Exchange Rate in Tanzania

Tanzania Exchange Rate | Economic News & Forecasts

Tanzania - Exchange Rate

Annual 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

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)2,160  2,181  2,240  2,300  2,298  

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Tanzania Exchange Rate Chart

Tanzania Exchange Rate
Note: Exchange rate, TZS per USD (eop).
Source: Thomson Reuters

Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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