US Dollar to Tanzanian Shilling Exchange Rate

Live Rate

= TSh 2319.0000

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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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$1 Same day USD 0.00 2308.565 TZS 11,542,823 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$0 1 - 2 days USD 1.99 2272.62 TZS 11,358,577 Special offers like free transfers and better exchange rates available for new customers.
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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

Oct 15 Oct 16 Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24
1 USD = 2320.4777 Inverse: 0.0004 2319.5410 Inverse: 0.0004 2319.5410 Inverse: 0.0004 2319.5410 Inverse: 0.0004 2319.9834 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2320.0000 Inverse: 0.0004 2318.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004 2319.0000 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 2296.3002 Inverse: 0.0004 2305.4626 Inverse: 0.0004 2309.0059 Inverse: 0.0004 2305.9713 Inverse: 0.0004 2314.4000 Inverse: 0.0004 2313.0000 Inverse: 0.0004 2317.0000 Inverse: 0.0004 2322.0000 Inverse: 0.0004 2320.0000 Inverse: 0.0004 2321.1134 Inverse: 0.0004

US Dollar to the Tanzanian Shilling for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 1494.5389 Inverse: 0.0007 1795.0934 Inverse: 0.0006 1588.9682 Inverse: 0.0006 1604.5866 Inverse: 0.0006 1711.2967 Inverse: 0.0006 2180.5534 Inverse: 0.0005 2183.0500 Inverse: 0.0005 2245.3000 Inverse: 0.0004 2292.0000 Inverse: 0.0004 2297.6000 Inverse: 0.0004

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