Where to Change Currency in Kenya: A Comprehensive Guide
Planning a trip to Kenya and wondering where to change currency in Kenya? You’re not alone. With over 1.5 million tourists visiting the country every year, exchanging currency is a crucial part of the travel process. Whether you’re looking to explore the stunning landscapes, experience the vibrant culture, or go on a thrilling safari adventure, having local currency is essential. In this guide, we’ll take you through the best places to exchange your money, tips for getting the best rates, and essential information to keep in mind when dealing with currency in Kenya.
Understanding Kenyan Currency
Before we dive into where to change currency in Kenya, it’s essential to understand the local currency. The Kenyan shilling (KES) is the official currency of Kenya, and it’s divided into 100 cents. You can find coins in denominations of 50 cents, 1 shilling, 5 shillings, 10 shillings, 20 shillings, and 40 shillings, as well as banknotes in denominations of 50 shillings, 100 shillings, 200 shillings, 500 shillings, and 1000 shillings.
Banks: A Reliable Option for Currency Exchange
One of the most reliable places to change currency in Kenya is at a bank. Most major banks in Kenya, such as Barclays, Standard Chartered, and Kenya Commercial Bank, offer currency exchange services. You can find bank branches at major airports, cities, and towns across the country. Banks typically offer competitive exchange rates, and you can be sure that your transaction is secure and legitimate.
However, be prepared for longer queues and more stringent identification requirements compared to other exchange options. Additionally, banks may charge a commission fee for their services, which can range from 1% to 2% of the transaction amount.
Forex Bureaus: Convenient and Competitive
Forex bureaus are another popular option for changing currency in Kenya. These specialized exchange offices can be found in major cities, towns, and tourist areas. They often offer more competitive exchange rates than banks and may have more flexible operating hours. Some popular forex bureaus in Kenya include Travelex, UAE Exchange, and Dahabshiil.
Forex bureaus usually have multiple locations, making it easy to find one near you. They may also offer additional services, such as money transfer and payment solutions. However, be cautious of some forex bureaus that may have hidden fees or poor exchange rates, so it’s essential to compare rates and fees before making a transaction.
Hotels and Tour Operators: Convenient but Costly
Many hotels and tour operators in Kenya offer currency exchange services as a convenience to their guests. While this can be a convenient option, especially if you’re short on time, be prepared for less competitive exchange rates and potential fees.
Some hotels may also have limited exchange capabilities, so it’s essential to check with them beforehand to ensure they can accommodate your needs. Additionally, tour operators may offer currency exchange services as part of their packages, but be sure to factor in any additional fees or commissions.
Airport Currency Exchange: A Last-Minute Option
If you’re arriving in Kenya and need to change currency quickly, airport currency exchange offices are a convenient option. You can find these offices at major airports, such as Jomo Kenyatta International Airport (NBO) in Nairobi and Moi International Airport (MBA) in Mombasa.
While airport currency exchange offices may be convenient, they often have less competitive exchange rates compared to banks and forex bureaus. Additionally, be prepared for potential queues and limited operating hours.
Tips for Getting the Best Exchange Rate
Regardless of where you choose to change currency in Kenya, here are some tips to help you get the best exchange rate:
– Compare rates: Research and compare exchange rates among different providers to find the best deal.
– Avoid airports and hotels: These locations often have less competitive exchange rates and may charge additional fees.
– Use ATMs: Withdrawing local currency from an ATM using your debit or credit card can often provide a better exchange rate than exchanging cash.
– Avoid exchanging money at night: Exchange rates may be less competitive at night, and you may be more vulnerable to scams or poor exchange rates.
– Keep your receipts: Make sure to keep your exchange receipts, as you may need them for tax purposes or to prove the exchange rate.
By understanding the best places to change currency in Kenya and following these tips, you can ensure a smooth and hassle-free trip to this beautiful country. Remember to stay vigilant, plan ahead, and enjoy your Kenyan adventure!
Where to Change Currency in Kenya: A Comprehensive Guide
If you’re planning a trip to Kenya, one of the essential tasks to tick off your checklist is exchanging your currency for the local Kenyan shilling. But where can you do it? In this section, we’ll outline the best places to change your currency in Kenya.
| Location | Currency Exchange Options | Operating Hours | Commission Fee |
|---|---|---|---|
| Nairobi Jomo Kenyatta International Airport (JKIA) | Multiple currency exchange bureaus and banks | 24/7 | Varies by provider (1-3%) |
| City Centre, Nairobi | Forex bureaus, banks, and hotels | 9:00 am – 5:00 pm (Mon-Fri), 9:00 am – 1:00 pm (Sat) | Varies by provider (1-3%) |
| Mombasa | Forex bureaus and banks | 9:00 am – 5:00 pm (Mon-Fri), 9:00 am – 1:00 pm (Sat) | Varies by provider (1-3%) |
| Kisumu | Forex bureaus and banks | 9:00 am – 5:00 pm (Mon-Fri), 9:00 am – 1:00 pm (Sat) | Varies by provider (1-3%) |
| Online Currency Exchange Services | Services like Kopacash, PayPal, and TransferWise | 24/7 | Varies by provider (0.5-2%) |
Conclusion
As you can see from the table above, there are various options to change your currency in Kenya, each with its own advantages and disadvantages. Whether you prefer the convenience of exchanging currency at the airport, the competitive rates of online services, or the ease of using a local bank or forex bureau, it’s essential to do your research and compare rates to get the best deal.
Remember, it’s always a good idea to have some local currency with you when arriving in Kenya, especially if you plan to take a taxi or use public transportation from the airport. Additionally, consider using online currency exchange services like Kopacash, which often offer more competitive rates and lower fees than traditional banks and bureaus.
Ready to start your Kenyan adventure? Visit kopacash.com to learn more about their online currency exchange services and get a quote today!
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