Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's TZS to EUR (Tanzanian Shilling to Euro) exchange rates

Tanzania
Luxembourg
TZS
Interbank Exchange Rate: 1 TZS = 0.0004 EUR
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 TZS =
0.40 EUR
Transfer Limit (TZS): No Limits
Indicative Rate1 TZS = 0.0004 EUR

📢 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.





All you need to know about Tanzanian Shilling to Euro money transfers

Easily compare money transfer providers in one place to send money from Tanzania to Luxembourg. Send money overseas to your loved ones by comparing Tanzanian Shilling (TZS) to Euro (EUR) 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.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Tanzania to Luxembourg.

The best rate to send Euro from Tanzanian Shilling to your loved ones in Luxembourg is currently offered by Verto; their 1 TZS to EUR exchange rate today is 0.0004.

Were you looking to send money from Luxembourg to Tanzania instead?

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.

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.


Latest TZS to EUR Conversion Rates

Here are some latest TZS to EUR (Tanzanian Shilling to Euro) exchange rates for popular conversion amounts*.

1 TZS0.00 EUR
5 TZS0.00 EUR
10 TZS0.00 EUR
25 TZS0.01 EUR
50 TZS0.02 EUR
100 TZS0.04 EUR
150 TZS0.06 EUR
200 TZS0.08 EUR
250 TZS0.10 EUR
300 TZS0.12 EUR
400 TZS0.16 EUR
500 TZS0.20 EUR
600 TZS0.24 EUR
700 TZS0.28 EUR
800 TZS0.32 EUR
1,000 TZS0.40 EUR
1,500 TZS0.60 EUR
2,000 TZS0.80 EUR
2,500 TZS1.00 EUR
3,000 TZS1.20 EUR
4,000 TZS1.60 EUR
5,000 TZS2.00 EUR
10,000 TZS4.00 EUR
15,000 TZS6.00 EUR
20,000 TZS8.00 EUR
30,000 TZS12.00 EUR
40,000 TZS16.00 EUR
50,000 TZS20.00 EUR
100,000 TZS40.00 EUR

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


What's the best way to do Tanzania to Luxembourg money transfers?

With the global remittance market booming, there are so many choices for Tanzanian Shilling to EUR 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 Luxembourg 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 EUR 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 your money transfers from Tanzania to Luxembourg?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your TZS to Euro money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Tanzania to Luxembourg. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for TZS to EUR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Luxembourg from Tanzania?

When you want to send money to Luxembourg from Tanzania, you obviously want the cheapest possible option to maximize the money your recipient gets in Euro. 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 EUR 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 Luxembourg. 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 Luxembourg 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 Euro overseas.


Should I use my bank to transfer money from Tanzania to Luxembourg?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Tanzania to Luxembourg money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like TZS to EUR transfers.

Given this, there are umpteen additional options to send money to Luxembourg instead of just your Tanzania bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Tanzanian Shilling even more so that your recipient in Luxembourg gets the maximum amount.


How to send money from Tanzania to Luxembourg fast?

If you need to convert TZS to EUR 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 Luxembourg 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 Euro 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 Luxembourg.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Tanzania to Luxembourg. 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 send money from Tanzania to Luxembourg?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Tanzania to Luxembourg, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Tanzanian Shilling to Euro exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your EUR money transfers to Luxembourg. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Luxembourg getting more money for every Tanzanian Shilling you send.


Step by step guide to send money to Luxembourg from Tanzania

With so many possible ways to transfer Tanzanian Shilling to Euro, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Tanzania to Luxembourg remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Tanzania and the receiver in Luxembourg. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your TZS to Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.