EUR to TZS - Euro to Tanzanian Shilling Converter

Convert Euro to Tanzanian Shilling with real-time exchange rates

1 EUR = ~2891.07 TZS (rates vary)

Quick Insight

EUR and TZS move with broader market factors. For quick estimates, €100 tends to be in the low hundreds of thousands of TZS depending on market conditions.

Use a simple rule of thumb: check rates a couple of times daily and avoid large transfers during rapid market moves.

✈️ Travel budgeting💼 Cross-border invoicing💸 Remittance planning

Common EUR - TZS Conversions

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

Key drivers include eurozone monetary policy and inflation, Tanzanian policy and liquidity, the trade balance between Tanzania and Europe, price movements for commodities like coffee and gold, and global risk sentiment. All move expectations and funding costs.

Economic Context

Trading Relationship

The Eurozone and Tanzania engage in trade for machinery, vehicles, and agricultural goods. EUR payments flow to Tanzanian partners, while imports and investments are priced in EUR, influencing cash flows and project budgeting.

Key Rate Factors

•European Central Bank policy and eurozone inflation
•Bank of Tanzania monetary policy and liquidity
•Trade balance and commodity prices (coffee, gold) between Tanzania and Europe
•Political stability and business environment in both regions
•Global risk sentiment and capital movements

Central Banks

European Central Bank

Frankfurt, Germany

Sets euro-area monetary policy, aims to keep price stability, and controls interest rates and liquidity in the euro system.

Bank of Tanzania

Dodoma, Tanzania

Manages Tanzania’s monetary policy, money supply, and payment systems to maintain price stability and financial system health.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates