while on your visit or travel to Uganda, it is necessary to have your money changed to the local currency to ease money transactions. Some Forex Bureaux operate 24 hours. The list provided below is for the prominent forex bureaux in Uganda. Currency converters, money , foreign currency, forex rates, bureaux. ‘Forex’ as it is normally called in Uganda refers to the exchange or foreign currency for another! We have probably all dealt with currency exchange when we travel from one country to another. 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. Uganda Forex Rates Often, the rate at which certain currencies trade against others is determined by issues like political stability, level of employment, interest rates, inflation and the level of economic activities in a country. 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. In Uganda the Uganda shilling is the National currency and all business will accept the shillings in both paper notes and coins. 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. You therefore do not need to worry about foreign exchange. Some businesses such as shopping malls, supermarkets, travel agencies and hotels accept the use of credit cards and dollars in paying for services and supplies. In Uganda, the government plays a big role in influencing the inflow of foreign currency and the rates at which they trade in the market. 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.
There are many foreign change bureaus in Uganda, almost on every street in Kampala, Entebbe and in major towns around Uganda. 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. Here are tips to consider before making the exchange
Check if the foreign exchange bureau has an authentic certificate that allows it to trade in foreign currency. If this certificate is not displayed in their offices, then you are at a wrong address.
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. Look out for this display board to compare the rates for different centers before you make the final decision.
Look out for fraudster when making the exchange. Many bureaus could be trading in fake US Dollars or shillings. Count your money over the counter to avoid shortages and check for the validity or paper notes and coins or special features that show it is not fake money!
Finally, you can also check online for some foreign exchange bureaus and banks in Uganda that have forex rates on their websites. Prior checks and information gives you an idea on what to expect on ground. You can actually call the bureau’s offices for any news, updates and changes about the foreign exchange trade.
Jaffery Forex Bureau, Kampala
Plot 68, Ben Kiwanuka street.
K.B.C Forex Bureau, Kabale
Plot 142 /144 Kabale road.
Lloyds Forex Bureau, Kampala
Plot 1 Entebbe Road.
Money point Forex bureau,
Plot 35 Kampala Road.
Daker Forex Bureau Ltd.
16/18 Duster Street 3577,Kampala Kampala
Shumuk Forex Bureau Ltd.(Imperial Royale Hotel)
7 Kintu Road Imperial Royal Hotel 6552,Kampala Kampala
Lloyds Forex Bureau Ltd.
43/44 Nabugabo Road 6587,Kampala Kampala
Mercury Forex Bureau Ltd.
1 Pilkington Road Workers House 3195,Kampala Kampala
Lloyds Forex Bureau Ltd.
15 Luwum Street 6587,Kampala Kampala
Dahabshiil Forex Bureau Ltd.
52 Kampala Road King Fahd Plaza 34403,Kampala Kampala
Jasco Forex Bureau Ltd.
43/47 Nakivubo Road Nana Centre Building 3236,Kampala Kampala
Supreme Forex Bureau Ltd.
4 Pilkington Road Colline House Shopping Mall Kampala Kampala
Ssemanda Forex Bureau Ltd.
7 Nakivubo Lane 1152,Kampala Kampala041-4236508
Trend Forex Bureau Ltd.
32/33 Main Street 1545,Kampala Kampala
Kristal Forex Bureau Ltd.
2/2B Kampala Road 3877,Kampala Kampala
Jet Set Forex Bureau Ltd.
Entebbe International Airport 8841,Kampala Kampala
Crane Forex Bureau Ltd.
20 Kampala Road 3673,Kampala Kampala
Best Forex Rates in Kampala, Foreign Exchange in UgandaForex Rates: Last updated on September 19th 2015