US Dollar to Tanzanian Shilling Exchange Rate

Live Rate

= TSh 2319.0580

Refreshing in: 60s | Tue, Jul 14, 11:23AM GMT

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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

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USD 1,000 1 day USD 0.00 2295.867 TZS 11,479,337 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 2295.867 TZS 11,479,337 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
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USD 1 Same day USD 0.00 2308.622 TZS 11,543,111 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 0 1 - 2 days USD 1.99 2272.677 TZS 11,358,862 Special offers like free transfers and better exchange rates available for new customers.
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USD 1 Within an hour USD 3.99 2309.318 TZS 11,537,376 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

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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

Jul 04 Jul 05 Jul 06 Jul 07 Jul 08 Jul 09 Jul 10 Jul 11 Jul 12 Jul 13
1 USD = 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2318.2730 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2318.8480 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0576 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 USD = 2299.0000 Inverse: 0.0004 2300.6257 Inverse: 0.0004 2308.3672 Inverse: 0.0004 2297.4000 Inverse: 0.0004 2297.4992 Inverse: 0.0004 2312.1965 Inverse: 0.0004 2299.5138 Inverse: 0.0004 2300.5009 Inverse: 0.0004 2314.3107 Inverse: 0.0004 2314.2012 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 USD = 1488.0030 Inverse: 0.0007 1562.5396 Inverse: 0.0006 1585.5790 Inverse: 0.0006 1618.8114 Inverse: 0.0006 1659.7833 Inverse: 0.0006 2054.5500 Inverse: 0.0005 2187.7267 Inverse: 0.0005 2238.1000 Inverse: 0.0004 2275.0000 Inverse: 0.0004 2300.0000 Inverse: 0.0004

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