1 TZS to NGN - Convert Tanzanian Shilling to Nigerian Naira

Looking at the 30-day window, the TZS/NGN pair traded in a range of 0.512400 to 0.539800. The monthly average was 0.525249 with 1.77% volatility. The relatively low volatility indicates stable trading conditions for the TZS/NGN currency pair.

The current mid-market exchange rate is 1 TZS = 0.523863 NGN, updated as of July 3, 2026, 6:28 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 Nigerian Naira Exchange Rate

The TZS/NGN exchange rate tells you how many Nigerian Naira (NGN) you receive for every Tanzanian Shilling (TZS). At the current mid-market rate of 1 TZS = 0.523863 NGN, 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.

What Affects the TZS to NGN Rate

Exchange rates between Tanzanian Shilling and Nigerian Naira are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the TZS/NGN rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best TZS to NGN 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.

Tanzanian Shilling Overview

The Tanzanian Shilling (TZS) is the official currency of Tanzania. Tourism (Kilimanjaro, Serengeti, Zanzibar) and gold mining are the country's top foreign exchange sources. Understanding the fundamentals behind TZS helps contextualize its exchange rate movements against NGN and other currencies.

Nigerian Naira Overview

The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's largest economy. Oil exports, remittances, and the recent rate unification have shaped the naira's evolving exchange rate regime. The NGN exchange rate against TZS reflects relative economic conditions between the two currency areas.

Reverse Rate: NGN to TZS

The reverse exchange rate is 1 NGN = 1.9089 TZS. This is useful if you are starting with Nigerian Naira and want to know how much Tanzanian Shilling you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated NGN to TZS converter for the reverse direction.