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Tanzania - Tanzanian Shilling - Currency Guide

 

Foreign exchange guide to Tanzania and the Tanzanian Shilling (TZS)

   

USD/TZS 90-day view

USDTZS at 2319.07 is near its 90-DAY average, range 2316.17-2323.17.
🔔 USDTZS is at 30-DAY HIGHS.
|
Alert:30-DAY HIGHS |
 
Recent USD to TZS 90-day trend
   

TZS News, Forecasts and Trends

The above interactive chart shows the USD to TZS exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Tanzanian Shilling - Historical Rates

USD/TZSChangePeriod
2318.96
24 Nov 2020
0% ▲1 Week
2318.61
01 Nov 2020
0% ▲30 Days
2319.69
02 Sep 2020
0% ▼90 Days
2298.57
02 Dec 2019
0.9% ▲1 Year
2136.44
03 Dec 2015
8.6% ▲5 Years
1480.00
04 Dec 2010
56.7% ▲10 Years

USD/TZS 10 year historic rates & change to 01-Dec-2020 : 2319.57

 

U$10,000 USD
=
23,190,000 TZS

Converted at USD/TZS interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Tanzanian Shilling - Quick Conversions

USD TZS
U$ 1 2,319
U$ 5 11,595
U$ 10 23,190
U$ 20 46,380
U$ 50 115,950
U$ 100 231,900
U$ 250 579,750
U$ 500 1,159,500
U$ 1,000 2,319,000
U$ 2,000 4,638,000
U$ 5,000 11,595,000
U$ 10,000 23,190,000
U$ 50,000 115,950,000
U$ 100,000 231,900,000
More amounts
USD TZS
U$ 0.0004 1
U$ 0.0022 5
U$ 0.0043 10
U$ 0.0086 20
U$ 0.0216 50
U$ 0.0431 100
U$ 0.1078 250
U$ 0.2155 500
U$ 0.4310 1,000
U$ 0.8620 2,000
U$ 2.1550 5,000
U$ 4.3100 10,000
U$ 21.55 50,000
U$ 43.10 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Tanzania?

The domestic currency in Tanzania is the Tanzanian Shilling.

What is the Tanzanian Shilling currency code and symbol?

The three letter currency code for the Tanzanian Shilling is TZS.

Which countries use the Tanzanian Shilling?

It is the domestic currency in    Tanzania.

Is the Tanzanian Shilling a closed currency?

No, the Tanzanian Shilling is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Tanzania

Tanzania is the country that has become synonymous with the Serengeti, Mount Kilimanjaro, and Zanzibar. People from all over the world flock to Tanzania to have a safari in some of the best national parks in the world. The country is staggeringly beautiful, populated by a warm Swahili culture, and home to some of the best wildlife on this planet.

What currency should I use in Tanzania?

The local currency is Tanzanian Shilling (Tzs). Many hotels require payment in US$, in particular for accommodation, but also for food and drink and for tours. You will also notice when booking and planning your trip that most of businesses quote prices in US Dollars.

For local shopping and smaller expenses, like shopping on markets and local restaurants, bus tickets Tanzanian shillings are must to have in your wallet. Changing money in Tanzania is not a problem in most populated areas. Hotels usually have a worse rate than banks, so you should go to a Forex office (aka Bureau de Change) or bank if possible. Banking hours are 08.30-12.30 on weekdays, staying open until 15.00 in larger towns, and 08.30 to 11.30 on Saturdays.

The legalisation of private forex bureaux has killed off the black market that previously thrived in Tanzania, and you can assume anybody offering to change money on the street is a con artist.

Can I use Credit Cards in Tanzania?

Credit cards are widely accepted in at tourist-oriented shops and similar facilities in Arusha, Dar es Salaam and Zanzibar, as well as most upper range hotels. They can also be used to draw cash directly from an ATM in Dar es Salaam, Arusha and Mwanza. Away from these few major centres and upmarket tourist locations, cards are of limited use, and are best carried as a secondary means rather than as a primary source of payment or cash. Visa is the most widely accepted card by a long shot, but MasterCard and American Express are also accepted at a limited number of outlets.

How do I travel around in Tanzania?

If you are arriving by air, you will likely land in Dar es Salaam. Be mindful that local airlines offering connections to other domestic destinations, such as Arusha or Kilimanjaro are notorious for their delays and cancellations, while flights to smaller towns such as Kigoma may be advertised but actually unavailable.

Tanzania's largest city is Dar es Salaam, an urban centre spread out along the Eastern coastline. Registered taxis are generally safe and easily accessible from the Dar airport for 50,000 Tsh (or 20,000 Tsh in smaller towns). In Dar Es Salaam, the white cars will be identifiable with a yellow stripe and a three-digit number along the side. its always best to determine the cost of your fare with the driver based on a flat-rate before departing.

Overland buses are an economical option to travel from city to city across Tanzania, but they can be extremely long and uncomfortable journeys due to the poorly maintained roads. Local buses (dala dalas) are a cheap way to get around Tanzania’s cities, at only 500 Tsh per ride, but will require some Swahili language skills.

Trains are a safe transit option to connect from Dar es Salaam to both Mwanza and Kigoma via Tabora. There is also a second railway service which runs all the way Southwest to Zambia.

Though the railway system is a more comfortable transit option than buses, they do require the luxury of time and have been known for their significant delays, which could leave you stranded at the connecting train station at night.

 

Travel money for Tanzania

Save money and time by Ordering your Tanzanian Shilling online from Travelex, you get better rates and can pick up the TZS cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Tanzanian Shilling otherwise you may get much worst exchange rates.

 

Send Money to Tanzania - Best Rates

When searching around for information on how to get a good exchange rate when sending money to Tanzania you need to start with finding out the latest Tanzanian Shilling exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Tanzania

When sending money to Tanzania it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Tanzanian Shilling amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted TZS amount will be transfered to the recipient account you specify in Tanzania.

Use the above Send to Tanzanian Shilling calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Tanzanian Shilling deposited into the recipient bank account and less margins and fees kept by the banks!


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