Compare today's KES to TZS (Kenyan Shilling to Tanzanian Shilling) exchange rates
📈 Kenya to Tanzania Money Transfer Snapshot Today
- Best KES to TZS exchange rate today: TZS 20.1356, offered by Verto
- Number of money transfer providers compared: 2
- Exchange rate range: TZS 19.1227 to TZS 20.1356
- Potential savings on KES 1000: TZS 1,012.90
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real KES to TZS exchange rate before providers add their margin or fees. exchange rate: 1 KES = TZS 20.1428 (Updated about an hour ago)
See detailed Kenya to Tanzania money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's KES-TZS exchange rates mean for you
Compare today's KES-TZS exchange rates and send money from Kenya to Tanzania after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 2 providers that you can rely on for Kenya to Tanzania money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Kenya to Tanzania Providers
🥇 Verto with 1 KES = 20.1356 TZS (best KES to TZS exchange rate today).
🥈 Mukuru offering 1 KES = 19.1227 TZS.
The exchange rate provided by these 2 providers ranges from TZS 19.1227 to TZS 20.1356. For a KES 1000 money transfer from Kenya to Tanzania, that could mean up to TZS 1,012.90 saved on FX alone.
KES-TZS exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final TZS payout that your recipient gets in Tanzania.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Kenya to Tanzania remittances.
🔄 Looking for the reverse corridor? Send money from Tanzania to Kenya instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Kenya.
👇 We also suggest looking beyond today's KES-TZS exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst KES-TZS exchange rate is crucial, historical data shows that transfer fees, KES amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Kenya to Tanzania historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your TZS payout.
Data-driven cost insights for Kenya to Tanzania money transfers
When you send money internationally from Kenya to Tanzania, the key factors that will influence the overall cost of your transaction are:
- KES-TZS exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum TZS payout for your overseas recipient in Tanzania.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Kenya to Tanzania, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Kenya to Tanzania money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 407 actual Kenya to Tanzania money transfers handled by 19 providers over the last 5 years (for a KES 18000 remittance benchmark).
This data-driven approach using real KES-TZS transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Kenya to Tanzania money transfers
- Average total cost: 11.11% (range -1.10% to 35.35%, spread 36.45 percentage points)
- Potential payout difference: On a KES 18000 transfer, the above variation can save you up to KES 6,561.00.
- Average FX markup: 3.17% (range -3.52%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 20.89%, spread 24.41 percentage points) - Average transfer fee: KES 1,430.48 (range KES 0.00 to KES 6,078.90)
- Cheapest payment/delivery method combo: Credit Card → Mobile Wallet (3.61% avg cost); most expensive is Bank Account Transfer → Bank Deposit (14.01%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 10.40% (KES 1,872.32 on KES 18000 transfer).
- Market coverage: ~19 providers on average (competition level: competitive)
- Average speed: About 24 hours (~1.0 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Kenya to Tanzania money transfers.
📈 KES to TZS exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Kenya to Tanzania money transfers is usually the single biggest factor that will determine your overall KES cost and your recipient's TZS payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a KES 18000 money transfer benchmark, we see the following FX markup ranges for Kenyan Shilling to Tanzania transfers:
- Average markup: 3.17%
- Median markup: 2.87%
- Lowest markup: -3.52%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 20.89%
That is a spread of 24.41 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a KES 18000 transfer, the above markup range is equivalent to roughly TZS 4,393.80 purely from differences in the exchange rate. That incremental saving increases to TZS 10,984.50 for a KES 45000 transfer.
🛠️ How to use this insight: When comparing providers for Kenya to Tanzania remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
KES to TZS exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Kenya to Tanzania remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Kenyan Shilling reaches your recipient in Tanzania.
Based on data from last 5 years, we notice the below about Kenyan Shilling to Tanzania money transfer fees:
- Average fee: KES 1,430.48
- Median fee: KES 1,740.00
- Lowest fee: KES 0.00
- Highest fee: KES 6,078.90
The average fee amount of KES 1,430.48 noted above represents 7.95% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by KES 6,078.90.
🛠️ How to use this insight: For your next money transfer from Kenya to Tanzanian Shilling, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for KES-TZS remittances
Based on our detailed analysis of historical Kenya to Tanzania data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Tanzania from Kenya:
- Mobile Wallet: 4.90%
- Credit Card: 7.10%
- Debit Card: 7.10%
- Cash: 8.59%
- Bank Account Transfer: 13.29%
That is a total spread of 8.39 percentage points.
This means that on a KES 18000 transfer, you could save up to KES 1,510.27 simply by choosing the best priced payment method.
These savings will only multiply for higher KES amounts.
Here is the average cost of popular delivery methods used to send money from Kenya to Tanzania:
- Mobile Wallet: 5.26%
- Cash Pickup: 8.08%
- Bank Deposit: 14.01%
The cost difference between the above delivery methods is 8.75 percentage points.
