Convert Australian Dollar to Tanzanian Shilling
Please provide values below to convert Australian Dollar [AUD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Australian Dollar.
How to Convert Australian Dollar to Tanzanian Shilling
1 AUD = 0.000594991395736512 TZS
Example: convert 15 AUD to TZS:
15 AUD = 15 × 0.000594991395736512 TZS = 0.00892487093604768 TZS
Australian Dollar to Tanzanian Shilling Conversion Table
| Australian Dollar | Tanzanian Shilling |
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.