Currency to Carry When Visiting Rwanda: A Complete Guide for Travelers
When planning your visit to Rwanda, one of the first things you'll need to consider is the local currency. Understanding the currency and payment methods is essential for making your stay in Kigali or other regions of the country as smooth and hassle-free as possible. Whether you're traveling for business, tourism, or adventure, knowing which currency to bring, how to exchange it, and where you can use it will make a significant difference to your trip.
In this guide, we'll break down everything you need to know about currency in Rwanda, from the Rwandan Franc (RWF) to the best payment methods and where to exchange your money.
The official currency of Rwanda is the Rwandan Franc (RWF). The RWF is widely accepted across the country, from bustling markets in Kigali to remote villages. It's important to know that while Rwanda is growing rapidly in terms of international business, the Rwandan Franc remains the dominant form of exchange.
Currency Notes and Coins: The Rwandan Franc comes in denominations of banknotes (500, 1000, 5000, and 10000 RWF) and coins (1, 5, 10, 20, and 50 RWF).
Exchange Rate: The exchange rate fluctuates, but generally, 1 USD = around 1000-1100 RWF (though this may vary). Be sure to check the latest rates before you exchange money.
Where Can You Exchange Currency in Rwanda?
While carrying Rwandan Francs is the most convenient, you will likely need to exchange your foreign currency to RWF once you arrive. Here are some of the best places to do so:
Banks: Banks in Kigali, like Bank of Kigali and Cogebanque, offer reliable exchange services. You can also find banks in major towns and airports.
Currency Exchange Offices: These are available at the Kigali International Airport and in popular tourist areas. Check Rent Car Rwanda’s page on Kigali Airport Pickup and Transfers to learn more about nearby services.
Hotels and Lodges: Some high-end hotels in Rwanda may offer currency exchange services, but the rates are often less favorable compared to banks or exchange offices.
ATMs: Major cities like Kigali have ATMs that accept international cards, such as Visa and MasterCard. Be aware that ATM withdrawals may charge a fee.
In recent years, credit card payments have become more widely accepted in Rwanda, especially in larger cities and tourist destinations like Kigali. International credit and debit cards (Visa, MasterCard) are often accepted in hotels, restaurants, and high-end shops. However, it’s important to keep in mind that many smaller shops and local businesses still prefer cash payments.
Mobile Payments: Rwanda is also leading in mobile money services. MTN Mobile Money and Airtel Money are two popular services. You can use these services for payments, as well as to send and receive money. This is incredibly convenient, especially if you plan on exploring rural areas or if you need to make small payments.
To make sure your experience is seamless, check out our Rwanda Car Hire Services like Self-Drive Car Rentals and professional driver services for added convenience when traveling through Rwanda.
How Much Cash Should You Carry?
The amount of cash you should carry depends on your plans while in Rwanda. If you’re visiting for leisure and staying in major cities, it’s recommended to carry between 100,000 to 300,000 RWF for a week-long trip. This will cover basic expenses, including meals, transport, and small purchases.
If you’re planning to venture into rural areas or safari tours, such as the Akagera National Park or Volcanoes National Park, cash will be essential for paying park fees, local guides, and other incidental costs.
Best Practices for Handling Money in Rwanda
When traveling in Rwanda, it’s important to manage your finances wisely to avoid unnecessary issues. Here are some helpful tips:
Avoid Carrying Large Amounts of Cash: While it’s recommended to carry some local currency, avoid carrying large sums for safety reasons. Use ATMs or mobile money services to withdraw as needed.
Use Trusted Currency Exchange Services: Be cautious when exchanging currency with informal vendors on the street. Always opt for reputable banks or exchange offices for better rates and security.
Keep Some USD or Euros: Many international services, especially those related to tourism and car rentals in Rwanda, may accept US Dollars (USD) or Euros. Check out our Affordable Car Rentals for more details on payment flexibility.
Currency Conversion Apps: If you’re traveling from overseas, use currency conversion apps like XE Currency to stay up-to-date with exchange rates.rent-car-rwanda
Using Cash for Car Rentals in Rwanda
When you rent a car in Rwanda, especially through Rent Car Rwanda, you'll often need to pay a deposit in local currency or through other methods like mobile payment or credit card. Car rental services are widely available across Rwanda, and you can choose from a variety of vehicles for self-drive tours or chauffeur-driven rentals.
For an easy and affordable experience, you can visit Rent a Car in Kigali for detailed information on how to rent a car with flexible payment methods.
Tipping in Rwanda
Tipping is not mandatory in Rwanda, but it’s appreciated, especially in restaurants, hotels, and for services like car rentals. For instance:
Hotel Staff: Around 1,000 to 2,000 RWF for luggage assistance.
Restaurants: A tip of about 10% is considered polite if the service was good.
Chauffeurs and Guides: If you hire a chauffeur through Rent Car Rwanda, you may consider tipping them around 10% of the rental cost.
Once you have your RWF, it’s time to explore the country! Rwanda offers diverse opportunities for spending your local currency. Some popular places to visit include:
Kigali City Tours: Explore the Kigali Genocide Memorial, local markets, and museums. Rent a car for a more convenient way to explore the city with our Kigali City Tour Packages.
National Parks: Visit Nyungwe National Park or the Volcanoes National Park for unforgettable wildlife experiences. Check out our Safari Packages for more details.
Luxury Hotels and Restaurants: Kigali has numerous international and local dining options, where you can use your RWF for a delightful meal.
Traveling to Rwanda can be a fantastic experience, and understanding the currency situation will help you make the most of your trip. Be sure to carry some Rwandan Francs for day-to-day expenses and use mobile money services or cards for larger transactions. And if you're planning on renting a car, whether for a self-drive adventure or a chauffeur-driven experience, Rent Car Rwanda provides affordable and convenient rental options with easy payment solutions.
Check out our wide range of services at Rent Car Rwanda, from luxury car rentals to long-term rentals, to make your visit to Rwanda more enjoyable.
