Overall best choice: WorldRemit
We tested & reviewed dozens of money transfer providers, and WorldRemit scored highly.
WorldRemit appeared in 75% of Canada to Tanzania searches, and was the top rated company out of 11 that support CAD to TZS.
So for a great mix of cost, speed & features, make your Canada to Tanzania transfer using WorldRemit.
Getting the best deal on your Canada to Tanzania transfer
Important things to consider before sending money from Canada to Tanzania
Don't settle for the first option. Always compare ways to send money from Canada to Tanzania to find out about fees, speed, and reliability.
Our analysis included 11 providers that operate between Canada and Tanzania.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Tanzania.
Cheapest way to send money from Canada to Tanzania: Remitbee
Data collected for transfers between Canada and Tanzania over the past six months shows that Remitbee is 0.8% cheaper than the second-best option.
This cost combines an average exchange rate between the Canadian Dollar and Tanzanian Shilling that is 0.7% different to the mid-market rate and an average fee of 0* CAD.
*The most common fee applied to CAD-TZS by Remitbee, based on data from the past six months.
Fastest way to send money from Canada to Tanzania: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Tanzania in 75% of searches. This makes them well suited to urgent CAD to TZS money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Tanzania - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Ria Money Transfer is your best choice at the moment. This service emerged as the quickest way to send money to Tanzania from Canada in 75% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is WorldRemit.
While WorldRemit may not always be the cheapest or fastest way to send CAD from Canada to Tanzania, it’s the provider that will keep you safe and relaxed while your money moves into TZS.
Understanding the cost of sending money from Canada to Tanzania
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Canada to Tanzania.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Tanzanian Shilling for your Canadian Dollar. The current CAD-TZS mid-market rate is 1,893.767 TZS per Canadian Dollar.
This rate changes regularly so it can pay to track it. For comparison, the CAD-TZS mid-market rate for the past three months has averaged 1,990.077 TZS per Canadian Dollar, with a low of 1,990.077 and a high of 1,990.077.
Dahabshiil is currently offering the best exchange rate from the 11 companies compared.
Often the CAD-TZS exchange rate you pay is the biggest cost factor when transferring Canadian Dollars to Tanzania.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Canadian Dollar you’re sending to Tanzania. Remitbee currently has the lowest fees for transfers into TZS at an average of 0 CAD over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Tanzanian Shilling is the biggest indicator of the total cost of sending money to Tanzania from Canada. The bigger the amount received in Tanzania, the lower the overall cost of sending from Canada.
How to find the best exchange rate for Canada to Tanzania
Timing is essential for sending money between CAD and TZS. The exchange rate you secure impacts how much TZS you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to TZS has seen some fluctuation. On average, it stood at 1,990.077.
During this period, the highest value recorded was 1,990.077, while the lowest was 1,990.077.
WorldRemit, which is our recommended service to send money online from Canada to Tanzania offers an exchange rate that is only 2.14% above the mid-market rate.
Want to secure the best CAD-Tanzanian Shilling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Tanzania!
Paying for your Canada to Tanzania transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Tanzania and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Tanzania.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to TZS.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.