Rwandese Franc

The Rwandese Franc decreased to 678 in April from 679 in March of 2014. Rwandese Franc averaged 568.91 from 2003 until 2014, reaching an all time high of 682.50 in March of 2014 and a record low of 5.78 in October of 2010. The USDRWF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the RWF. While the USDRWF spot exchange rate is quoted and exchanged in the same day, the USDRWF forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Rwandese Franc - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
678.00 679.00 682.50 5.78 683.08 | 2014/05 2003 - 2014 Daily

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Rwandese Franc
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Markets Last Previous Highest Lowest Forecast Unit
Currency 678.00 2014-04-24 679.00 682.50 5.78 683.08 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Rwanda Inflation Rate at 3.43 Percent  
The inflation rate in Rwanda was recorded at 3.43 percent in March of 2014. Inflation Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Current Account to GDP at -10.50 Percent  
Rwanda recorded a Current Account deficit of 10.50 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda GDP Annual Growth Rate at 3.90 Percent  
The Gross Domestic Product (GDP) in Rwanda expanded 3.90 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Rwanda stands at 30 percent. Personal Income Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Interest Rate at 7.00 Percent  
The benchmark interest rate in Rwanda was last recorded at 7 percent. Interest Rate in Rwanda is reported by the National Bank of Rwanda.
Rwanda Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Rwanda stands at 30 percent. Corporate Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Rwanda stands at 18 percent. Sales Tax Rate in Rwanda is reported by the Rwanda Revenue Authority.
Rwanda Balance of Trade at -72088.00 Million RWF  
Rwanda recorded a trade deficit of 72088 Million RWF in September of 2013. Balance of Trade in Rwanda is reported by the National Bank of Rwanda.
Rwanda Current Account at -812.76 USD Million  
Rwanda recorded a Current Account deficit of 812.76 USD Million in 2012. Current Account in Rwanda is reported by the National Institute of Statistics Rwanda.
Rwanda Government Budget at -1.90 Percent of GDP  
Rwanda recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2011/2012 fiscal year. Government Budget in Rwanda is reported by the National Bank of Rwanda.
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South Korean Economy Expands at a Fastest Pace  
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South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
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