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US dollar to Tanzanian shilling exchange rate

Find the best USD/TZS exchange rate for 08 Mar 2021.

Live Rate

= TSh 2319.9821

Refreshing in: 60s | Mon, Mar 08, 01:16PM GMT

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There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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How can I get the best exchange rate between the US dollar and the Tanzanian shilling?

Due to restrictions in place by the Tanzanian government dealing with currency, there aren’t many options for exchanging foreign currency into Tanzanian shillings outside of Tanzania — the exchange needs to happen after you arrive in the country.

The best exchange rate for cash exchanges between USD and TZS are typically found at foreign exchange offices located throughout the major cities in Tanzania. Rates there are reported to be much better than what hotels or banks will offer. New and clean looking $50 and $100 bills will get you the best rates.

Traveler’s checks are no longer accepted in Tanzania, so you’ll need to rely on either a debit or credit card, or cash. US dollars are often accepted and sometimes even preferred by the locals, but make sure you get a fair exchange rate. Many travelers also report that US dollar bills must be issued after 2006.

If you’re looking to send money from the US to someone in Tanzania, online service providers will be your best bet. Money transfer companies usually offer fair exchange rates and transparent fees with transaction times that are typically faster than banks.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Tanzanian Shilling

The shilling is the official currency of East African country Tanzania. This purchasing power of this currency tends to fluctuate along with prices for food items produced by the country, including maize, sorghum, lentils and beans.
Currency:Tanzanian Shilling
Currency Symbol:TSh
Sub unit:senti
Bank notes:500, 1000, 2000, 5000, 10,000 shilingi
Coins:50, 100, 200, 500 shilingi

What affects exchange rates between the US dollar and the Tanzanian shilling?

As a floating currency, the exchange rate between US dollars and Tanzanian shillings is determined by the foreign exchange market. Positive economic news coming out of Tanzania will usually boost the value of the shilling, while negative economic news will cause it to go lower when compared to the US dollar.

Mining, particularly for gold, is the most important industry for Tanzanian exports. Rising gold prices will normally contribute to a stronger shilling against the dollar. The export of agricultural products like tobacco and coffee have a big impact on keeping up the value of the shilling compared to the dollar as well.

Lastly, interest rates in both the United States and Tanzania are extremely important for the exchange rate between the two currencies. Rising interest rates in either one of the countries will usually lead to a stronger currency as well.

Send money from USD to TZS

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 2296.782 TZS 4,593,565 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
USD 1 Same day USD 0.00 2301.422 TZS 4,602,844 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour USD 3.99 2310.238 TZS 4,611,258 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$1 3 - 5 days USD 20.00 2261.983 TZS 4,478,725 Western Union sends money online to friends and family in 200+ countries around the world. Show details
$1 Same day USD 5.00 2271.262 TZS 4,531,169 Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations. Go to site Show details
$10 Within an hour USD 1.99 2273.582 TZS 4,542,640 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Best ways to send money to Tanzania

How does the Tanzanian shilling trade against the US dollar historically?

Since 2000, the Tanzanian shilling has lost a significant amount of its buying power in terms of US dollars. From being valued at just below 800 shillings per dollar back then, it’s now dropped to a level of 2,250 shillings per one dollar in 2018.

The sharpest drop in value during this period happened between 2014 and 2015 when the exchange rate moved from 1,650 shillings per dollar to 2,100 shillings per dollar in less than a year.

US Dollar to the Tanzanian Shilling for the last 10 days

Feb 26 Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04 Mar 05 Mar 06 Mar 07
1 USD = 2318.3131 Inverse: 0.0004 2318.3131 Inverse: 0.0004 2318.6565 Inverse: 0.0004 2319.0738 Inverse: 0.0004 2319.6350 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2318.3291 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 months

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 2314.8137 Inverse: 0.0004 2314.8587 Inverse: 0.0004 2318.2730 Inverse: 0.0004 2325.0000 Inverse: 0.0004 2320.0079 Inverse: 0.0004 2320.9675 Inverse: 0.0004 2318.0180 Inverse: 0.0004 2318.4474 Inverse: 0.0004 2323.8912 Inverse: 0.0004 2319.3150 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 years

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 1508.7591 Inverse: 0.0007 1590.7488 Inverse: 0.0006 1626.4223 Inverse: 0.0006 1628.7900 Inverse: 0.0006 1821.7500 Inverse: 0.0005 2186.3833 Inverse: 0.0005 2230.7351 Inverse: 0.0004 2253.8000 Inverse: 0.0004 2364.2487 Inverse: 0.0004 2305.1000 Inverse: 0.0004

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