Exchange Rate in Tanzania
Tanzania - Exchange RateAnnual growth fell to an over two-year low of 5.7% in the first quarter (Q4 2019: +6.2%) due to Covid-19; nonetheless, the economy remained relatively sturdy, supported by booming demand for gold—the country’s key export commodity—which bolstered mining and quarrying activity. Turning to the second quarter, momentum seems to have waned further. Despite upbeat gold exports, the external sector was likely hammered as tourist arrivals dried up due to widespread travel restrictions. Domestically, faltering confidence appears to have dented investment activity and consumer demand, although the government’s decision not to implement a statewide lockdown should have softened the blow. In other news, Tanzania has gained access to international credit markets after the World Bank upgraded its status to a lower-middle-income country, from a low-income one.
Tanzania - Exchange Rate Data
|Exchange Rate (vs USD)||2,160||2,181||2,240||2,300||2,298|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Exchange Rate Chart
Source: Thomson Reuters
|Bond Yield||14.73||0.0 %||Dec 31|
|Exchange Rate||2,300||0.0 %||Jan 01|
|Stock Market||1.2||0.0 %||Jan 06|
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