TZS 1 = CAD 0.00054
Convert1 TZS = 0.00054 CAD | 1 CAD = 1851.85185 TZS
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
TZS to CAD Exchange Rate Chart
1 TZS = 0.00054 CAD
The exchange value of 1 TZS in Canadian Dollar is 0.001 CAD as on Feb 14.
You can check the exchange rate of 1 Tanzanian Shilling to Canadian Dollar by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1 TZS to CAD online is as follows:.
There are several online ways to convert TZS to CAD.
Most banks in India allow TZS to CAD conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow TZS to CAD conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including TZS.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange TZS to CAD. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your TZS cash and exchange it for CAD.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline TZS to CAD conversion.
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Airports have forex counters where travelers can exchange TZS to CAD.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange TZS to CAD at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange TZS for CAD
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Tanzanian Shilling (TZS) to Canadian Dollar (CAD) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
TZS is a strong and widely traded currency. If the exchange rate is favorable, converting TZS to CAD can give you more value for your money.
Since 1 TZS equals a significantly higher amount in CAD, converting TZS to CAD increases your purchasing power, allowing you to afford more goods and services in Canada.
If you‘re an NRI, tourist, or returning from the Tanzania, converting TZS to CAD ensures you have local currency for daily expenses, shopping, and travel within Canada.
Converting TZS to CAD can help you invest in Canada assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Tanzania markets.
Using a direct TZS to CAD conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting TZS to CAD at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of TZS to CAD exchange.
Source of the rates:apilayer.com