Once again, this means that you could save up to KES 1,575.59 on a KES 18000 transfer to Tanzania by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Kenya payment methods and Tanzania delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Kenya to TZS money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Mobile Wallet | 3.61 |
| Debit Card | Mobile Wallet | 3.61 |
| Mobile Wallet | Cash Pickup | 4.61 |
| Cash | Mobile Wallet | 5.24 |
| Mobile Wallet | Mobile Wallet | 5.27 |
| Bank Account Transfer | Cash Pickup | 8.01 |
| Credit Card | Cash Pickup | 8.84 |
| Debit Card | Cash Pickup | 8.84 |
| Cash | Cash Pickup | 8.90 |
| Bank Account Transfer | Bank Deposit | 14.01 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these KES-TZS payment and delivery options is significant. Here are some observations:
- Credit Card → Mobile Wallet has the lowest average cost at 3.61%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 14.01%.
- Credit Card → Mobile Wallet average cost is 10.40 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a KES 18000 money transfer, you could save up to KES 2,522.12 simply by choosing the best payment and delivery method combo.
- Further, on a KES 45000 money transfer, the savings increase to KES 6,305.31.
Here is a quick summary of the average historical cost of various payment and delivery methods for KES to Tanzania money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Mobile Wallet averaged 4.90%, compared to 13.29% for Bank Account Transfer, a difference of 8.39 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 5.26%, compared to 14.01% for Bank Deposit (8.75 percentage points higher).
- Cheapest combo: Credit Card → Mobile Wallet averaged 3.61%, which is 10.40 percentage points lower than Bank Account Transfer → Bank Deposit (14.01%).
🛠️ How to use this insight: As you compare money transfer providers for your next Kenya to Tanzania international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Kenya to Tanzania remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for KES-TZS remittances?
When we compared Kenya banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 6.20 percentage points more on average than money transfer providers for Kenya to Tanzania remittances.
This means banks tend to be approximately 1.81x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | KES 1,936.81 | KES 791.94 | KES 1,144.86 |
| Exchange rate markup | 3.10% | 3.26% | -0.16 pp* |
| Average total cost (%) | 13.86% | 7.65% | 6.20 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Kenya may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Kenya, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of KES-TZS money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending KES 18000 vs KES 45000 from Kenya to Tanzania.
We found that sending a higher amount (KES 45000) tends to be cheaper - average cost drops from 11.11% to 6.81%, a reduction of 4.30 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Kenyan Shilling amounts to Tanzania, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Kenya to Tanzania remittance market?
Based on data from the last 5 years, KES-TZS money transfers are provided on an average by 19 remittance companies. With around 19 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented 63.2% of active providers in this corridor (12 out of 19), suggesting a bank-heavy market structure.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Kenya to Tanzania remittances.
⏱️ How fast are KES-TZS money transfers?
If your recipient in Tanzania needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Kenya to Tanzania transfers when it comes to processing time:
- Average transfer time: About 24 hours (~1.0 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 48 hours (~2.0 days).
- Average speed at KES 18000: About 24 hours (~1.0 days).
- Average speed at KES 45000: About 24 hours (~1.0 days).
Banks vs money transfer providers speed comparison: Banks take 24 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Kenya to Tanzania in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Tanzania.
Kenya to Tanzania transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Kenya to Tanzania money transfers
These FAQs use data from RemitFinder's historical analysis of Kenya to Tanzania money transfers over several years.
What factors affect the total cost of sending money from Kenya to Tanzania?
The total cost of your KES-TZS money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Kenya to Tanzania transfers?
Historical KES to TZS exchange rate markup ranges from -3.52% to 20.89%, a spread of 24.41 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can KES-TZS exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative KES-TZS exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Kenya to Tanzania transfers?
Exchange rate markup ranges from -3.52% to 20.89% (a spread of 24.41 percentage points).
Transfer fees range from KES 0.00 to KES 6078.90, which equals roughly 33.77% on a KES 18000.00 transfer.
At KES 18000.00, the larger driver of overall cost is the transfer fee, whilst at KES 45000.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Kenya to Tanzania transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger KES amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most TZS for your KES.
How much can Kenya to Tanzania transfer costs vary between providers?
Historical transfer cost ranges from -1.10% to 35.35% for KES transfers to Tanzania. That is a spread of 36.45 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -3.52% to 20.89% (a spread of 24.41 percentage points). Thus, even small differences in FX margin can have a big impact on the final TZS payout.
Why do various money transfer providers price KES to Tanzania transfers differently?
If you send the same Kenyan Shilling amount to Tanzania via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final TZS payout in Tanzania in a big way.
How stable are transfer costs in the Kenya to Tanzania corridor?
When we analyzed the historical total cost for KES-TZS transfers, we observed a range from -1.10% to 35.35% (36.45 percentage points difference), along with a variability (standard deviation) of 5.67%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.52% to 20.89% (24.41 percentage points difference), with a standard deviation of 2.44%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your KES-TZS transfers.
Which payment method is cheapest for Kenya to Tanzania remittances?
Mobile Wallet is the cheapest payment method in Kenya based on its average cost at 4.90% (compared to Bank Account Transfer at 13.29%, a difference of 8.39 percentage points).
