Best places to exchange money in Nairobi - Wise (2024)

Currency exchanges in Nairobi

We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Nairobi below.

Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.

Kenyan shilling rate today

The accepted currency in Nairobi and across Kenya is the Kenyan shilling.

However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Kenyan shilling is KES. Keep an eye out for this code if you're comparing exchange rates.

What you should know about exchanging money in Nairobi

When exchanging money in Nairobi or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Kenya long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.

1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Kenyan shilling for a fairer rate and fees. The same applies if you get the option on card machines.

2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.

3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.

4. Use ATMs strategically
Check if your local bank has partnerships in Kenya banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.

5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.

Say goodbye to overcomplicated currency exchange

Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.

Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.

There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.

Get a Wise Account in minutes!

Please see the Terms of Use for your region or visit for the most up-to-date information on pricing and fees.

Bottom line

As you can see, there are plenty of options for exchanging money in Nairobi. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.