TZS 500 = BIF 560.62
Convert1 TZS = 1.12124 BIF | 1 BIF = 0.89187 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 BIF Exchange Rate Chart
1 TZS = 1.12124 BIF
The exchange value of 500 TZS in Burundian Franc is 560.620 BIF as on Feb 14.
You can check the exchange rate of 500 Tanzanian Shilling to Burundian Franc by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 500 TZS to BIF online is as follows:.
There are several online ways to convert TZS to BIF.
Most banks in India allow TZS to BIF conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow TZS to BIF 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 BIF. 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 BIF.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline TZS to BIF conversion.
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Airports have forex counters where travelers can exchange TZS to BIF.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange TZS to BIF 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 BIF
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
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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 Burundian Franc (BIF) 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 BIF can give you more value for your money.
Since 1 TZS equals a significantly higher amount in BIF, converting TZS to BIF increases your purchasing power, allowing you to afford more goods and services in Burundi.
If you‘re an NRI, tourist, or returning from the Tanzania, converting TZS to BIF ensures you have local currency for daily expenses, shopping, and travel within Burundi.
Converting TZS to BIF can help you invest in Burundi 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 BIF 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 BIF 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 BIF exchange.
Source of the rates:apilayer.com