Based on this, we recommend paying for your KES transfer with Mobile Wallet, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card for Kenya to Tanzania transfers?
Credit Card is cheaper on average when sending money to Tanzania from Kenya since it costs 7.10% (compared to 7.10% for Credit Card payments, a difference of 0.00 percentage points).
As a result, we recommend that you avoid paying for your transfer to Tanzania with a Credit Card.
Which delivery method is cheapest for KES-TZS money transfers?
Mobile Wallet is the cheapest delivery method in Tanzania as it costs 5.26% (compared to Bank Deposit at 14.01%, a spread of 8.75 percentage points).
If your recipient in Tanzania can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for KES-TZS transfers.
Is Bank Deposit cheaper than Cash Pickup for Kenya to Tanzania transfers?
Cash Pickup is cheaper for transfers to Tanzania given its 14.01% average cost (versus 8.08% for Cash Pickup, a difference of 5.93 percentage points).
To save more, consider choosing the cheapest delivery option for Tanzania.
What is the cheapest way to send money from Kenya to Tanzania?
We evaluated 10 payment and delivery method combinations for Kenya to Tanzania remittances.
Based on historical data, Credit Card → Mobile Wallet is the cheapest combination with 3.61% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 14.01% cost. That is a difference of 10.40 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Kenya to Tanzania remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your KES-TZS transfers.
Does sending more money reduce the cost for Kenya to Tanzania transfers?
Larger KES-TZS transfers are cheaper on average.
The cost of a KES 18000 transfer averages 11.11% as compared to 6.81% for a KES 45000 transfer, a difference of 4.30 percentage points.
How long does it take to send money from Kenya to Tanzania?
Based on our analysis, the average transfer time for KES-TZS transfers is 24 hours, with the fastest transfers completing in less than one hour and the slowest in 48 hours (~2.0 days).
Are instant transfers available from Kenya to Tanzania?
Yes, historical data shows that some transfers to Tanzania from Kenya can complete in less than one hour.
Note that the actual speed of your KES-TZS transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Kenya to Tanzania?
Banks in Kenya are more expensive than money transfer providers.
The average cost of banks is 13.86% compared to 7.65% for money transfer providers in Kenya, a difference of 6.20 percentage points.
Why do banks charge more for Kenya to Tanzania transfers?
Bank transfers in Kenya cost 13.86% compared to 7.65% for money transfer companies.
The difference is often due to the fact that banks in Kenya provider lower exchange rates and charge high wire transfer fees.
How competitive is the Kenya to Tanzania remittance market?
Based on historical data, the competition level in Kenya to Tanzania is considered competitive with 19 active providers.
Money transfer providers represent about 36.8% of identified providers in Kenya.
Do I risk overpaying if I do not compare providers for Kenya to Tanzania?
Historically, total KES-TZS transfer cost has varied by 36.45 percentage points. On a KES 18000 transfer, that can translate to KES 6561.00 in savings.
KES-TZS exchange rate markup also varies across providers. The average markup spread has been about 24.41 percentage points. On a KES 18000 transfer, that could be KES 4393.80 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about KES 6078.90 across providers.
That is why comparing providers can materially change how much of the KES you send does your recipient receive in Tanzania in Tanzania.
Latest KES to TZS Conversion Rates
Here are some latest KES to TZS (Kenyan Shilling to Tanzanian Shilling) exchange rates for popular conversion amounts*.
| 1 KES | 20.14 TZS |
| 5 KES | 100.71 TZS |
| 10 KES | 201.43 TZS |
| 25 KES | 503.57 TZS |
| 50 KES | 1,007.14 TZS |
| 100 KES | 2,014.28 TZS |
| 150 KES | 3,021.42 TZS |
| 200 KES | 4,028.56 TZS |
| 250 KES | 5,035.70 TZS |
| 300 KES | 6,042.84 TZS |
| 400 KES | 8,057.12 TZS |
| 500 KES | 10,071.40 TZS |
| 600 KES | 12,085.68 TZS |
| 700 KES | 14,099.96 TZS |
| 800 KES | 16,114.24 TZS |
| 1000 KES | 20,142.80 TZS |
| 1500 KES | 30,214.20 TZS |
| 2000 KES | 40,285.60 TZS |
| 2500 KES | 50,357.00 TZS |
| 3000 KES | 60,428.40 TZS |
| 4000 KES | 80,571.20 TZS |
| 5000 KES | 100,714.00 TZS |
| 10000 KES | 201,428.00 TZS |
| 15000 KES | 302,142.00 TZS |
| 20000 KES | 402,856.00 TZS |
| 30000 KES | 604,284.00 TZS |
| 40000 KES | 805,712.00 TZS |
| 50000 KES | 1,007,140.00 TZS |
| 100000 KES | 2,014,280.00 TZS |
*Based on the Mid-market Exchange Rate
1 Based on 407 pricing observations across 19 firms over the last 5 years for a KES 18000 money transfer from Kenya to Tanzania. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Kenya to Tanzania remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.