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Kenya Exchange Rate - You Get a Better Kenya Shilling Rate at Forex BureausWhy is the issue of the Kenya exchange rate important?
Foreign exchange rates in Kenya are market driven and are determined purely by the forces of demand and supply. This is because the foreign exchange market is fully liberalized. Foreign currency can therefore be traded freely at the licensed premises namely; banks and foreign exchange bureaus. Exchange RatesThese are the indicative Kenya exchange rate against the major currencies:
Foreign Exchange BureausNairobiHere is a selection of my favorite foreign exchange bureaus in Nairobi. Essentially, these are the ones I use from time to time principally because they offer good rates. Bay Forex Bureau Ltd Blue Nile Forex Bureau Ltd Blue Seas Forex Bureau Ltd Give and Take Forex Bureau Ltd Link Forex Bureau (K) Ltd Maxfair Forex Bureau Ltd Pearl Forex Bureau Ltd MombasaWhile in Mombasa, be sure to check out the following forex bureaus as their rates will likely be higher than those offered by commercial banks in the city. Bamburi Forex Bureau Ltd Diani Forex Bureau Ltd Fort Jesus Forex Bureau Ltd Some Useful Kenya Exchange Rate Tips...It is best to carry out all your foreign exchange transactions in a licensed outlet namely; a forex bureau or bank.
Forex bureaus offer far better rates than hotels and banks as the latter always charge FAT commissions on all transactions. It is also much easier, in a forex bureau than a bank, to negotiate for better rates than those displayed on the board, particularly if you are trading over US$ 1,000 or its equivalent so don't be embarrassed to use your haggling skills. If US$ is your primary currency, it is better to come with US$ 100 or 50 bills as smaller notes fetch a much lower rate, sometimes as much as 10 percent lower. Interestingly, this rule does not apply to Euros or British Pounds. Travelers' checks also fetch an appreciably lower rate than currency bills. And, if you plan to cash travelers' checks, remember to carry your receipt and passport with you as nearly all cashiers will demand to see them as proof of ownership.
Return from Kenya Exchange Rate to the Facts About Kenya Return from Kenya Exchange Rate to the Kenya Travel Packages Homepage
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Credit card and travelers' check usage is not as widespread in Kenya as it is in the developed world. So you will need to get hold of some local currency if (as you must), you plan to explore the world outside your hotel.
Don't be baited by the higher rates street vendors will offer you as the risks both to your personal safety and of ending up with less or counterfeit money are very real.
