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.
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.
$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
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.
FRw, RF, R₣
500, 1000, 2000, 5000 francs
1, 2, 5, 10, 20, 50 and 100  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
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
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US Dollar to the Rwanda Franc for the last 10 months
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US Dollar to the Rwanda Franc for the last 10 years
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Market rate for common transfer amounts USD to RWF
Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
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