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Compare today's TZS to BAM (Tanzanian Shilling to Convertible Mark) exchange rates

Tanzania
Bosnia and Herzegovina
TZS

Interbank Exchange Rate: 1 TZS = 0.0008 BAM
Updated about an hour ago

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All you need to know about Tanzanian Shilling to Convertible Mark money transfers

Easily compare money transfer providers in one place to send money from Tanzania to Bosnia and Herzegovina. Send money overseas to your loved ones by comparing Tanzanian Shilling (TZS) to Convertible Mark (BAM) 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.

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 Tanzania.

Were you looking to send money from Bosnia and Herzegovina to Tanzania instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest TZS to BAM Conversion Rates

Here are some latest TZS to BAM (Tanzanian Shilling to Convertible Mark) exchange rates for popular conversion amounts*.

1 TZS0.00 BAM
5 TZS0.00 BAM
10 TZS0.01 BAM
25 TZS0.02 BAM
50 TZS0.04 BAM
100 TZS0.08 BAM
150 TZS0.12 BAM
200 TZS0.16 BAM
250 TZS0.20 BAM
300 TZS0.24 BAM
400 TZS0.32 BAM
500 TZS0.40 BAM
600 TZS0.48 BAM
700 TZS0.56 BAM
800 TZS0.64 BAM
1,000 TZS0.80 BAM
1,500 TZS1.20 BAM
2,000 TZS1.60 BAM
2,500 TZS2.00 BAM
3,000 TZS2.40 BAM
4,000 TZS3.20 BAM
5,000 TZS4.00 BAM
10,000 TZS8.00 BAM
15,000 TZS12.00 BAM
20,000 TZS16.00 BAM
30,000 TZS24.00 BAM
40,000 TZS32.00 BAM
50,000 TZS40.00 BAM
100,000 TZS80.00 BAM

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Bosnia and Herzegovina from Tanzania?

With the global remittance market booming, there are so many choices for Tanzanian Shilling to BAM money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Bosnia and Herzegovina from Tanzania. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final BAM amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from Tanzania to Bosnia and Herzegovina?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Bosnia and Herzegovina from Tanzania. 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 TZS to Convertible Mark 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 Tanzania to Bosnia and Herzegovina corridor to give you more good choices for your next BAM money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to transfer money from Tanzania to Bosnia and Herzegovina?

When you want to send money to Bosnia and Herzegovina from Tanzania, you obviously want the cheapest possible option to maximize the money your recipient gets in Convertible Mark. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your TZS to BAM money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Tanzania to Bosnia and Herzegovina. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Tanzania to Bosnia and Herzegovina exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Convertible Mark overseas.


Should I use my bank to send money from Tanzania to Bosnia and Herzegovina?

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 TZS to BAM 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 Tanzania to Bosnia and Herzegovina 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 Bosnia and Herzegovina from Tanzania. They do this by letting you fund your transaction through your local bank account in Tanzania, and by allowing you to choose the payout to be your recipient's bank account in Bosnia and Herzegovina. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to Bosnia and Herzegovina from Tanzania?

If you need to convert TZS to BAM as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Tanzania to Bosnia and Herzegovina could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Tanzanian Shilling to Convertible Mark funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Bosnia and Herzegovina.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Tanzania to Bosnia and Herzegovina. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money to Bosnia and Herzegovina from Tanzania?

Tanzania to Bosnia and Herzegovina money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Bosnia and Herzegovina as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Tanzanian Shilling to Convertible Mark money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Tanzania to Bosnia and Herzegovina

The first step to send money to Bosnia and Herzegovina from Tanzania is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your TZS to BAM overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Bosnia and Herzegovina if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Tanzania bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Bosnia and Herzegovina!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Tanzania to Bosnia and Herzegovina.