Some Forex Bureaux operate 24 hours. The list provided below is for the prominent forex bureaux in Uganda. Currency converters, money , foreign currency, forex rates, bureaux. We have probably all dealt with currency exchange when we travel from one country to another. The rule is…before you enter a certain country you have to visit a bank or foreign exchange bureau to buy currency for that particular county you are visiting.
Uganda Forex Rates Often, the rate at which certain currencies trade against others is determined by issues like political stability, level of employment, interest rates, inflation and the level of economic activities in a country. International currency such as the US Dollar, British Pound and the Euro are the base for foreign exchange in Uganda like for other countries in the world.
In Uganda the Uganda shilling is the National currency and all business will accept the shillings in both paper notes and coins. You therefore do not need to worry about foreign exchange. Some businesses such as shopping malls, supermarkets, travel agencies and hotels accept the use of credit cards and dollars in paying for services and supplies.
In Uganda, the government plays a big role in influencing the inflow of foreign currency and the rates at which they trade in the market. There are many foreign change bureaus in Uganda, almost on every street in Kampala, Entebbe and in major towns around Uganda. If you do not take your foreign exchange at a bank, you have to walk into one of these small forex bureaus at all costs. Here are tips to consider before making the exchange Check if the foreign exchange bureau has an authentic certificate that allows it to trade in foreign currency.
If this certificate is not displayed in their offices, then you are at a wrong address. Many forex bureaus will have a display of the exchange rates for the US Dollar, British Pound, Yen, Euro, Kenya Shilling, Rwandese Franc and other currencies on a white board at the entrance or have a screen where any changes in the rates will be reflected.
Look out for this display board to compare the rates for different centers before you make the final decision. Look out for fraudster when making the exchange. Many bureaus could be trading in fake US Dollars or shillings. Count your money over the counter to avoid shortages and check for the validity or paper notes and coins or special features that show it is not fake money!
Finally, you can also check online for some foreign exchange bureaus and banks in Uganda that have forex rates on their websites.
Prior checks and information gives you an idea on what to expect on ground. Money point Forex bureau, kampala Plot 35 Kampala Road. Hotel Africana Forex Bureau Ltd. We have noticed are displaying forex rates that have not been updated since December 12th, Check out our website for more information and feel free to contact us on the email address we have provided.
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