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USD to TZS - Compare Exchange Rates

United States Dollar to Tanzanian Shilling - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD to TZS interbank exchange rate = 2305.2

Right now the USD/TZS interbank exchange rate is 2305.2. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Tanzanian Shilling to United States Dollar.

This USD/TZS Converter calculates equivalent United States Dollar to Tanzanian Shilling amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / TZS converter & margin calculator


$USD
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Mid-rates:
 

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USD/TZS exchange rates for:

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United States Dollar

Tanzanian Shilling

1 USD 2,305.20 TZS
5 USD 11,526.00 TZS
10 USD 23,052.00 TZS
20 USD 46,104.00 TZS
50 USD 115,260.00 TZS
100 USD 230,520.00 TZS
250 USD 576,300.00 TZS
500 USD 1,152,600.00 TZS
1,000 USD 2,305,200.00 TZS
2,000 USD 4,610,400.00 TZS
5,000 USD 11,526,000.00 TZS
10,000 USD 23,052,000.00 TZS
50,000 USD 115,260,000.00 TZS
100,000 USD 230,520,000.00 TZS
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United States Dollar

Tanzanian Shilling

0.0004 USD 1 TZS
0.0022 USD 5 TZS
0.0043 USD 10 TZS
0.0087 USD 20 TZS
0.0217 USD 50 TZS
0.0434 USD 100 TZS
0.1085 USD 250 TZS
0.2170 USD 500 TZS
0.4340 USD 1,000 TZS
0.8680 USD 2,000 TZS
2.1700 USD 5,000 TZS
4.3400 USD 10,000 TZS
21.70 USD 50,000 TZS
43.40 USD 100,000 TZS
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United States Dollar to Tanzanian Shilling (USD-TZS) - 10 Year History

The below table shows the historic variation in the USD/TZS exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
20 Apr 20192305.2000Latest
13 Apr 20192315.40001 Week-0.44%
21 Mar 20192342.57001 Month-1.6%
22 Oct 20182291.89286 Months+0.58%
20 Apr 20182287.70001 Year+0.76%
20 Apr 20172237.00002 Years+3.05%
21 Apr 20141635.30005 Years+40.96%
22 Apr 20091345.005510 Years+71.39%

Why can't I just get the USD/TZS market rate I see on Google or in the Media?

The USD/TZS mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / TZS was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market USD/TZS midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good USD to TZS exchange rate

  1. Know the latest USD/TZS market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for United States Dollar and Tanzanian Shilling

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs TZS, you should pay attention to both United States Dollar and Tanzanian Shilling news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Tanzanian Shilling (TZS) - Market news and forecasts

No recent Tanzanian Shilling market updates.