What Is the Current USD to TZS Exchange Rate?
As of today, 1 USD equals 2,640 TZS (Tanzanian Shillings). This means:
– 1,000 USD = 2,640,000 TZS
– The US Dollar (USD) is stronger than the Tanzanian Shilling (TZS), with 1 TZS valued at 0.00038 USD.
👉 Stay updated with live exchange rates here
USD to TZS Performance and Trends
Yearly Comparison
- Today: 1,000 USD = 2,640,000 TZS
- Last Year: 1,000 USD = 2,642,490 TZS
- Change: The USD has depreciated by 0.19% against the TZS over the past year.
Volatility Analysis
The USD/TZS pair shows high volatility (17.71%), indicating significant price fluctuation risks.
Historical USD to TZS Volatility (Past Year)
| Timeframe | Low (TZS per 1,000 USD) | High (TZS per 1,000 USD) | Variance | Volatility |
|---|---|---|---|---|
| 7 Days | 2,610,000 | 2,692,500 | 82,500 | 3.16% |
| 30 Days | 2,575,000 | 2,700,000 | 125,000 | 4.85% |
| 90 Days | 2,580,500 | 2,701,830 | 121,330 | 4.70% |
| 1 Year | 2,317,997 | 2,728,440 | 410,443 | 17.71% |
Currency Insights: USD and TZS
USD (US Dollar)
- Symbol: $
- Rank: #1 most traded currency (44.25% of daily global trade volume).
- Used in: 22 countries, including the US, Ecuador, and Zimbabwe.
TZS (Tanzanian Shilling)
- Symbol: TSh
- Rank: Not in top 40 traded currencies (low daily trade volume).
- Used in: Tanzania only.
👉 Compare USD/TZS rates in real-time
How to Convert USD to TZS
Methods:
- Physical Exchange
- Visit banks/currency exchange stores.
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Compare rates and fees before transacting.
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Digital Conversion
- Use international payment services (e.g., Wise, PayPal).
- Avoid airport/hotel exchanges due to poor rates.
Tips for Best Rates:
- Monitor the mid-market rate (benchmark rate without markup).
- Use multi-currency accounts to hold TZS/USD and convert when rates are favorable.
FAQs: USD to TZS Exchange
1. What’s the best way to send money to Tanzania?
Use digital services like Wise for lower fees and competitive rates compared to banks.
2. Is the USD gaining value against the TZS?
Today’s rate (2,637.5 TZS/USD) is higher than yesterday’s (2,617.5), indicating short-term appreciation.
3. Where can I exchange USD to TZS online?
Reputable platforms like Wise or Revolut offer transparent rates and low fees.
4. Why is USD/TZS so volatile?
Factors include Tanzania’s trade dependencies, inflation, and USD global demand.
5. Can I hold TZS in a foreign bank account?
Yes, via multi-currency accounts that support Tanzanian Shillings.
6. What’s the mid-market rate?
The wholesale rate banks use; retail rates often include hidden markups.
Trusted Currency Analysis
Our insights are backed by:
– Real-time data from global forex markets.
– Partnerships with financial experts like Wise.
– 10+ years of currency exchange expertise.
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