Compare today's TZS to KES (Tanzanian Shilling to Kenyan Shilling) exchange rates
📈 Tanzania to Kenya Money Transfer Snapshot Today
- Best TZS to KES exchange rate today: KES 0.0486, offered by Verto
- Number of money transfer providers compared: 1
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real TZS to KES exchange rate before providers add their margin or fees. exchange rate: 1 TZS = KES 0.0500 (Updated about an hour ago)
See detailed Tanzania to Kenya money transfer comparison below.
Money Transfer Providers that matched the search criteria
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💡What today's TZS-KES exchange rates mean for you
Compare today's TZS-KES exchange rates and send money from Tanzania to Kenya 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 1 provider that you can rely on for Tanzania to Kenya money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Tanzania to Kenya Providers
🥇 Verto with 1 TZS = 0.0486 KES (best TZS to KES exchange rate today).
TZS-KES exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final KES payout that your recipient gets in Kenya.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Tanzania to Kenya remittances.
🔄 Looking for the reverse corridor? Send money from Kenya to Tanzania 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 Tanzania.
👇 We also suggest looking beyond today's TZS-KES exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst TZS-KES exchange rate is crucial, historical data shows that transfer fees, TZS amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Tanzania to Kenya historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your KES payout.
Data-driven cost insights for Tanzania to Kenya money transfers
When you send money internationally from Tanzania to Kenya, the key factors that will influence the overall cost of your transaction are:
- TZS-KES exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum KES payout for your overseas recipient in Kenya.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Tanzania to Kenya, 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 Tanzania to Kenya money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 187 actual Tanzania to Kenya money transfers handled by 11 providers over the last 5 years (for a TZS 324500 remittance benchmark).
This data-driven approach using real TZS-KES 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 Tanzania to Kenya money transfers
- Average total cost: 36.33% (range 0.80% to 91.77%, spread 90.97 percentage points)
- Potential payout difference: On a TZS 324500 transfer, the above variation can save you up to TZS 295,197.65.
- Average FX markup: 9.11% (range -1.55%
ⓘ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 29.00%, spread 30.55 percentage points) - Average transfer fee: TZS 88,350.16 (range TZS 0.00 to TZS 246,420.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Cash Pickup (5.90% avg cost); most expensive is Bank Account Transfer → Bank Deposit (57.77%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 51.87% (TZS 168,313.61 on TZS 324500 transfer).
- Market coverage: ~11 providers on average (competition level: competitive)
- Average speed: About 12 hours
🛠️ 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 Tanzania to Kenya money transfers.
📈 TZS to KES exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Tanzania to Kenya money transfers is usually the single biggest factor that will determine your overall TZS cost and your recipient's KES 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 TZS 324500 money transfer benchmark, we see the following FX markup ranges for Tanzanian Shilling to Kenya transfers:
- Average markup: 9.11%
- Median markup: 6.82%
- Lowest markup: -1.55%
ⓘ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: 29.00%
That is a spread of 30.55 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a TZS 324500 transfer, the above markup range is equivalent to roughly KES 99,134.75 purely from differences in the exchange rate. That incremental saving increases to KES 247,760.50 for a TZS 811000 transfer.
🛠️ How to use this insight: When comparing providers for Tanzania to Kenya 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.
TZS to KES 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 Tanzania to Kenya 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 Tanzanian Shilling reaches your recipient in Kenya.
Based on data from last 5 years, we notice the below about Tanzanian Shilling to Kenya money transfer fees:
- Average fee: TZS 88,350.16
- Median fee: TZS 95,727.50
- Lowest fee: TZS 0.00
- Highest fee: TZS 246,420.00
The average fee amount of TZS 88,350.16 noted above represents 27.23% 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 TZS 246,420.00.
🛠️ How to use this insight: For your next money transfer from Tanzania to Kenyan 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 TZS-KES remittances
Based on our detailed analysis of historical Tanzania to Kenya 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 Kenya from Tanzania:
- Mobile Wallet: 7.09%
- Cash: 9.16%
- Bank Account Transfer: 50.96%
That is a total spread of 43.88 percentage points.
This means that on a TZS 324500 transfer, you could save up to TZS 142,382.49 simply by choosing the best priced payment method.
These savings will only multiply for higher TZS amounts.
Here is the average cost of popular delivery methods used to send money from Tanzania to Kenya:
- Mobile Wallet: 7.09%
- Cash Pickup: 8.68%
- Bank Deposit: 57.77%
The cost difference between the above delivery methods is 50.68 percentage points.
Once again, this means that you could save up to TZS 164,456.60 on a TZS 324500 transfer to Kenya by choosing Mobile Wallet versus Bank Deposit.
