Investopedia

Continue to Site »

TZS (Tanzanian Shilling)

Filed Under » , ,
Dictionary Says

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 Says

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.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Dollarization Explained

    Find out how fledgling economies can find some stability in their currency and attract foreign investment.

  3. 6 Factors That Influence Exchange Rates

    Find out how a currency's relative value reflects a country's economic health and impacts your investment returns.

  4. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.

  5. If a country's currency is determined by the strength of its economy, why isn't the U.S. dollar worth more than the British pound?

    Generally speaking, when Country A's currency is worth more than that of Country B, it does not necessarily mean that Country A's economy is stronger than B's. For example, Japan's economy is ...

  6. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  7. Forex Market Sentiment Indicators

    Sentiment Indicators are another tool that can alert traders to extreme conditions.

  8. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  9. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  10. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Validation Period

    The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the issuance of the policy.

  2. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  3. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  5. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  6. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
Trading Center