What is the US Dollar worth against the Tanzanian Shilling today?

1 USD is worth 2,580.31 TZS today

How much is 5,000 USD worth in TZS?

At the current exchange rate of 2,580.31 , a sum of 5,000 US Dollar is worth 12,901,550 Tanzanian Shilling.

Which currency is stronger? USD or TZS?

The US Dollar is currently stronger than the Tanzanian Shilling given that 1 USD is equal to 2,580.31 TZS. Conversely, 1 TZS is worth 0 USD.

Overview of USD to TZS Performance and Trends

Today, to buy 5,000 US Dollar, you need 12,901,550 Tanzanian Shilling. On the same date last year, you needed 11,725,000 Tanzanian Shilling for 5,000 US Dollar. This change indicates that the US Dollar has become stronger against the Tanzanian Shilling by 10.22% over the past year.

The pair experienced high volatility of 10.22%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

USD to TZS Currency Performance and Volatility

Last 7 Days

• Performance: $5,000 varied between TSh2,566.64 (weekly low) and TSh2,585.96 (weekly high), a variance of TSh19.32 .
• Volatility: Fluctuated by 0.75%.

Last 30 Days

• Performance: $5,000 varied between TSh2,543.46 (30-day low) to TSh2,585.96 (30-day high), a variance of TSh42.5 .
• Volatility: Fluctuated by 1.67%.

Last 90 Days

• Performance: $5,000 varied between TSh2,518.75 (90-day low) to TSh2,584.67 (90-day high), a variance of TSh65.92 .
• Volatility: Fluctuated by 2.62%.

Last Year

• Performance: $5,000 ranged from TSh2,345 (yearly low) to TSh2,584.67 (yearly high), a variance of TSh239.67 .
• Volatility: Fluctuated by 10.22%.

USD to TZS Forecast and trending

Is the US Dollar going up or down against the Tanzanian Shilling?

Today's USD to TZS exchange rate (2,580.31) is smaller compared to yesterday's rate (2,584.67).

Understanding USD to TZS Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert US Dollar to Tanzanian Shilling, to send a payment, for a trip overseas, when shopping online or to hold a balance in Tanzanian Shilling.

How to convert USD to TZS?

You can convert US Dollar to Tanzanian Shilling either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Tanzanian Shilling in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in US Dollar cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Tanzanian Shilling in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in US Dollar you want to send, or the amount in Tanzanian Shilling you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Tanzanian Shilling

How to get the best USD to TZS exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best USD to TZS exchange rate for your specific transaction.

Get to know the USD/TZS mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the USD/TZS mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including US Dollar and Tanzanian Shilling. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy US Dollar with Tanzanian Shilling?

You'll be able to exchange Tanzanian Shilling to US Dollar in the same way as you'd exchange US Dollar to Tanzanian Shilling. If you have Tanzanian Shilling in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Tanzanian Shilling. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold US Dollar in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange USD to TZS?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.