Exchange Rate in Tanzania
Tanzania - Exchange RateAlthough economic activity moderated in the first quarter of the year, it remained robust overall. The slowdown reflected softer expansions in the manufacturing, trade and construction sectors more than offsetting a healthy acceleration in the agricultural sector output. Heading into Q2 and Q3, activity seems to have eased further, as suggested by external-sector data for the year ending July. In this period, the current account deficit widened considerably, due to growth of imports outpacing that of exports. Capital goods accounted for the lion’s share of the increase in imports, due to the government’s infrastructure push, while shrinking foreign sales of traditional exports weighed on export performance. That said, growth likely remained heathy, as suggested by sustained credit extension in April-July, especially to the agricultural and mining sectors, as well as to households.
Tanzania - Exchange Rate Data
|Exchange Rate (vs USD)||1,587||1,733||2,160||2,181||2,240|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Exchange Rate Chart
Source: Thomson Reuters
|Bond Yield||15.29||0.0 %||Sep 04|
|Exchange Rate||2,298||0.0 %||Sep 04|
|Stock Market||1.0||0.0 %||Sep 04|
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