US Dollar to Tanzanian Shilling Exchange Rate

Live Rate

= TSh 2309.8000

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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 Within an hour USD 3.99 2300.099 TZS 11,491,317 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

    Feb 16 Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25
    1 USD = 2310.0868 Inverse: 0.0004 2309.6941 Inverse: 0.0004 2310.5161 Inverse: 0.0004 2309.6848 Inverse: 0.0004 2310.6761 Inverse: 0.0004 2311.1000 Inverse: 0.0004 2311.1000 Inverse: 0.0004 2311.0957 Inverse: 0.0004 2309.0059 Inverse: 0.0004 2309.6706 Inverse: 0.0004

    US Dollar to the Tanzanian Shilling for the last 10 months

    Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
    1 USD = 2305.2000 Inverse: 0.0004 2294.9630 Inverse: 0.0004 2303.3249 Inverse: 0.0004 2300.3000 Inverse: 0.0004 2298.3344 Inverse: 0.0004 2299.5501 Inverse: 0.0004 2303.5000 Inverse: 0.0004 2303.4000 Inverse: 0.0004 2297.9126 Inverse: 0.0004 2305.5917 Inverse: 0.0004

    US Dollar to the Tanzanian Shilling for the last 10 years

    Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
    1 USD = 1386.8369 Inverse: 0.0007 1512.9274 Inverse: 0.0007 1588.3195 Inverse: 0.0006 1632.5822 Inverse: 0.0006 1622.5167 Inverse: 0.0006 1817.8133 Inverse: 0.0006 2184.2533 Inverse: 0.0005 2228.2351 Inverse: 0.0004 2252.6000 Inverse: 0.0004 2343.9895 Inverse: 0.0004

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