Kenya is a popular travel destination known for its diverse landscapes, wildlife, and vibrant culture. For travelers planning a visit, having a comprehensive Kenya Currency Guide is essential to navigating financial transactions efficiently. Whether visiting for business, tourism, or adventure, understanding the local currency ensures a seamless experience when making purchases, paying for services, or managing daily expenses.
Kenyan Currency
The official currency of Kenya is the Kenyan Shilling (KES), abbreviated as KSh. It is available in both coins and banknotes, each with unique designs and security features.
Banknotes and Coins
Kenyan banknotes come in denominations of 50, 100, 200, 500, and 1,000 shillings. Each note features an image of a national landmark and includes security features like watermarks and color-changing ink to prevent counterfeiting.
Coins, known locally as “bob,” are available in 1, 5, 10, 20, and 40 shillings. These are commonly used for small transactions such as bus fare and market purchases. While cash remains widely accepted, larger denominations are preferable for major transactions.
Exchange Rate of the Kenyan Shilling Against Major Global Currencies
The Kenya Currency Guide helps travelers stay updated on exchange rates, which fluctuate daily based on global financial markets, economic conditions, and foreign trade trends. Here’s an overview of its typical value against major global currencies:
- US Dollar (USD) – The exchange rate typically ranges between KES 140–160 per USD. The US dollar is widely used for international trade and is accepted in some high-end hotels and tourist businesses.
- Euro (EUR) – The KSh/EUR rate fluctuates around KES 150–170 per EUR, depending on European economic trends.
- British Pound (GBP) – Typically exchanged at KES 170–190 per GBP, as the UK is a key trade partner with Kenya.
- Indian Rupee (INR) – The KSh/INR exchange rate is around KES 1.5–2 per INR, popular among Indian expatriates and businesses in Kenya.
- Chinese Yuan (CNY) – The KSh/CNY rate generally hovers around KES 20–25 per CNY, reflecting increasing trade between Kenya and China.
- Tanzanian Shilling (TZS) & Ugandan Shilling (UGX) – KES exchanges at approximately TZS 17–20 per KES and UGX 27–30 per KES due to Kenya’s strong regional trade ties.
Where to Exchange Money
Travelers looking for the best exchange rates should refer to this Kenya Currency Guide for reliable options:
1. Banks
Major banks like Equity Bank, KCB, Co-operative Bank, and Standard Chartered offer currency exchange services. Bank rates are competitive, but service charges may apply. Operating hours are typically Monday to Friday, 8:30 AM to 4:00 PM, with some branches open on Saturdays.
2. Forex Bureaus
These specialized money exchange centers, found in major cities and tourist areas, offer better rates than banks and hotels. Some reliable Forex bureaus include ABC Forex Bureau, Westlands Forex Bureau, and Nairobi Bureau de Change.
3. Airport Exchange Counters
Exchange counters at Jomo Kenyatta International Airport (Nairobi) and Moi International Airport (Mombasa) offer convenience but often have less favorable rates compared to city Forex bureaus. It is advisable to exchange only a small amount at the airport for immediate expenses.
4. ATMs
ATMs are widely available and accept major international cards such as Visa, Mastercard, and American Express. However, withdrawal fees vary depending on your bank, so check with your provider before traveling. Most ATMs dispense Kenyan shillings only.
Digital Payments & Mobile Money
Kenya is a global leader in mobile money services, making digital transactions incredibly convenient. The Kenya Currency Guide emphasizes the importance of mobile payments for seamless transactions.
M-Pesa
M-Pesa, operated by Safaricom, is the most popular mobile money service in Kenya. Travelers can register for an M-Pesa account using a local SIM card, which allows them to send and receive money, pay for goods and services, and withdraw cash from M-Pesa agents.
Credit & Debit Cards
Most hotels, restaurants, and supermarkets accept Visa and Mastercard. However, smaller businesses and rural areas may only accept cash or M-Pesa payments. It is always best to confirm before making a purchase.
Other Digital Payment Options
Other mobile money services like Airtel Money and T-Kash are available, but M-Pesa remains the most widely used. International payment apps such as PayPal, Wise, and Revolut can be used for money transfers but may have higher transaction fees.
Cost of Living & Daily Expenses
Understanding everyday expenses helps travelers budget efficiently. Below are estimated costs for common items:
- Public Transport: Matatu (minibus) ride – KES 50–150; Taxi (Uber, Bolt) – KES 300–1,000.
- Accommodation: Budget hotels – KES 2,000–4,000 per night; Mid-range – KES 5,000–10,000; Luxury – KES 15,000+.
- Food: Local meal – KES 200–500; Fast food – KES 500–1,000; Fine dining – KES 2,000+ per person.
- Tourist Attractions: National park entrance fees – KES 800–6,000 (varies by nationality and park).
Tipping Culture
Tipping is appreciated but not mandatory. Here are common guidelines:
- Restaurants: 5–10% of the bill.
- Taxi drivers: Rounding up the fare is common.
- Tour guides: KES 500–1,000 per day.
Safety Tips for Handling Money in Kenya
To avoid fraud and theft, this Kenya Currency Guide provides key safety tips:
- Beware of Counterfeit Money – Check security features on banknotes.
- Avoid Exchanging Money on the Streets – Unofficial exchanges may involve scams.
- Use Secure ATMs – Withdraw from ATMs inside banks or malls.
- Carry Small Denominations – Avoid flashing large sums of cash in public.
- Store Emergency Money Separately – Keep cash in different locations.
- Use Mobile Money for Transactions – M-Pesa is safer than carrying cash.
Money-Saving Tips for Travelers
Budget-conscious travelers can maximize savings by following these Kenya Currency Guide recommendations:
- Exchange Money in Town – Forex bureaus in city centers offer better rates than airport exchanges.
- Use Public Transport – Matatus and boda bodas (motorbike taxis) are cheaper than taxis.
- Buy Local SIM Cards – A local SIM allows access to M-Pesa and cheaper mobile data.
- Avoid International Transaction Fees – Use a multi-currency travel card to minimize bank charges.
By using this Kenya Currency Guide, travelers can efficiently manage their finances, enjoy smooth transactions, and experience Kenya without financial worries.
