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.
Finally, you can also check online for some foreign exchange bureaus and banks in Uganda that have forex rates on their websites. We have probably all dealt with currency exchange when we travel from one country to another.
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. Fortunately, there are banks and a number of foreign exchange bureau or forex trader companies licensed by Bank of Uganda to handle foreign currency and exchange. According to statistic, Uganda’s tourism sector is the biggest earner of foreign currency since many tourist bring in many dollars on their safari holidays. 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.
Look out for this display board to compare the rates for different centers before you make the final decision. We have noticed are displaying forex rates that have not been updated since December 12th, 2012. 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. You can actually call the bureau’s offices for any news, updates and changes about the foreign exchange trade.
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