Local Currency and Exchange Information

The local currency in Nairobi, Kenya, is the Kenyan Shilling (KES). As of October 2023, the exchange rate is approximately 1 USD to 145 KES, though this can fluctuate. It’s advisable to check the latest rates before your trip.

Currency can be exchanged at various locations, including:

• Banks - Most banks offer currency exchange services at competitive rates.
• Airports - Currency exchange kiosks are available, but rates may not be as favorable.
• Exchange bureaus - These often provide better rates than banks and can be found throughout the city.

Payment Methods and Banking Options

Nairobi has a mix of payment methods available for travelers:

• Credit and Debit Cards - Visa and Mastercard are widely accepted in hotels, restaurants, and shops. However, some smaller establishments may only accept cash.
• Mobile Payments - Services like M-Pesa are popular in Kenya, allowing for cashless transactions through mobile phones. It’s worth considering setting up an M-Pesa account if you plan to stay long-term.
• ATMs - There are numerous ATMs throughout Nairobi, especially in city centers and shopping malls. Look for ATMs affiliated with major banks for better security.

Tipping Customs and Payment Etiquette

Tipping in Nairobi is customary but not mandatory. Here are some guidelines:

• Restaurants - A tip of 10-15% is appreciated if service is not included in the bill.
• Taxi Drivers - Rounding up the fare is common practice.
• Hotel Staff - It’s courteous to tip porters and housekeeping staff a small amount (100-200 KES).

Always check your bill for a service charge before tipping, as it may already be included.

Cost Considerations and Budgeting Tips

Nairobi offers a range of costs depending on your lifestyle and preferences:

• Accommodation - Budget hotels start around 2,500 KES per night, while luxury hotels can exceed 15,000 KES.
• Food - Street food can be as low as 200 KES, while dining in restaurants may range from 1,000 to 5,000 KES per meal.
• Transport - Public transport is affordable, with matatus (shared minivans) costing between 50-200 KES for local trips.

To budget effectively, consider keeping a daily spending limit and using cash for small purchases to avoid transaction fees.

Practical Financial Advice for Travelers

Here are some practical tips to manage your finances while in Nairobi:

• Carry Cash - While cards are accepted in many places, having cash on hand is essential for small vendors and rural areas.
• Notify Your Bank - Inform your bank of your travel plans to avoid any issues with card transactions.
• Use ATMs Wisely - Withdraw larger amounts to minimize transaction fees, and always choose to be charged in the local currency to avoid unfavorable exchange rates.

Staying informed and prepared can help you navigate financial matters smoothly during your visit to Nairobi.