Tanzania Forex Update: Exchange Rates Week 36, 2020

On 7^th of September, the BoT reported the mean exchange rates for the Tanzanian shilling (TZS) against major currencies: USD/TZS 2,297.6, GBP/TZS 3,050.1, EUR/TZS 2,722.7, CNY/TZS 336, RWF/TZS 2.37, and KES/TZS 21.22.

During week 36 of 2020, from Monday, 31st of August to Friday, 4th of September, the pairs fluctuated as follows:

• The US dollar remained steady at 2,297.6 against the Tanzanian shilling
• The British pound depreciated by 0.42%, from 3,059.5 to 3,046.7
• The Euro depreciated by 0.80%, from 2,737.6 to 2,715.8
• The Chinese yuan appreciated by 0.33%, from 334.8 to 335.9
• The Rwandan frank remained steady at 2.37 against the Tanzanian shilling
• The Kenyan shilling depreciated by 0.05%, from 21.22 to 21.21

From the beginning of 2020, the pairs fluctuated as follows:

• The US dollar appreciated by 0.39%, from 2,288.6 to 2,297.6
• The British pound appreciated by 0.93%, from 3,018.6 to 3,046.7
• The Euro appreciated by 5.67%, from 2,570.1 to 2,715.8
• The Chinese yuan appreciated by 1.46%, from 328.8 to 335.9
• The Rwandan frank depreciated by 1.66%, from 2.41 to 2.37
• The Kenyan shilling depreciated by 6.07%, from 22.58 to 21.21.

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