Exchange Rate in Tanzania

Tanzania Exchange Rate | Economic News & Forecasts

Tanzania - Exchange Rate

Although 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

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1,587  1,733  2,160  2,181  2,240  

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Tanzania Exchange Rate Chart

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

Tanzania Facts

Bond Yield15.290.0 %Sep 04
Exchange Rate2,2980.0 %Sep 04
Stock Market1.00.0 %Sep 04

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