1 TZS to IQD - Convert Tanzanian Shilling to Iraqi Dinar

Looking at the 30-day window, the TZS/IQD pair traded in a range of 0.485500 to 0.516500. The monthly average was 0.500161 with 1.8% volatility. The relatively low volatility indicates stable trading conditions for the TZS/IQD currency pair.

The current mid-market exchange rate is 1 TZS = 0.498257 IQD, updated as of July 3, 2026, 6:22 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Tanzanian Shilling to Iraqi Dinar Exchange Rate

The TZS/IQD exchange rate tells you how many Iraqi Dinar (IQD) you receive for every Tanzanian Shilling (TZS). At the current mid-market rate of 1 TZS = 0.498257 IQD, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the TZS/IQD Conversion

Converting Tanzanian Shilling to Iraqi Dinar involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

How to Get the Best TZS to IQD Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Using the TZS/IQD Calculator

The free calculator at the top of this page converts any amount between Tanzanian Shilling and Iraqi Dinar instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse IQD/TZS rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. The IQD exchange rate against TZS reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 TZS = 0.498257 IQD shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.