Currency in Comoros KMF - Things to know
Foreign exchange guide to Comoros and the Comorian franc
What's in this Comoros currency guide?
What currency is used in Comoros?
The official currency of Comoros (country code: KM) is the Comorian franc, with symbol CF and currency code KMF.
Travel money for Comoros
Save money and time by Ordering your Comorian franc online from Travelex, you get better rates and can pick up the KMF cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Comorian franc otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Comoros
Comoros is an archipelago located in the Indian Ocean off the southeastern coast of Africa. The four main islands are Grande Comore, Anjouan, Mohéli, and Mayotte. The name “Comoros” comes from the Arabic word for “moon,” which is fitting given that the islands are often referred to as the “ moonscape islands.” The landscape is indeed otherworldly, with volcanic peaks, lush jungles, and pristine beaches. Despite its small size, Comoros is home to a diverse array of wildlife, including lemurs, dugongs, and sea turtles.
The people of Comoros are just as diverse as the landscape, with Arabs, Africans, Malays, Indians, and Europeans all calling the archipelago home. The cuisine is likewise a mix of influences, with dishes like curry, rice, and seafood being common.
Comoros is a relatively unknown destination, but that is starting to change. Travelers are drawn to the islands for their scenic beauty, friendly locals, and unique culture. Expats are attracted by the relaxed lifestyle and low cost of living.
Best things to do and see in Comoros
1. Visit the capital city of Moroni and explore its many mosques and markets.
2. Take a boat ride around the stunning Ngazidja island.
3. Relax on the white sand beaches of Moheli island.
4. Go hiking and enjoy the stunning scenery of the volcanic islands.
5. Visit the beautiful town of Mutsamudu on the island of Anjouan.
Top Travel tips for Comoros
1. Visitors to Comoros should be aware of the risk of venomous snakes, especially on the islands of Anjouan and Moheli.
2. There is a risk of contracting dengue fever in Comoros. Travellers should take steps to avoid being bitten by mosquitoes.
3. Visitors to Comoros should take basic security precautions, including keeping valuables out of sight and being alert to their surroundings.
4. There have been reports of sexual assaults on female travellers in Comoros. Women should take precautions when travelling in Comoros, especially when travelling alone.
5. Visitors to Comoros should be aware of the risk of transaction fraud, particularly when using ATMs or credit cards. Travellers should only use ATMs in well-lit and populated areas.
6. There is a risk of terrorist attack in Comoros. Travellers should be vigilant in public places and report any suspicious activity to the local authorities.
What's the best way to pay in Comoros?
There is no definitive answer to this question since there are so many different factors to consider. In general, however, it is generally recommended to use cash when possible in Comoros. This is because credit cards can often be subject to large fees, and ATMs can be scarce.
USD/KMF Market Data
The below interactive chart displays the USD/KMF trend and UP▲ DOWN▼ HIGH▲ LOW▼ alerts
Frequently Asked Questions
What currency should I use in Comoros?
The domestic currency in Comoros is the Comorian franc.
What is the Comorian franc currency code and symbol?
The three letter currency code for the Comorian franc is KMF — symbol is CF.
Which countries use the Comorian franc?
It is the domestic currency in Comoros.
Is the Comorian franc a closed currency?
No, the Comorian franc is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and KMF?
Converted at USD/KMF interbank rate, compare Send Money and Currency Exchange exchange rates.
Send Money to Comoros - Best Rates
To get a good (and fair) exchange rate when sending money to Comoros you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Comoros
When sending money to Comoros it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Comorian franc amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted KMF amount will be transfered to the recipient account you specify in Comoros.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Comorian franc deposited into the recipient bank account and less margins and fees kept by the banks!
Expat Money & Business Guide to Comoros
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Comoros.
How is the cost of living in Comoros?
The cost of living in Comoros is relatively low. Expenses such as food, transportation, and housing are relatively affordable when compared to other countries in the region.
How is the expat life in Comoros?
There is no definitive answer to this question as everyone's experience will be different. However, it is generally agreed that Comoros is a great place to live as an expat. There are many opportunities to meet other expats and get involved in the local community. There are also plenty of things to do and see in Comoros, making it an ideal place to live.
Any laws in Comoros that foreigners should be aware of?
There are no significant laws in Comoros that foreigners should be aware of.
How is the economy in Comoros?
The economy of Comoros is based largely on agriculture, fishing, and forestry. GDP growth in recent years has been hampered by political instability, poor infrastructure, and low levels of investment. In 2017, Comoros' GDP growth was 2.5%.
Managing your finances in Comoros
Here we list some key points for expats and businesses to consider when managing financial dealings in Comoros:
Understand Comorian franc currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the KMF exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Comorian franc bank account: A local KMF bank account can make it easier for you to manage your finances and pay bills while you are in Comoros. It may also be more convenient to use a local KMF bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Comoros. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Comoros. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Comoros, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
