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

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

Tanzania
Spain
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 Spain. 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.

When making a money transfer to Spain from Tanzania, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Spain and their 1 TZS to EUR exchange rate today is 0.0004.

Were you looking to send money from Spain 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 Spain money transfers?

There are many good choices when it comes to sending money from Tanzania to Spain. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Tanzanian Shilling to EUR money transfers.

We compare different remittance companies to bring you the best options to send money to Spain from Tanzania. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Tanzanian Shilling to Euro money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Spain from Tanzania?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Spain.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Tanzania to Spain transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your TZS to Euro money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to send money from Tanzania to Spain?

The final amount your recipient gets when you send TZS to EUR is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Tanzania to Spain used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Euro is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Tanzanian Shilling to Spain exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

Bank transfers have been a traditionally popular way to send money overseas from Tanzania to Spain. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the TZS to EUR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Tanzania bank for your Spain money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Tanzania to Spain fast?

It could be a stressful experience if you need to rush money quickly from Tanzania to Spain. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert TZS to EUR. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Euro. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Tanzania to Spain money transfers.


Which are the best money transfer companies to send money to Spain from Tanzania?

Tanzania to Spain 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 Spain 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 Euro 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 do a money transfer from Tanzania to Spain

The first step to send money to Spain 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 EUR 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 Spain 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 Spain!

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 Spain.