As you can imagine, the possible combinations of Tanzania payment methods and Kenya 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 Tanzania to KES money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Cash Pickup | 5.90 |
| Mobile Wallet | Mobile Wallet | 7.09 |
| Cash | Cash Pickup | 9.16 |
| Bank Account Transfer | Bank Deposit | 57.77 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these TZS-KES payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Cash Pickup has the lowest average cost at 5.90%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 57.77%.
- Bank Account Transfer → Cash Pickup average cost is 51.87 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a TZS 324500 money transfer, you could save up to TZS 187,449.05 simply by choosing the best payment and delivery method combo.
- Further, on a TZS 811000 money transfer, the savings increase to TZS 468,478.21.
Here is a quick summary of the average historical cost of various payment and delivery methods for TZS to Kenya money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Mobile Wallet averaged 7.09%, compared to 50.96% for Bank Account Transfer, a difference of 43.88 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 7.09%, compared to 57.77% for Bank Deposit (50.68 percentage points higher).
- Cheapest combo: Bank Account Transfer → Cash Pickup averaged 5.90%, which is 51.87 percentage points lower than Bank Account Transfer → Bank Deposit (57.77%).
🛠️ How to use this insight: As you compare money transfer providers for your next Tanzania to Kenya 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 Tanzania to Kenya remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for TZS-KES remittances?
When we compared Tanzania banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 49.48 percentage points more on average than money transfer providers for Tanzania to Kenya remittances.
This means banks tend to be approximately 6.97x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | TZS 148,474.58 | TZS 9,668.82 | TZS 138,805.76 |
| Exchange rate markup | 12.01% | 5.30% | 6.71 pp* |
| Average total cost (%) | 57.77% | 8.28% | 49.48 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Tanzania 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 Tanzania, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of TZS-KES money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending TZS 324500 vs TZS 811000 from Tanzania to Kenya.
We found that sending a higher amount (TZS 811000) tends to be cheaper - average cost drops from 36.33% to 21.01%, a reduction of 15.32 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 Tanzanian Shilling amounts to Kenya, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Tanzania to Kenya remittance market?
Based on data from the last 5 years, TZS-KES money transfers are provided on an average by 11 remittance companies. With around 11 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented 63.6% of active providers in this corridor (7 out of 11), 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 Tanzania to Kenya remittances.
⏱️ How fast are TZS-KES money transfers?
If your recipient in Kenya needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Tanzania to Kenya transfers when it comes to processing time:
- Average transfer time: About 12 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at TZS 324500: About 12 hours.
- Average speed at TZS 811000: About 12 hours.
Banks vs money transfer providers speed comparison: Banks take 17 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Tanzania to Kenya 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 Kenya.
Tanzania to Kenya 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 Tanzania to Kenya money transfers
These FAQs use data from RemitFinder's historical analysis of Tanzania to Kenya money transfers over several years.
What factors affect the total cost of sending money from Tanzania to Kenya?
The total cost of your TZS-KES 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 Tanzania to Kenya transfers?
Historical TZS to KES exchange rate markup ranges from -1.55% to 29.00%, a spread of 30.55 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can TZS-KES 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 TZS-KES 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 Tanzania to Kenya transfers?
Exchange rate markup ranges from -1.55% to 29.00% (a spread of 30.55 percentage points).
Transfer fees range from TZS 0.00 to TZS 246420.00, which equals roughly 75.94% on a TZS 324500.00 transfer.
At TZS 324500.00, the larger driver of overall cost is the transfer fee, whilst at TZS 811000.00, 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 Tanzania to Kenya transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger TZS 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 KES for your TZS.
How much can Tanzania to Kenya transfer costs vary between providers?
Historical transfer cost ranges from 0.80% to 91.77% for TZS transfers to Kenya. That is a spread of 90.97 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 -1.55% to 29.00% (a spread of 30.55 percentage points). Thus, even small differences in FX margin can have a big impact on the final KES payout.
Why do various money transfer providers price TZS to Kenya transfers differently?
If you send the same Tanzanian Shilling amount to Kenya 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 KES payout in Kenya in a big way.
How stable are transfer costs in the Tanzania to Kenya corridor?
When we analyzed the historical total cost for TZS-KES transfers, we observed a range from 0.80% to 91.77% (90.97 percentage points difference), along with a variability (standard deviation) of 28.97%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -1.55% to 29.00% (30.55 percentage points difference), with a standard deviation of 6.84%. 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 TZS-KES transfers.
Which payment method is cheapest for Tanzania to Kenya remittances?
