Where to exchange currency in East Africa, you can exchange foreign currency for local shillings at various locations. These include licensed banks, authorized bureaus de change, and ATMs. ATMs typically offer better rates than airport exchanges. Before your trip, get some foreign currency from your bank. Also, carry some local currency for immediate expenses like small purchases and tips. Keep your exchange receipts for potential re-conversion when leaving the country.
Where to Exchange
ATMs:
They are widely available in towns and cities. They generally provide a good rate because they use the bank’s rate with minimal markup. Note that they dispense local currency only.
Licensed Banks:
You can exchange foreign currency at banks, which often offer the best rates.
Bureaus de Change (Forex):
These are authorized institutions found in airports and cities that offer currency exchange. Be aware that some may only accept cash for these transactions.
Airport Exchanges:
While these are convenient, they often have poor exchange rates, higher fees, and commissions due to a lack of competition.
Tips for Getting the Best Rates
Use ATMs for Local Cash:
ATMs at your destination are a good choice for getting local currency.
Avoid Unfavorable Exchanges:
Steer clear of airport currency exchange services if possible.
Check Exchange Rates:
Before you arrive, check currency conversion rates on sites like All season Bureau to see where you get the best deal.
Bring Crisp Bills:
Banks and some establishments may not accept US dollar bills printed before a certain year. Ensure your bills are new and crisp.
What to do with Leftover Currency
Keep Your Receipts:
Hold onto your exchange receipts to convert any leftover local shillings back to hard currency before leaving the country.
Use for Tipping or Souvenirs:
You can use local currency for tips or to purchase local crafts
