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US dollar to Rwandan franc exchange rate
Find the best USD/RWF exchange rate for 06 Mar 2021.
Refreshing in: 60s | Sat, Mar 06, 05:08AM 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.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Currency Symbol:||FRw, RF, R₣|
|Bank notes:||500, 1000, 2000, 5000 francs|
|Coins:||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.
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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 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)|
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