Exchange Rate in Tanzania
Tanzania - Exchange RateThe economy grew 7.2% year-on-year in the second quarter, marking the fastest expansion in over a year and up from the previous quarter’s 6.6% rise. A stronger jump in construction activity, coupled with a quicker expansion of manufacturing output compared to Q1, led the pick-up. Turning to the third quarter, incoming data is mixed. In the year ending September, the current account deficit widened notably as imports of capital and intermediate goods soared amid the government’s ongoing infrastructure projects. That said, exports of goods and services rose in the same period on stronger sales of gold and manufactured goods. Moreover, bank lending to the agricultural, building and construction, and mining and quarrying sectors soared in Q3, which should have stimulated business activity.
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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