Live Rate

= FRw 955.1385

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How can I get the best exchange rate between the US dollar and the Rwanda franc?

US travelers heading to Rwanda don’t need to worry about exchanging their money into the Rwanda francs because dollars are the preferred currency in Rwanda. Hotels, tourist lodges and even national park tickets are often priced in US dollars.

According to online travel forums, only dollar bills issued after 2003 are accepted in Rwanda. Also, it’s recommended to bring bills in good shape, without tears or writings on them. Older looking bills may still be accepted, but often at a worse exchange rate. If you need local currency, a convenient option is to use one of the many forex bureaus located around the capital of Kigali. An up to date list of authorized foreign exchange bureaus is available on the website of the National Bank of Rwanda.

For sending money from the US to Rwanda, online money transfer services typically offer the best rates. Since the franc isn’t always available to send, you’ll likely need to send US dollars to Rwanda and have your recipient take care of the conversion to francs.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Rwanda Franc

The Rwanda franc is the official currency of the small African country of Rwanda. The economy relies heavily on agriculture, with about 90% of the population engaged in farming.
Currency:Rwanda Franc
Currency Symbol:FRw, RF, R₣
Sub unit:centime
Bank notes:500, 1000, 2000, 5000 francs
Coins:1, 2, 5, 10, 20, 50 and 100 [1] francs

What affects exchange rates between the US dollar and the Rwanda franc?

The official exchange rate between the US dollar and the Rwanda franc is managed by the National Bank of Rwanda, meaning it’s not directly impacted by economic factors that are important for other currencies.

However, the development of the Rwandan economy does have some effect on the central bank’s fixing of the exchange rate. As a largely agricultural society, exports of products such as tea and coffee is extremely important for the Rwandan economy, as well as the value of the Rwandan franc compared to the US dollar.

The National Bank of Rwanda manages the currency with an overarching goal of maintaining stable prices of goods and services in the country.

Send money from USD to RWF

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 949.408 RWF 470,916 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 20.00 931.26 RWF 447,005 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 1 Same day USD 1.00 936.036 RWF 467,082 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details
USD 0 1 - 2 days USD 1.99 936.036 RWF 466,155 Special offers like free transfers and better exchange rates available for new customers.
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How does the Rwanda franc trade against the US dollar historically?

The value of the Rwanda franc has declined steadily over the last decade when compared to the US dollar. Although there haven’t been any dramatic fluctuations in the exchange rate between the two currencies, the buying power for holders of Rwanda francs has gradually been eroded in terms of US dollars.

As the financial crisis was coming to an end in 2008, the value of the Rwanda franc was about 540 francs per dollar. Over time, the gradual decline of the franc accelerated with the exchange rate reaching a level of 850 francs per dollar by the end of 2017.

US Dollar to the Rwanda Franc for the last 10 days

Jul 04 Jul 05 Jul 06 Jul 07 Jul 08 Jul 09 Jul 10 Jul 11 Jul 12 Jul 13
1 USD = 952.5000 Inverse: 0.0010 948.2960 Inverse: 0.0011 953.5108 Inverse: 0.0010 954.4230 Inverse: 0.0010 953.5136 Inverse: 0.0010 953.7514 Inverse: 0.0010 950.0000 Inverse: 0.0011 956.4137 Inverse: 0.0010 955.1310 Inverse: 0.0010 954.4038 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 USD = 922.5000 Inverse: 0.0011 926.1098 Inverse: 0.0011 931.5784 Inverse: 0.0011 926.0000 Inverse: 0.0011 944.6375 Inverse: 0.0011 937.3214 Inverse: 0.0011 950.2714 Inverse: 0.0011 935.0000 Inverse: 0.0011 946.9174 Inverse: 0.0011 953.5272 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 USD = 589.0946 Inverse: 0.0017 594.5073 Inverse: 0.0017 607.9312 Inverse: 0.0016 649.6630 Inverse: 0.0015 679.9560 Inverse: 0.0015 729.1471 Inverse: 0.0014 769.1045 Inverse: 0.0013 825.3350 Inverse: 0.0012 861.0000 Inverse: 0.0012 915.0000 Inverse: 0.0011

Market rate for common transfer amounts USD to RWF

US Dollars (USD) Rwandan Franc (RWF)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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