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.