TZS (Tanzanian Shilling)

AAA

DEFINITION of 'TZS (Tanzanian Shilling)'

The currency abbreviation for the Tanzanian shilling (TZS), the currency for Tanzania. The Tanzanian shilling is made up of 100 senti (Swahili for cents), and is often presented in the form x/y. In the x/y form, the x is the amount in shillings and y is the amount in senti.

For example 25 shillings would be written as "25/-" or "25/=", while 25 senti would be written as "-/25" or "=/25".

INVESTOPEDIA EXPLAINS 'TZS (Tanzanian Shilling)'

The Tanzanian shilling, or shilingi in Swahili, is the currency of Tanzania, even though the use of the U.S. dollar is widespread. The Tanzania shilling has been in use since 1966, when it replaced the East African shilling at a rate of 1:1.

RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper ...
  2. Forex - FX

    The market in which currencies are traded. The forex market is ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  4. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. Forex Futures

    An exchange-traded contract to buy or sell a specified amount ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Currency Exchange: Floating Rate Vs. ...
    Forex Education

    Currency Exchange: Floating Rate Vs. ...

  3. Dollarization Explained
    Forex Education

    Dollarization Explained

  4. 6 Factors That Influence Exchange Rates
    Bonds & Fixed Income

    6 Factors That Influence Exchange Rates

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center