TZS (Tanzanian Shilling)

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".

BREAKING DOWN '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. UGX (Ugandan Shilling)

    The currency abbreviation for the Ugandan shilling (UGX), the ...
  2. KES (Kenyan Shilling)

    The currency abbreviation or currency symbol for the Kenyan shilling ...
  3. KES

    The currency abbreviation or currency symbol for the Kenyan shilling ...
  4. SOS (Somaliland Shilling)

    The currency abbreviation for the Somaliland shilling (SOS), ...
  5. BSD (Bahamian Dollar)

    The currency abbreviation or currency symbol for the Bahamian ...
  6. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
Related Articles
  1. Stock Analysis

    How to Pick the Best Stocks? Listen to Customers (AMZN, PZZA)

    Rated top in customer service, these companies have delivered impressive stock performance over the past year.
  2. Investing News

    How Low Can Oil Go?

    Despite recent spikes, oil will likely move lower over the next year. But how low can it go?
  3. Stock Analysis

    Consumer Defensive Stocks: Are These 2016's Best?

    These eight consumer defensive stocks meet strict objective parameters for top-tier investment potential in 2016.
  4. Investing

    Are High-Multiple Tech Stocks Winners or Losers?

    Are high-multiple tech stocks a good investment right now?
  5. Forex Education

    The History Of Money: Currency Wars

    Find out how conflicts have changed the role money plays in our lives.
  6. Investing

    10 Companies With No Debt (DOX,NHTC,PAYX)

    These 10 companies have no debt, a big positive in today's economic environment. Three stand out above the rest.
  7. Forex Education

    Understanding The Spread in Retail Currency Exchange Rates

    Understanding how exchange rates are calculated and shopping around for the best rates may mitigate the effect of wide spreads in the retail forex market.
  8. Forex Education

    Forex Tutorial: Reading a Forex Quote and Understanding the Jargon

    One of the biggest sources of confusion for those new to the currency market is the standard for quoting currencies. In this section, we'll go over currency quotations and how they work in ...
  9. Bonds & Fixed Income

    Getting Certificates of Deposit (CDs) in Emerging Markets: Risks and Rewards

    Learn about the risks and rewards associated with investing in a certificate of deposit (CD) offered by an emerging market and what to consider before buying.
  10. Forex Education

    What is an Indirect Quote?

    An indirect quote expresses the amount of foreign currency required to buy or sell one unit of the domestic currency in the foreign exchange markets.
RELATED FAQS
  1. How can you find the demand function from the utility function?

    Learn about how the utility function can be used to derive the demand function, and how both of these concepts relate to ... Read Answer >>
  2. Which of the following statements regarding the performance of a mutual fund would ...

    The correct answer is B) A mutual fund may only use past performance in illustrations or presentations. Representations regarding ... Read Answer >>
  3. Why do forex traders use a currency converter?

    All currencies are quoted in pairs - one country's currency against another country's currency. A currency converter is used ... Read Answer >>
  4. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  5. How do you calculate r-squared in Excel?

    Calculate R-squared in Microsoft Excel by creating two data ranges to correlate. Use the Correlate formula to correlate both ... Read Answer >>
  6. Why isn't the EUR/USD currency pair quoted as USD/EUR?

    In a currency pair, the first currency in the pair is called the base currency and the second is called the quote currency. ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center