Convert Zambian Kwacha to Tanzanian Shilling
Convert Zambian Kwacha (ZMW) to Tanzanian Shilling (TZS) using daily updated exchange rates.
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Exchange Rate
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About Zambian Kwacha
The Zambian Kwacha (ZMW), meaning "dawn" or "freedom" in Nyanja, was redenominated in January 2013 at a rate of 1,000 old kwacha (ZMK) to 1 new kwacha (ZMW), eliminating the large denominations that had accumulated from years of inflation. The Bank of Zambia manages monetary policy. Zambia is Africa's second largest copper producer and copper accounts for the bulk of its export revenues, making the kwacha highly sensitive to global copper prices. Zambia became the first African nation to default on its debt in the post-pandemic era in 2020, and completed a debt restructuring process in 2023.
About Tanzanian Shilling
The Tanzanian Shilling (TZS) has been the official currency of Tanzania since 1966, replacing the East African shilling. The Bank of Tanzania manages monetary policy. Tanzania is one of Africa's largest and fastest growing economies, with significant revenues from tourism (safari - Serengeti, Ngorongoro Crater; Kilimanjaro; Zanzibar), gold mining, coffee, tea, cotton, and increasingly extractable natural gas reserves. The country hosts the Serengeti, one of the world's greatest wildlife spectacles, and is home to Mount Kilimanjaro, Africa's highest peak.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).