Forex bureau rates in kampala

Are there Forex Bureaus for the exchange of Money? The ones at the Grand Imperial Hotel gives you the best rates in town. Late at night, you can also go into Kampala Casino, and they will provide you with a reasonable price since they will think that you are gambling it away. Avoid the Forex Bureau in Kabalagala, they will consistently give you one of the lowest rates around personal experience , and they also give you the hardest time with the slightest imperfection on a bill.

In other words — check around for the best rates. You can also check for the latest rate — type into Google USD — UGX, and you will have the current exchange rate for the day, though you will receive less than the posted figures. Security — if you are on foot — do not use a Forex Bureau at night. If you are on Safari with us, your Driver-Guide will be with you as you exchange Money. How much money should I bring on my Safari?

We suggest that you carry a small amount of cash. You need enough to pay for your visa. You can always withdraw from your account in local currency using an ATM. Money draws unnecessary attention that you do not want.

Your driver will have mobile Money on his phone, and Money can be sent to that number from anywhere in the world. ATMs are located in cities and towns, and you can easily withdraw Ugandan Shillings at your convenience. All this avoids having a bunch of cash on you that you do not need.

Meals, Hotels, activities are all included in your Safari.

Exchange rates for Ugandan Shilling (UGX)

Can I use the Banks in Uganda? You can always exchange money at a bank, and it might take a bit longer, but in most cases, you get a reasonable rate. You can use your credit card to get cash at banks, it may take a bit of time, and there are fees. You can also change your traveler cheques there. However, contrary to suggestions from American Express Traveller Cheques, you will need proof of buy and passport to prove ownership of cheques you want to be cashed — you will also receive a lower rate.

Use an International Bank for the best service. The limit is what your home bank sets per day with the opportunity that you can put your card in again and take out more Money- generally up to the daily limit your bank allows at home, which you in many cases can also reset. Master Card is not the Debit or Credit Card that is preferred here for some reason. Notify your bank that you will be using your Card in Uganda, you will avoid your card being blocked.

Can I use my Credit Card in Uganda? Even the UK government suggests not using credit cards in Uganda due to the possibility of someone stealing your card information. Cases of such have happened even in high-end hotels, according to the UK government website. Cases of employees stealing your credit card information has happened here and other African Countries.

Companies such as Kabiza Wilderness Safaris that use PesaPal make it even easier to use credit cards, and the charge is less than using a Bank Merchant Services that is available in Uganda. Can I use Travellers Cheques in Uganda? Use American Express ones only. All the others, you will have a harder time getting money or no money at all.

You will pay a fee for exchanging them into cash. Plus, despite suggestions from American Express not to reveal such information, you will need proof of purchase and passport to prove ownership of the cheques you want to be cashed. You will also receive a lesser exchange rate than if you use Cash. Using Traveller Cheques in Uganda becomes a nuisance and investment of time, often with moments of frustration added.

forex bureaus in uganda and their rates

TravelerCheques — at least in Uganda, are not the best way to bring Money, it takes too much time and effort to cash them. How secure is my Money while visiting Uganda? Wear a money belt around your waist to hide cash. Use a safe in the Hotel to put your airline ticket and your passport. Make copies of passport, airline tickets, and anything else that is an important document.

Put all of those items in a Sealed Envelope. If you do not have a money belt, put the cash in your pocket, not a back pocket where you can put your hand over it as you walk in downtown Kampala. Never flash any money in public, such as in restaurants or public places, since it will attract unwanted attention, and it will be your loss. Never use large amounts of money in a restaurant, bar, market — it makes you a potential target that you certainly do not want to be. Do not use an ATM in a bar — where people are watching you, and you become a target after withdrawing Money.

Is it safe to use Money Changers? Avoid them. At border crossings, you will be haunted by them, and many are con-artists who can make you think you are getting one amount, while in reality, you will get a lot less. Even if you are counting along, their hands are quicker than your eyes. One can almost guarantee you that you will be cheated.

Fake Ugandan currency is also used at times. Money Changers are primarily found at the point of entry into Uganda and rarely in larger towns such as Entebbe or Kampala. How do I buy local items in Uganda? Avoid using dollars when buying things such as crafts and souvenirs. You will lose money in the process. Try to use Uganda Shillings in most cases — anytime you use US Dollars to buy things, you will lose money at the exchange rate that you will receive.

That includes paying for hotels that are priced in shillings with US Dollars. When it comes to Taxis — Uber Taxis are now available in Kampala. When it comes to the few metered Taxis — called for Hire here, negotiate a rate; otherwise, you will pay extra as your meter runs in Traffic Jams in Kampala. Expert Loan Tips. Before you apply for a personal loan, consider other forms of credit. Compare international payments, cash buys, travel money. Get Historical Rates; Report Description: This report provides exchange rate information under Section of Public Law dated September 4, 22 USC b which gives the Secretary of the Treasury sole authority to establish the exchange rates for all foreign currencies or credits reported by all agencies of the government.

Money in Kampala —. The US dollar and the pound sterling are the strongest currencies used in Uganda and are the easiest to exchange.