Rwanda - Rwandan Franc - Currency Guide

RWF News, Forecasts and Trends

The above interactive chart shows the USD to RWF exchange rate, trend and recent alerts for the last 90 days.

Travel, Currency and Money saving tips for Rwanda

Travel money for Rwanda

Save money and time by Ordering your Rwandan Franc online from Travelex, you get better rates and can pick up the RWF 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 Rwandan Franc otherwise you may get much worst exchange rates.

Sending money to Rwanda

When searching around for information on how to get a good exchange rate when sending money to Rwanda you need to start with finding out the latest Rwandan Franc exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.

Get a better deal for foreign transfers to Rwanda

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 :

1. Open an account with a BER reviewed FX provider (id docs may be required)
2. You specify the local or Rwandan Franc amount you want to transfer
3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
4. Once your funds are received by the provider the converted RWF amount will be transfered to the recipient account you specify in Rwanda.

Use the above Send to Rwandan Franc 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!