TZS 1000 = NGN 577.34
Convert1 TZS = 0.57734 NGN | 1 NGN = 1.73208 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 NGN Exchange Rate Chart
1 TZS = 0.57734 NGN
The exchange value of 1000 TZS in Nigerian Naira is 577.340 NGN as on Feb 14.
You can check the exchange rate of 1000 Tanzanian Shilling to Nigerian Naira by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1000 TZS to NGN online is as follows:.
There are several online ways to convert TZS to NGN.
Most banks in India allow TZS to NGN conversion through their internet banking or mobile apps.
Pros:
Cons:
Apps like Wise, PayPal, and Western Union allow TZS to NGN conversion quickly.
Pros:
Cons:
A Forex card is a prepaid card that holds multiple currencies, including TZS.
Pros:
Cons:
Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
Pros:
Cons:
There are several offline methods to exchange TZS to NGN. 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 NGN.
Pros:
Cons:
Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline TZS to NGN conversion.
Pros:
Cons:
Airports have forex counters where travelers can exchange TZS to NGN.
Pros:
Cons:
Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange TZS to NGN at a Hotel or Travel Agency:
Pros:
Cons:
In busy markets and tourist spots, you may find local money changers who exchange TZS for NGN
Pros:
Cons:
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 |
---|---|---|---|---|
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 Nigerian Naira (NGN) 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 NGN can give you more value for your money.
Since 1 TZS equals a significantly higher amount in NGN, converting TZS to NGN increases your purchasing power, allowing you to afford more goods and services in Nigeria.
If you‘re an NRI, tourist, or returning from the Tanzania, converting TZS to NGN ensures you have local currency for daily expenses, shopping, and travel within Nigeria.
Converting TZS to NGN can help you invest in Nigeria 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 NGN 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 NGN 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 NGN exchange.
Source of the rates:apilayer.com