Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Rwanda with the Rwandan franc
What's in this Rwanda currency guide?
The official currency of Rwanda (country code: RW) is the Rwandan franc, with symbol ر.س and currency code RWF.
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The domestic currency in Rwanda is the Rwandan franc.
The three letter currency code for the Rwandan franc is RWF — symbol is ر.س.
It is the domestic currency in   Rwanda.
No, the Rwandan franc is freely available and convertible. See guide: What is a closed currency?
Here are some popular conversion amounts for USD to RWF (US dollar to Rwandan franc)*.
USD | RWF |
---|---|
$ 0.7160 | ر.س 1,000 |
$ 3.5800 | ر.س 5,000 |
$ 14.32 | ر.س 20,000 |
$ 71.60 | ر.س 100,000 |
More amounts
*Converted at the current USDRWF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Rwandan franc (RWF) is the official currency of Rwanda, a country located in East Africa. Here are a few things to know about the Rwandan franc:
Using Wise for Rwandan franc travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Rwandan franc otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Rwandan franc cash before departure, you can save money by ordering online. You generally get better rates and can pick up the RWF cash locally or even on travel day at the airport.
The below interactive chart displays the USD/RWF change and UP📈 DOWN📉 trends over the past 1 Year.
To get a good (and fair) exchange rate when sending money to Rwanda 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.
When sending money to Rwanda 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 :
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 Rwandan franc deposited into the recipient bank account and less margins and fees kept by the banks!