Understanding Tanzania Currency to USD Exchange Rates

Tanzania's currency, the Tanzanian shilling (TZS), is the official currency of the country and is used for everyday transactions.

The Tanzanian shilling is divided into 100 subunits called senti, but coins are rarely used due to their low value.

The Tanzanian shilling is pegged to the US dollar, but the exchange rate fluctuates daily due to market forces.

As of our last update, 1 USD is equivalent to approximately 2,300 TZS, but please note that this rate can change quickly.

Here's an interesting read: 20 Usd to Tanzanian Shilling

OANDA's free currency converter is a powerful tool for converting Tanzanian shillings to US dollars. You can type in the amount you want to convert, select TZS as the currency you want to convert from and USD as the currency you want to convert to, and the converter will show you the current exchange rate and how it's changed over the past day, week or month.

To use the converter, simply type in the box how much you want to convert, click on the dropdown to select TZS and USD, and the converter will do the rest. You can also access currency exchange rates dating back to January 1990.

For more insights, see: Convert 1 Us Dollar to Vietnam Dong

The converter shows you the current exchange rate and how it's changed over time, which can be helpful for making informed decisions about your money. For example, you can see that 1 USD is currently equal to 2550.771 TZS.

Here's a rough idea of how much you can get for your US dollars in Tanzanian shillings:

You can use this chart to get an idea of how much your money is worth in Tanzanian shillings. Keep in mind that exchange rates can fluctuate rapidly, so it's always a good idea to double-check the current rate before making any major financial decisions.

The Tanzanian shilling, or TZS, is the official currency of Tanzania. It's often used for everyday transactions and is also a popular choice for international travel. You can exchange your TZS for US dollars, or USD, at various currency exchange offices or online.

The current exchange rate for TZS to USD is 1 TZS = 0.00040 USD. This rate has remained relatively stable over the past 30 days, with a 30 day high and low of 0.0004 and a 30 day average of 0.0004. The change in this rate over the past 30 days is -6.75%.

If you're looking to convert TZS to USD, you can use our currency converter. Simply type in the amount you want to convert, select TZS as the currency you want to convert from, and USD as the currency you want to convert to. Our converter will show you the current rate and how it's changed over the past day, week, or month.

Here are the top currency pairings for Tanzanian shilling:

Over the past 90 days, the exchange rate for TZS to USD has seen a slight increase, with a 90 day high and low of 0.0004 and a 90 day average of 0.0004. The change in this rate over the past 90 days is 9.59%.

On a similar theme: 90 Usd to Colombian Peso

The TZS to USD exchange rate is influenced by various factors. Economic indicators like GDP growth, inflation, and interest rates can impact the exchange rate.

These indicators can affect the value of the Tanzanian Shilling compared to the US Dollar. For example, a strong GDP growth can lead to an appreciation of the TZS.

Geopolitical events, such as elections and trade agreements, can also influence the exchange rate. These events can create uncertainty and affect investor confidence.

Central bank decisions, such as interest rate changes, can affect the exchange rate. A change in interest rates can impact the value of the TZS.

Over the past six months, the TZS/USD rate has increased by +4.78%. This means the Tanzanian Shilling has gained value compared to the US Dollar.

Here are some key factors to consider when analyzing the TZS to USD exchange rate: