Tanzania has over  40,000 people living in US, and its diaspora community sends more than   $700 million back home each year.   This  community  not only contributes to  Tanzania's economy but also  works tirelessly to improve the lives of their loved ones. As a result, it's important to have a hassle-free and secure platform to send foreign currencies, which is where Grey comes in.

With Grey, Tanzanians abroad can easily covert and send USD to TZS to their family and friends in Tanzania.

In this article we will provide a  step-by-step guide on how you can easily convert and send USD to TZS in Tanzania with Grey.

Related: How to open a foreign bank account in Tanzania for free.

Why   Grey is the best platform for  USD to TZS transfers?

While many platforms offer currency swaps, Grey stands out for several reasons:

• Easy account top-ups: You can easily fund your USD balance. Grey provides free US bank accounts, making it easy to deposit funds directly.
• Fast conversions: Swap USD for TZS in less than a minute. Everything happens Grey, and your  TZS equivalent is instantly available in your Grey account.
• Direct transfers to Mobile Money:  With just the recipient's phone number, you can send your converted TZS to Tigopesa, Mpesa or Airtel Money.
• Competitive rates: Enjoy the best market rates with no hidden fees.  Plus, you can always check the exchange rate before starting a transaction.

Related: How to send money to Tanzania accounts and M pesa.

What are the exchange rates for USD to TZS online?

Exchange rates often fluctuate due to several reasons so we've created a   special currency converter for you.

Related: Five major factors that determine foreign exchange rates.

Step-by-step guide to converting USD to TZS on Grey

Ready to convert USD to TZS on Grey? Here's how

On web

• Log in to your account.

• Proceed to “Accounts” and select a USD balance.

• Click the convert icon, fill out the requested details, and follow the prompt.

On mobile

• Login to your Grey account

• On the homepage, select USD balance.

• Click “convert”

• Select the balance of the currency you want to convert from, from this case it should be USD to TZS.

Whether you need to convert your USD to TZS for business transactions or send it to loved ones in Tanzania, we recommend using Grey. Create your free account today to enjoy the best exchange rates and seamless transactions.