- No transfer fees
- Price match guarantee
- Dedicated account manager assigned to you
- Forex tools available
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Rwanda is a country that has suffered huge losses, especially during the political and economic turmoil of the 1990s. Since those turbulent years, Rwanda has won itself a position on the top 10 list of fastest growing economies in the world.
According to the Australian Department of Foreign Affairs and Trade (DFAT), Rwanda offers prudent fiscal and monetary policies and average annual economic growth in excess of 8% over the last decade.
Despite these growth spurts, poverty is still a huge problem in Rwanda, and economic aid from Australia can help turn this around.
Each year, Australia imports $1.2 million worth of coffee from Rwanda, and the two countries trade a total of about $5 million in services.
Celia and her family immigrated to Australia from Rwanda in the early 1990s. She was a young girl at the time and finished her education in Australia, but has now been working for a couple of years. After yearning to return to Rwanda for a couple of years now, Celia has gotten into touch with an uncle who will be able to help her with the transition back to Rwanda. She wants to set up basic cash flow for when she is there. She has drawn up the table below to compare her options.
|Money transfer company A||Money transfer company B|
|Exchange rate||AUD$1 = 549.672 RWF||AUD$1 = 520.324358 RWF|
|Transfer fee||AUD$10 if transfer is under AUD$10,000||AUD$25|
|Amount of RWF received in Rwanda for 1,000 AUD||549,671.54 RWF||520,324.36 RWF|
|Transfer time||2 to 4 days||10 minutes|
|Transfer options||Phone, online account, mobile app||Phone, online, agent location|
|Difference in RWF||+ 29,347.18 RWF||- 29,347.18 RWF|
In the case of an emergency, you can send money to Rwanda through companies like Moneygram, Western Union and Xpress Money. Some of the agent locations are listed below.
When picking up cash in a foreign country, always have government-issued photo ID. Have the tracking or reference number handy as well as the receipt for the original transaction.
Travel in groups and avoid travelling at night. Like its neighbouring country Burundi, Rwanda is prone to severe civil unrest. Crime and violence are currently at high rates, and public demonstrations should be avoided at all costs.
If you want to send money to Rwanda using Moneygram, Western Union or Xpress Money with one of their agent locations as a pickup option, make sure you have the following:
Make sure to send a tracking or reference number and a copy of the receipt to the recipient. This information, along with government-issued photo ID will be required to pick up the transferred funds.
Bitcoin ETFs are coming to market. Here's how you can invest in them.
With 30+ platforms available to buy Bitcoin from in Australia, it can be overwhelming to choose. Our experts have compared exchanges so you don’t have to.
SPONSORED: Save yourself the heartache of lost funds by learning how to safely send cryptocurrency from one wallet to another with this simple guide.
MasterRemit allows you to transfer your money quickly in a range of currencies.
Class actions are currently underway against CBA, Westpac, Allianz and MTA – here's how to find out if you're eligible to claim any money back.
And as Woolworths, Coles and ALDI fight for customers, how can you keep saving?
The new PayPal Rewards credit card offers no annual fee and points per $1 spent. So how much value can you get from it?
As a first home buyer, what grants, incentives and discounts are available to you? How much can you save – and how do you get your free money?
Learn how to stake Chainlink (LINK) tokens and earn rewards through exchanges, lending services and node operation on the Chainlink network.
Find out how you can stake DAI, the decentralised stablecoin from MakerDao, and what the risks and potential rewards are.
New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.