USD to TZS exchange rate today
Convert US Dollar to Tanzanian Shilling to send a cheap international money transfer
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What is the USD to TZS exchange rate today?
The USD to TZS exchange rate today is 2,462.05. This is the mid-market exchange rate, which isn’t always the same as the rate a bank or an international money transfer service will give you. We’ll look at that more in just a moment.
Exchange rates change very frequently based on fluctuations in the global currency market. That means you’ll need to keep an eye on the live USD to TZS exchange rate before you convert or send a payment to Tanzania from the United States, so you’ll know how far your money will go in TZS.
How does the currency exchange rate work?
The USD to TZS exchange rate describes the amount you’ll get in Tanzanian Shilling when you exchange a single US Dollar. This can help you work out how much you’ll get in the end in TZS when you convert money for a trip, or send a payment to someone.
Currency exchange rates vary a lot depending on a very broad range of factors, including global currency market movements, economic and political stability and more. Usually when you search for an exchange rate online you’ll see the mid-market exchange rate. This is the rate used when banks and large institutions trade currencies on a wholesale level, but it’s not necessarily the rate you’ll get when you convert as a retail customer.
To see the rate your bank or preferred international money transfer service offers, you’ll need to visit their website - or use our handy currency converter tools to see which provider might offer the best deal for your specific needs.
USD to TZS currency graphic
See the price of the USD - TZS in real time and check the historical values of the currency compared to the real.
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USD to TZS stats
USD to TZS currency performance and volatility
| Stats | Last 7 Days | Last 30 Days | Last 90 Days | Last Year |
|---|---|---|---|---|
| High | 2,472.53 | 2,472.53 | 2,727.13 | 2,728.44 |
| Low | 2,451.50 | 2,318.00 | 2,318.00 | 2,318.00 |
| Average | 2,464.36714 | 2,412.866 | 2,573.33122 | 2,607.40995 |
| Volatility | 0.85% | 6.4% | 15.9% | 15.74% |
About TZS
Tanzanian Shilling is the official currency of Tanzania. Here is some information about it:
- Currency name: Tanzanian Shilling
- ISO code: TZS
- Symbol: TSh
- Subunit: 1/100 = Cent
Best time to buy TZS?
There’s not really a best time to buy TZS, as the exchange rate you get will change frequently depending on factors outside of your own control.
It’s worth keeping an eye on the live US Dollar to Tanzanian Shilling rate, and looking at historical exchange rate data to see what trends emerge. This can help you spot a good rate when one is available, and will help you prepare to convert money or send your overseas payment.
How about USD?
If you need to switch TZS - or any other foreign currency - back to USD, again, you’ll need to watch exchange rates to get a feel for the trends and the best time to exchange. You may also want to shop around a bit to see which providers can offer the best deal based on your specific needs, to make sure you get the most USD back in the end.
Where to buy TZS today?
You may be able to buy TZS from a bank, a physical currency exchange store, or online. Which option suits you will depend a lot on what you need the money for, and how urgently.
Not all banks offer travel cash, and where this is available you may need to order in advance. Physical currency exchange offices can be quicker if they hold the currency you need in stock. Or, as an alternative you might want to look at digital currency exchange services, like Wise or Revolut, which allow you to open an account with your phone, to add USD from your bank or with a card, and convert digitally to TZS. You can then use your TZS balance to send to someone else, or in some cases, you can spend with a linked digital or physical card.
Wise
The Wise multi-currency account allows you to buy, hold, and spend Tanzanian Shillings and over 40 other currencies at the real exchange rate with no markup. In addition to saving on currency exchange, the service offers a debit card linked to the account and 2 free withdrawals per month of up to 250 GBP and provides local bank details for receiving payments in 9 currencies.
Revolut
Revolut is yet another free multi-currency account that allows you to hold a balance in dollars. Supporting over 30 currencies and 150 countries, it simplifies top-ups in foreign currencies that use the commercial exchange rate. In addition to international transfers, payments, and withdrawals, the platform offers integrated banking services such as savings and investments.
How to get the best exchange rate when buying TZS today?
The only way to know you’re getting the best available TZS exchange rate is to do some research. The best rate may depend on whether you need cash or want to send a payment, and which providers are convenient for you based on your location. Many services list their live exchange rates online which makes them easier to check and compare, which offers some reassurance you’ll get a good deal in the end.
How to order foreign currency online
Depending on your needs, you may find you can order TZS online for collection or delivery in cash - or you could choose a multi-currency account from a specialist provider which lets you add funds in your preferred currency and switch over to TZS instantly.
Cash services might suit you if you want travel money ready for a trip, but a digital account could also work if you pick a provider which offers a debit card. You can simply use this to make withdrawals on arrival from an ATM, so you’ll be able to pay with card or cash, depending on what’s best for your particular transaction.
How to open a TZS account in the United States
If you need to send or receive overseas payments in TZS you might be wondering how to open a TZS account in the United States.
You may find you can open a TZS account in the United States through your bank - or you might prefer to look at a non-bank alternative provider which offers multi-currency accounts instead. Bank services can vary widely and may come with some quite high minimum balance requirements and costs. Often specialist providers can offer more flexible account services, including holding USD and TZS, with low fees and easy ways to send and receive payments, or spend with a card when you’re travelling.
How to send money to Tanzania?
You can send money to Tanzania through your bank or a specialist international money transfer service.
Most banks offer international payments all over the world. However, the fees can be pretty high and you’ll normally also pay a charge which is rolled into the exchange rate that is used to convert USD to TZS for deposit to your recipient’s account. Before you send your payment with your bank it’s worth also comparing a few specialist services.
Specialist money transfer services still allow you to fund your transfer to Tanzania through your bank’s online banking system, or you can pay with your debit or credit card in many cases, too. Your money is then converted and deposited in your recipient’s account - or you might be able to select options to send money to a mobile wallet account or for cash collection instead.
It’s easy to compare different solutions to send money to Tanzania using our currency conversion and payment calculator tools. Just enter the details of the transfer you need to make, to see the available fees and exchange rates for many popular providers.
Popular USD exchange rates today
Frequently asked questions when converting USD to TZS
How much is the USD to TZS exchange rate?
The USD to TZS exchange rate today is 2,462.05. That’s the amount you’ll get in TZS when you exchange a single US Dollar.
How much is 1,000 USD to TZS?
To calculate how much you’ll get in TZS if you exchange 1,000 USD you’ll need to multiply the live USD to TZS exchange rate by 1,000. If you want to make it easier you can also use our currency conversion and comparison tools which show you exactly what you’d get for 1,000 USD from different services.
How to exchange USD to TZS?
You may be able to buy TZS from a bank, a physical currency exchange store, or online. Which option suits you will depend a lot on what you need the money for, and how urgently.
How to send money to Tanzania?
You can send money to Tanzania through your bank or a specialist international money transfer service. It’s easy to compare different solutions to send money to Tanzania using our currency conversion and payment calculator tools. Just enter the details of the transfer you need to make, to see the available fees and exchange rates for many popular providers.
What is the mid-market rate?
The mid-market exchange rate is the rate used when banks and large institutions trade currencies on a wholesale level, but it’s not necessarily the rate you’ll get when you convert as a retail customer. Instead, providers will often add a fee, known as a markup, on the rate they use to convert foreign currencies for cash, or to send a payment abroad. Compare a few different services using our helpful tools, to see which offers the best rate for your specific needs.