You are relatively limited if you need to send money online to Tanzania. Unfortunately, there are simply fewer options available than there are in other countries. This isn’t a huge problem though, as transferring money is almost always easy, and Tanzania is not exceptional in this regard.
The current exchange rate for the Tanzanian Shilling (TZS) is 2326.999909 TZS per American Dollar (USD). The TZS reached a high of 2,337.9008 TZS per USD and a low of 2,297.9588 TZS per USD during the last 90 days. The average exchange rate for the TZS was 2,321.6581 TZS per USD for the last 90 days.
The average volatility rate for the TZS against the USD was 0.21% for the last 90 days. This is a normal volatility rate, and the TZS has been fairly stable for some time now. Going forward you can reasonably expect only minor fluctuations to continue, barring any unforeseen circumstances.
Ria Money Transfer’s fast option is the fastest way to transfer money online to Tanzania. With Ria Money Transfer’s fast option, your money should reach its Tanzanian destination in a matter of minutes. Ria Money Transfer also offers relatively reasonable rates. The fast option offered by Ria Money Transfer costs less than some of their slower competition.
Ria Money Transfer’s slow (normal service) option is cheap. While you can’t expect the speed to be at all comparable to their fast option (this slow option takes 3-5 days), the slow option will save you a lot of money.
Ria Money Transfer carries a typical upfront, stated fee for sending money. When you use their slow option, their hidden currency conversion costs are very low. When both of these factors are considered, Ria Money Transfer’s slow option simply costs less.
The easiest way to send money online to Tanzania is through WorldRemit. WorldRemit is a money transfer service that makes it easier than the competition to send funds to Tanzania.
With WorldRemit, you can send money to a Tanzanian bank account, or directly to a debit or credit card. WorldRemit is also fairly fast in comparison to its competition in Tanzania.
WorldRemit is the overall best way to transfer funds to Tanzania. They offer a short waiting time and a well-rounded deal for sending money online to Tanzania. WorldRemit is also one of the few money transfer services that are ubiquitous around the world, potentially offering you more convenience.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com