Official exchange rate in Tanzania
Tanzania: Official exchange rate was 2,598 LCU per US$, period average in 2024. ◆ Volatile
Official exchange rate in Tanzania, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Tanzania recorded 2,598 LCU per US$, period average for official exchange rate in 2024. That is the highest value across all 65 years on record.
The figure is up 9.0% on the previous year and up 57.1% over ten years.
Over the whole period, official exchange rate in Tanzania peaked at 2,598 LCU per US$, period average in 2024 and was at its lowest, 7.02 LCU per US$, period average, in 1973.
Tanzania ranks 18th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.14 LCU per US$, period average | 7.14 LCU per US$, period average | 7.14 LCU per US$, period average | 10 |
| 1970s | 7.55 LCU per US$, period average | 7.02 LCU per US$, period average | 8.38 LCU per US$, period average | 10 |
| 1980s | 40.93 LCU per US$, period average | 8.2 LCU per US$, period average | 143.38 LCU per US$, period average | 10 |
| 1990s | 480.31 LCU per US$, period average | 195.06 LCU per US$, period average | 744.76 LCU per US$, period average | 10 |
| 2000s | 1,091 LCU per US$, period average | 800.41 LCU per US$, period average | 1,320 LCU per US$, period average | 10 |
| 2010s | 1,872 LCU per US$, period average | 1,396 LCU per US$, period average | 2,288 LCU per US$, period average | 10 |
| 2020s | 2,375 LCU per US$, period average | 2,294 LCU per US$, period average | 2,598 LCU per US$, period average | 5 |
Countries ranked near Tanzania
- 15 Mongolia 3,545 LCU per US$, period average compare
- 16 Burundi 2,943 LCU per US$, period average compare
- 17 Democratic Republic of Congo 2,693 LCU per US$, period average compare
- 19 Syria 2,506 LCU per US$, period average compare
- 20 South Sudan 2,163 LCU per US$, period average compare
- 21 Nigeria 1,518 LCU per US$, period average compare
More financial sector data for Tanzania
- Net migration -12,730 (2025)
- Total reserves in months of imports 5.39 (2018)
- Net domestic credit 47.56 trillion current LCU (2024)
- Domestic credit to private sector by banks 16.6% (2024)
- Broad money 23.4% (2023)
- Net foreign assets 10.56 trillion current LCU (2024)
- Monetary Sector credit to private sector 16.7% (2024)
- Domestic credit to private sector 16.7% (2024)
- Claims on central government, etc. 5.6% (2024)
- Claims on central government 0.2% (2024)
Frequently asked questions
- What is official exchange rate in Tanzania?
- Official exchange rate in Tanzania was 2,598 LCU per US$, period average in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Tanzania?
- The highest recorded value was 2,598 LCU per US$, period average in 2024.
- What is the lowest official exchange rate recorded in Tanzania?
- The lowest recorded value was 7.02 LCU per US$, period average in 1973.
- How does Tanzania rank for official exchange rate?
- Tanzania ranks 18th out of 214 countries with data for 2024.
- Is official exchange rate rising or falling in Tanzania?
- Over the last ten years it is up 57.1%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.