US Dollar to Rwanda Franc Exchange Rate

Live Rate

= FRw 925.0000

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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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 921.3 RWF 460,650 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 919.45 RWF 456,056 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 0.00 906.5 RWF 453,250 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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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 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17
1 USD = 924.1362 Inverse: 0.0011 924.3905 Inverse: 0.0011 925.3475 Inverse: 0.0011 925.0000 Inverse: 0.0011 925.0000 Inverse: 0.0011 925.6892 Inverse: 0.0011 926.1098 Inverse: 0.0011 925.6754 Inverse: 0.0011 925.9519 Inverse: 0.0011 925.1887 Inverse: 0.0011

US Dollar to the Rwanda Franc for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 885.8268 Inverse: 0.0011 890.8583 Inverse: 0.0011 892.4328 Inverse: 0.0011 901.1700 Inverse: 0.0011 902.2500 Inverse: 0.0011 905.2422 Inverse: 0.0011 908.5911 Inverse: 0.0011 909.2910 Inverse: 0.0011 919.0957 Inverse: 0.0011 922.5900 Inverse: 0.0011

US Dollar to the Rwanda Franc for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 567.4509 Inverse: 0.0018 586.5616 Inverse: 0.0017 596.2341 Inverse: 0.0017 616.8621 Inverse: 0.0016 671.7087 Inverse: 0.0015 688.6845 Inverse: 0.0015 727.4381 Inverse: 0.0014 800.3190 Inverse: 0.0012 834.5100 Inverse: 0.0012 879.9057 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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