US Dollar to Rwanda Franc Exchange Rate

Live Rate

= FRw 949.9289

Refreshing in: 60s | Thu, Feb 27, 12:04PM GMT

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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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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

Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26
1 USD = 948.4143 Inverse: 0.0011 945.5966 Inverse: 0.0011 944.5162 Inverse: 0.0011 951.3743 Inverse: 0.0011 935.0000 Inverse: 0.0011 935.0000 Inverse: 0.0011 944.9734 Inverse: 0.0011 945.7537 Inverse: 0.0011 937.5000 Inverse: 0.0011 944.4895 Inverse: 0.0011

US Dollar to the Rwanda Franc for the last 10 months

Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
1 USD = 905.2110 Inverse: 0.0011 905.0000 Inverse: 0.0011 910.0000 Inverse: 0.0011 915.0000 Inverse: 0.0011 917.3824 Inverse: 0.0011 923.0111 Inverse: 0.0011 927.5523 Inverse: 0.0011 930.4494 Inverse: 0.0011 946.9830 Inverse: 0.0011 937.5000 Inverse: 0.0011

US Dollar to the Rwanda Franc for the last 10 years

Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
1 USD = 572.5330 Inverse: 0.0017 598.0811 Inverse: 0.0017 600.2491 Inverse: 0.0017 636.4363 Inverse: 0.0016 679.5855 Inverse: 0.0015 691.5153 Inverse: 0.0014 755.7105 Inverse: 0.0013 821.0000 Inverse: 0.0012 864.4600 Inverse: 0.0012 898.9955 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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