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US dollar to Rwandan franc exchange rate

Find the best USD/RWF exchange rate for 06 Mar 2021.

Live Rate

= FRw 993.0236

Refreshing in: 60s | Sat, Mar 06, 05:08AM GMT

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Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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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
$1 Within an hour USD 3.99 987.065 RWF 489,594 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$1 3 - 5 days USD 20.00 968.198 RWF 464,735 Western Union sends money online to friends and family in 200+ countries around the world. Show details
$1 Same day USD 1.00 973.163 RWF 485,608 Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations. Go to site Show details
$10 Within an hour USD 1.99 973.163 RWF 484,645 Special offers like free transfers and better exchange rates available for new customers.
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Best ways to send money to Rwanda

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 24 Feb 25 Feb 26 Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04 Mar 05
1 USD = 989.0102 Inverse: 0.0010 992.9292 Inverse: 0.0010 992.9969 Inverse: 0.0010 992.9969 Inverse: 0.0010 992.9969 Inverse: 0.0010 984.6995 Inverse: 0.0010 990.5893 Inverse: 0.0010 988.1466 Inverse: 0.0010 987.8785 Inverse: 0.0010 993.0236 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 months

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 939.9394 Inverse: 0.0011 935.0000 Inverse: 0.0011 948.2960 Inverse: 0.0011 959.0133 Inverse: 0.0010 951.0000 Inverse: 0.0011 965.5997 Inverse: 0.0010 982.5000 Inverse: 0.0010 987.9089 Inverse: 0.0010 984.8097 Inverse: 0.0010 989.5927 Inverse: 0.0010

US Dollar to the Rwanda Franc for the last 10 years

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 596.7664 Inverse: 0.0017 603.4697 Inverse: 0.0017 643.5173 Inverse: 0.0016 679.5104 Inverse: 0.0015 690.8423 Inverse: 0.0014 758.9217 Inverse: 0.0013 830.8766 Inverse: 0.0012 861.1918 Inverse: 0.0012 885.0000 Inverse: 0.0011 943.5345 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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