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The rates here are indicative mid-market rates from a public exchange-rate feed, refreshed hourly. That is the rate currencies trade at between banks. The rate you are offered at a bureau de change, a bank counter or through mobile money will be less favourable, because those services add a margin.

Use these converters to see what an amount is worth right now, and to judge whether a quoted rate is reasonable. When you actually exchange money, compare the total you receive rather than the headline rate — commission, rounding and the spread often matter as much as the rate itself.

One feed drives every conversion on the site. Rates come from a single public source quoted against the US dollar, refreshed at most once an hour and cached on the server, so the provider is not hit once per visitor and a brief outage serves the last known rates instead of a broken page. Cross-rates such as shillings to Kenyan shillings are calculated through that dollar base rather than quoted directly, which is why a figure here can differ slightly from one a bank shows you. Everything on these pages is an indicative reference rate, not an offer to deal. The Bank of Tanzania publishes the official reference rates that banks and bureaux price against.

Which calculator to use

What an amount is worth right now

Use the Currency Converter for any pair, or one of the dedicated pages — USD to TZS, TZS to USD, and the shilling against the Kenyan shilling, pound, euro, dirham and Ugandan shilling. Each page carries the rate it used and when the feed was last refreshed.

Judging whether a quoted rate is fair

Compare the rate you are offered with the mid-market rate shown here. The gap is the margin the bank, bureau or mobile-money service is taking. Because the margin is a percentage, it is worth converting: a two-point gap on a 10 million TZS transfer is 200,000 TZS, which is often more than any visible commission.

Understanding the shilling itself

The Tanzania currency guide covers the shilling's denominations, how the rate is quoted, and what moves it. The Bank of Tanzania is the authority for the official reference rate, and its rate is the one to cite in anything formal.

Common mistakes here

  • Treating the rate here as the rate you will get. It is the mid-market rate between banks; a counter rate is always worse, by a margin that varies with the provider and the amount.
  • Comparing offers on the headline rate alone while ignoring commission and rounding. What matters is the total the recipient receives, or the total the sender pays, in the currency they care about.
  • Reading a cross-rate as an official quote. Cross-rates here are computed through the US dollar base, so they can differ slightly from a rate a bank quotes directly for the same pair.
  • Using a rate without noticing its date on a large transfer. Exchange rates move daily; a rate checked last week is evidence of last week's market, not today's.

Worked examples

  • Why the margin matters more than the commission

    Suppose the feed shows 2,500 TZS per USD and a bureau offers 2,450. The 50 TZS gap is a 2% margin, so on 1,000 USD the recipient loses about 50,000 TZS — more than most advertised commissions on the same transfer. The numbers here are illustrative of the arithmetic, not quoted rates; the converter above shows the live figure.

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Maintained by David M at Delta Tech Solutions · Figures last checked 19 October 2026 · Next check due 19 April 2027