Convert United States Dollar to Rwandan Franc
Please provide values below to convert United States Dollar [USD] to Rwandan Franc [RWF], or Convert Rwandan Franc to United States Dollar.
How to Convert United States Dollar to Rwandan Franc
1 USD = 0.000690907477954179 RWF
Example: convert 15 USD to RWF:
15 USD = 15 × 0.000690907477954179 RWF = 0.0103636121693127 RWF
United States Dollar to Rwandan Franc Conversion Table
| United States Dollar | Rwandan Franc |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.