Compare today's BMD to TZS (Bermudian Dollar to Tanzanian Shilling) exchange rates
Interbank Exchange Rate: 1 BMD = 2,572.5000 TZS
Updated about an hour ago
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All you need to know about Bermudian Dollar to Tanzanian Shilling money transfers
Easily compare money transfer providers in one place to send money from Bermuda to Tanzania. Send money overseas to your loved ones by comparing Bermudian Dollar (BMD) to Tanzanian Shilling (TZS) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.
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Latest BMD to TZS Conversion Rates
Here are some latest BMD to TZS (Bermudian Dollar to Tanzanian Shilling) exchange rates for popular conversion amounts*.
| 1 BMD | 2,572.50 TZS |
| 5 BMD | 12,862.50 TZS |
| 10 BMD | 25,725.00 TZS |
| 25 BMD | 64,312.50 TZS |
| 50 BMD | 128,625.00 TZS |
| 100 BMD | 257,250.00 TZS |
| 150 BMD | 385,875.00 TZS |
| 200 BMD | 514,500.00 TZS |
| 250 BMD | 643,125.00 TZS |
| 300 BMD | 771,750.00 TZS |
| 400 BMD | 1,029,000.00 TZS |
| 500 BMD | 1,286,250.00 TZS |
| 600 BMD | 1,543,500.00 TZS |
| 700 BMD | 1,800,750.00 TZS |
| 800 BMD | 2,058,000.00 TZS |
| 1,000 BMD | 2,572,500.00 TZS |
| 1,500 BMD | 3,858,750.00 TZS |
| 2,000 BMD | 5,145,000.00 TZS |
| 2,500 BMD | 6,431,250.00 TZS |
| 3,000 BMD | 7,717,500.00 TZS |
| 4,000 BMD | 10,290,000.00 TZS |
| 5,000 BMD | 12,862,500.00 TZS |
| 10,000 BMD | 25,725,000.00 TZS |
| 15,000 BMD | 38,587,500.00 TZS |
| 20,000 BMD | 51,450,000.00 TZS |
| 30,000 BMD | 77,175,000.00 TZS |
| 40,000 BMD | 102,900,000.00 TZS |
| 50,000 BMD | 128,625,000.00 TZS |
| 100,000 BMD | 257,250,000.00 TZS |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Bermuda to Tanzania?
Sending money internationally to Tanzania from Bermuda can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Bermudian Dollar to TZS remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Tanzania. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Tanzanian Shilling.
How to get the best remit rate for transferring money from Bermuda to Tanzania?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Tanzania from Bermuda. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your BMD to Tanzanian Shilling money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Bermuda to Tanzania corridor to give you more good choices for your next TZS money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to send money from Bermuda to Tanzania?
Finding the cheapest way to send money from Bermuda to Tanzania might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer BMD to TZS via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Bermuda to Tanzania exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
How to send money to Tanzania from Bermuda through a bank?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low BMD to TZS exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Bermuda to Tanzania money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Tanzania from Bermuda. They do this by letting you fund your transaction through your local bank account in Bermuda, and by allowing you to choose the payout to be your recipient's bank account in Tanzania. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to transfer money from Bermuda to Tanzania?
The speed of your Bermudian Dollar to Tanzanian Shilling funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert BMD to TZS. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to Tanzania from Bermuda is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Tanzania if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout TZS into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Bermuda bank to Tanzania bank transfer.
Which are the best money transfer companies to send money from Bermuda to Tanzania?
Comparing money transfer companies for sending money to Tanzania from Bermuda can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Tanzania. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Bermudian Dollar to Tanzanian Shilling transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?
Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Tanzanian Shilling yield on every Bermudian Dollar that you send.
Step by step guide to transfer money to Tanzania from Bermuda
Follow the below easy steps to send money to Tanzania from Bermuda.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Bermuda bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Tanzania).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.