Tour operators are always ready to guide you to safe places where you can exchange money in Rwanda. However, it’s good to first do your own research to understand how the process works.
Money exchange means changing your home currency to Rwandan Francs. This helps you buy things during your stay. If you are planning to stay for a long time, it’s a good idea to open a local bank account.
Be careful with services that say they have zero fees. Some of them hide extra costs by using poor exchange rates to make more money from you. Always check the real exchange rate, also known as the mid-market rate, so you can spot bad deals.
Some visitors prefer exchanging money at the airport or hotels, but this is not advised because the rates are usually poor, and the transaction fees are high. If you go to Kigali, you will find better exchange rates in the city. If you are using an ATM, first check if your bank at home works with any banks in Rwanda. This will help you avoid extra ATM charges.
Another smart option is to open a Wise account online and order a linked debit card. This allows you to spend or withdraw money in over 150 countries with a one-time fee. You can also use a virtual card on your phone for online spending.
If this method is not easy for you, you can still exchange your cash and use it as needed—but always stay alert, especially near ATMs or banks, because thieves sometimes target visitors.
You can spend in Rwandan Francs without extra currency exchange fees on weekends if you stay within your account limits. Check how much you can save with different foreign exchange services.
Many locals, especially near national parks, prefer Rwandan Francs. If you have US dollars, it’s better to exchange them in town, as many people in rural areas may not know their value.
Large amounts of money are more likely to be accepted in US dollars or other strong currencies. ATMs are found in Kigali and all major cities across Rwanda. You can exchange money at banks or private forex bureaux, but note that they are usually closed on Sundays and public holidays.
When in Rwanda, do what the locals do—use Rwandan Francs.
