Connect with us

Taarifa Rwanda

Rwanda Currency Bounces Against €uro, Pound


Rwanda Currency Bounces Against €uro, Pound

The Rwandan franc has significantly weakened the €uro and UK’s pound sterling- the new exchange rates indicate as released by the Central Bank.

At the close of business last week, Rwanda currency had deeply crashed giving an upper-hand to the U$ Dollar and other foreign currencies.

Under the new exchange rates released by the central bank (BNR) Thursday, the U$ Dollar can be bought with Rwf 846.5 and sold at Rwf863.5.

To buy €uros, traders will have to pay Rwf1015/€ and sell at Rwf1035/€. Last week, the Euro was being sold at a value of 1€/Rwf1051- this indicates a further drop in value of the €uro.

For the British Pound Sterling, the new exchange rates indicate that traders can buy the pound at Rwf 1150/£ and sell at Rwf1173/£. Last week business closed when the £ was selling at Rwf 1203/£ and buying at Rwf1179/£.

However the central Bank did not attribute the fluctuations to any.

Follow the detailed latest exchange rates for dozens of currencies in relation to Rwandan currency.



Continue Reading
Click to comment


More in Business

To Top