Mobile Wallet is the cheapest payment method in Tanzania based on its average cost at 7.09% (compared to Bank Account Transfer at 50.96%, a difference of 43.88 percentage points).
Based on this, we recommend paying for your TZS transfer with Mobile Wallet, and avoiding Bank Account Transfer if possible.
Which delivery method is cheapest for TZS-KES money transfers?
Mobile Wallet is the cheapest delivery method in Kenya as it costs 7.09% (compared to Bank Deposit at 57.77%, a spread of 50.68 percentage points).
If your recipient in Kenya can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for TZS-KES transfers.
Is Bank Deposit cheaper than Cash Pickup for Tanzania to Kenya transfers?
Cash Pickup is cheaper for transfers to Kenya given its 57.77% average cost (versus 8.68% for Cash Pickup, a difference of 49.09 percentage points).
To save more, consider choosing the cheapest delivery option for Kenya.
What is the cheapest way to send money from Tanzania to Kenya?
We evaluated 4 payment and delivery method combinations for Tanzania to Kenya remittances.
Based on historical data, Bank Account Transfer → Cash Pickup is the cheapest combination with 5.90% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 57.77% cost. That is a difference of 51.87 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Tanzania to Kenya remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your TZS-KES transfers.
Does sending more money reduce the cost for Tanzania to Kenya transfers?
Larger TZS-KES transfers are cheaper on average.
The cost of a TZS 324500 transfer averages 36.33% as compared to 21.01% for a TZS 811000 transfer, a difference of 15.32 percentage points.
How long does it take to send money from Tanzania to Kenya?
Based on our analysis, the average transfer time for TZS-KES transfers is 12 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Tanzania to Kenya?
Yes, historical data shows that some transfers to Kenya from Tanzania can complete in less than one hour.
Note that the actual speed of your TZS-KES transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Tanzania to Kenya?
Banks in Tanzania are more expensive than money transfer providers.
The average cost of banks is 57.77% compared to 8.28% for money transfer providers in Tanzania, a difference of 49.48 percentage points.
Why do banks charge more for Tanzania to Kenya transfers?
Bank transfers in Tanzania cost 57.77% compared to 8.28% for money transfer companies.
The difference is often due to the fact that banks in Tanzania provider lower exchange rates and charge high wire transfer fees.
How competitive is the Tanzania to Kenya remittance market?
Based on historical data, the competition level in Tanzania to Kenya is considered competitive with 11 active providers.
Money transfer providers represent about 36.4% of identified providers in Tanzania.
Do I risk overpaying if I do not compare providers for Tanzania to Kenya?
Historically, total TZS-KES transfer cost has varied by 90.97 percentage points. On a TZS 324500 transfer, that can translate to TZS 295197.65 in savings.
TZS-KES exchange rate markup also varies across providers. The average markup spread has been about 30.55 percentage points. On a TZS 324500 transfer, that could be TZS 99134.75 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about TZS 246420.00 across providers.
That is why comparing providers can materially change how much of the TZS you send does your recipient receive in Kenya in Kenya.
Latest TZS to KES Conversion Rates
Here are some latest TZS to KES (Tanzanian Shilling to Kenyan Shilling) exchange rates for popular conversion amounts*.
| 1 TZS | 0.05 KES |
| 5 TZS | 0.25 KES |
| 10 TZS | 0.50 KES |
| 25 TZS | 1.25 KES |
| 50 TZS | 2.50 KES |
| 100 TZS | 5.00 KES |
| 150 TZS | 7.50 KES |
| 200 TZS | 10.00 KES |
| 250 TZS | 12.50 KES |
| 300 TZS | 15.00 KES |
| 400 TZS | 20.00 KES |
| 500 TZS | 25.00 KES |
| 600 TZS | 30.00 KES |
| 700 TZS | 35.00 KES |
| 800 TZS | 40.00 KES |
| 1000 TZS | 50.00 KES |
| 1500 TZS | 75.00 KES |
| 2000 TZS | 100.00 KES |
| 2500 TZS | 125.00 KES |
| 3000 TZS | 150.00 KES |
| 4000 TZS | 200.00 KES |
| 5000 TZS | 250.00 KES |
| 10000 TZS | 500.00 KES |
| 15000 TZS | 750.00 KES |
| 20000 TZS | 1,000.00 KES |
| 30000 TZS | 1,500.00 KES |
| 40000 TZS | 2,000.00 KES |
| 50000 TZS | 2,500.00 KES |
| 100000 TZS | 5,000.00 KES |
*Based on the Mid-market Exchange Rate
1 Based on 187 pricing observations across 11 firms over the last 5 years for a TZS 324500 money transfer from Tanzania to Kenya. 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 Tanzania to Kenya 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.