US Dollar to Rwanda Franc Exchange Rate

Live Rate

= FRw 975.0000

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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

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$1 Within an hour USD 3.99 969.15 RWF 480,708 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
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$1 Same day USD 1.00 955.5 RWF 476,795 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details
$0 1 - 2 days USD 1.99 955.5 RWF 475,849 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

Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24
1 USD = 976.6712 Inverse: 0.0010 976.0000 Inverse: 0.0010 976.0000 Inverse: 0.0010 976.9556 Inverse: 0.0010 977.1448 Inverse: 0.0010 976.8181 Inverse: 0.0010 976.8583 Inverse: 0.0010 977.1459 Inverse: 0.0010 975.0000 Inverse: 0.0010 975.0000 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 941.9484 Inverse: 0.0011 937.5000 Inverse: 0.0011 945.7537 Inverse: 0.0011 946.0797 Inverse: 0.0011 937.5000 Inverse: 0.0011 953.1668 Inverse: 0.0010 954.2018 Inverse: 0.0010 955.0825 Inverse: 0.0010 963.1378 Inverse: 0.0010 964.2567 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 582.9881 Inverse: 0.0017 597.2495 Inverse: 0.0017 626.1086 Inverse: 0.0016 669.9419 Inverse: 0.0015 691.1690 Inverse: 0.0014 742.9687 Inverse: 0.0013 813.1300 Inverse: 0.0012 854.9507 Inverse: 0.0012 871.0000 Inverse: 0.0011 924.3510 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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