
The Tanzanian shilling is the official currency of Tanzania, and converting it to USD can be a bit tricky. As of now, 1000 Tanzanian shillings is equivalent to approximately 0.43 USD.
If you're planning a trip to Tanzania, understanding the local currency is essential. In this guide, we'll walk you through the conversion process and provide you with some helpful tips.
The exchange rate may fluctuate depending on the current market conditions. It's always a good idea to check the latest rates before making any transactions.
Expand your knowledge: Convert Tanzanian Shillings to Usd
Conversion Rates
To convert 1000 Tanzanian shillings to US dollars, it's essential to understand the current exchange rate. The highest TZS to USD exchange rate in the last year was 0.0004252 US Dollars per Tanzanian Shilling on December 16, 2024.
The conversion rates for Tanzanian shillings to US dollars are as follows: 1,000 TZS is equivalent to 0.3976 USD, 5,000 TZS is equivalent to 1.9881 USD, and 10,000 TZS is equivalent to 3.9761 USD. This means that for every 1,000 Tanzanian shillings you exchange, you will receive approximately 0.3976 US dollars.
Here's a breakdown of the conversion rates for various amounts of Tanzanian shillings:
Keep in mind that the exchange rate can fluctuate over time, so it's always a good idea to check the current rate before making a conversion.
Historical Rates
The highest TZS to USD exchange rate in the last year was 0.0004252 US Dollars per Tanzanian Shilling on December 16, 2024.
In the last 10 years, the highest rate from Tanzanian Shillings to US Dollars was on February 3, 2016 when each Tanzanian Shilling was worth 0.0004645 US Dollars.
The TZS to USD exchange rate has fluctuated over the years, with the highest rate in the last 30 days reaching $0.0004252 and a low of $0.0003958, averaging $0.0004104.
Last Year's Highest Rate
The highest Tanzanian Shilling (TZS) to US Dollar (USD) exchange rate in the last year was 0.0004252 US Dollars per Tanzanian Shilling, which occurred on December 16, 2024.
This rate is the same for both the last 30 days and the last 90 days, indicating a consistent peak throughout the year.
The high rate of 0.0004252 was a significant milestone, and it's worth noting that it was the highest point for the TZS/USD rate in the last year.
Here's a summary of the highest rates for the last 30 and 90 days:
This consistency in the highest rate is a notable trend in the TZS/USD exchange rate over the past year.
Year-over-Year Comparison
The Tanzanian Shilling has had its fair share of ups and downs in the last year. The highest TZS to USD exchange rate in the last year was 0.0004252 US Dollars per Tanzanian Shilling on December 16, 2024.
Looking at the bigger picture, the TZS/USD rate is down -0.58% compared to the same time last year, meaning the Tanzanian Shilling has decreased in value compared to the US Dollar.
The lowest point for the TZS/USD rate was 0.0003645 US Dollars per Tanzanian Shilling on September 25, 2024, which is a significant drop from the high point.
Here's a comparison of the high and low points for the TZS to USD exchange rate over the last year:
The high point of 0.0004252 US Dollars per Tanzanian Shilling on December 16, 2024, was a notable achievement, and it's interesting to see how the exchange rate has fluctuated over the last year.
Historical Rate Tables
The Tanzanian Shilling (TZS) to US Dollar (USD) exchange rate has been relatively stable over the past 30 days, with a high of $0.0004252 and a low of $0.0003958.
In the past 90 days, the exchange rate has fluctuated more significantly, with a high of $0.0004252 and a low of $0.0003666. This is reflected in the average rate, which is $0.0003885.
If you're looking to track the exchange rate over a longer period, you can view the historical rates by year. The article provides links to view rates for each year from 2016 to 2025.
Here's a summary of the exchange rate for the past 30 and 90 days:
Note that the exchange rate has been relatively stable over the past 30 days, but has fluctuated more significantly over the past 90 days.
Currency Information
The Tanzanian Shilling is a widely used currency in Tanzania, and it's interesting to learn about its history and significance. The Tanzanian Shilling was introduced in 1966 to replace the East African Shilling.
The Tanzanian Shilling is the official currency of Tanzania and is regulated by the Bank of Tanzania. It's used for all transactions and is the basis for measuring prices and economic indicators.
You might like: Tanzania Currency to Inr
You can convert Tanzanian Shillings to other currencies, and one common conversion is to US Dollars. If you're looking to convert 1000 Tanzanian Shillings to US Dollars, you can refer to the currency charts for the latest exchange rates.
Here are some key exchange rates for Tanzanian Shillings to US Dollars:
These exchange rates can help you understand the value of 1000 Tanzanian Shillings in US Dollars.
Market Analysis
The Tanzanian Shilling has taken a hit over the past decade, declining by -13.90% against the US Dollar. This significant drop in value has led to a loss of purchasing power for those using the Tanzanian Shilling.
In the past year alone, the Tanzanian Shilling has decreased by -3.57% against the US Dollar, making it a less desirable currency for international transactions. This downward trend is a concern for anyone looking to exchange or convert Tanzanian Shillings to US Dollars.
If you're planning to exchange 1000 Tanzanian Shillings to US Dollars, be aware that the Tanzanian Shilling has limited currency pairings, including TZS to USD, which is the most relevant for this conversion.
Readers also liked: Japanese Yen against Dollar
Shilling Market Direction
The Tanzanian Shilling has been on a downward trend against the US Dollar, with a year-to-date decrease of -3.57%. This decline has resulted in a loss of purchasing power compared to the US Dollar.
Over the past decade, the Tanzanian Shilling has declined by -13.90% against the US Dollar. This significant drop highlights the currency's volatility and potential risks for investors.
If you're considering exchanging TZS to USD, it's essential to keep in mind the current market direction. The Tanzanian Shilling's downward trend against the US Dollar suggests that the US Dollar may be a stronger option for your exchange.
A different take: 20 Usd to Tanzanian Shilling
Comparing Dollar Strength
Comparing Dollar Strength is a crucial aspect of market analysis. The US Dollar is currently stronger than the Tanzanian Shilling, as 1 USD is equal to 2,515.00 TZS.
If you're traveling to Tanzania, you'll want to know that 1 USD can get you a lot of Tanzanian Shillings, but the exchange rate is not in your favor. The Tanzanian Shilling is worth a tiny fraction of a US Dollar, with 1 TZS being worth approximately 0.0003976 USD.
The difference in value between the two currencies is quite significant, making the US Dollar a stronger currency in this exchange.
A fresh viewpoint: Aussie Dollar Worth
Frequently Asked Questions
How much is 6000 Tanzanian shillings in dollars?
As of our last update, 6000 Tanzanian shillings is equivalent to approximately $2.48 USD. This conversion rate may be subject to change.
Featured Images: pexels.com