Compare today's TZS to UGX (Tanzanian Shilling to Ugandan Shilling) exchange rates
📈 Tanzania to Uganda Money Transfer Snapshot Today
- Best TZS to UGX exchange rate today: UGX 1.4116, 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 UGX exchange rate before providers add their margin or fees. exchange rate: 1 TZS = UGX 1.4493 (Updated about an hour ago)
See detailed Tanzania to Uganda 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 TZS-UGX exchange rates mean for you
Compare today's TZS-UGX exchange rates and send money from Tanzania to Uganda 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 Uganda money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Tanzania to Uganda Providers
🥇 Verto with 1 TZS = 1.4116 UGX (best TZS to UGX exchange rate today).
TZS-UGX exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final UGX payout that your recipient gets in Uganda.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Tanzania to Uganda remittances.
🔄 Looking for the reverse corridor? Send money from Uganda 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-UGX exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst TZS-UGX 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 Uganda historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your UGX payout.
Data-driven cost insights for Tanzania to Uganda money transfers
When you send money internationally from Tanzania to Uganda, the key factors that will influence the overall cost of your transaction are:
- TZS-UGX exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum UGX payout for your overseas recipient in Uganda.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Tanzania to Uganda, 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 Uganda money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 188 actual Tanzania to Uganda money transfers handled by 11 providers over the last 5 years (for a TZS 324500 remittance benchmark).
This data-driven approach using real TZS-UGX 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 Uganda money transfers
- Average total cost: 37.09% (range 1.63% to 92.64%, spread 91.01 percentage points)
- Potential payout difference: On a TZS 324500 transfer, the above variation can save you up to TZS 295,327.45.
- Average FX markup: 5.66% (range -2.95%
ⓘ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 21.72%, spread 24.67 percentage points) - Average transfer fee: TZS 102,019.62 (range TZS 0.00 to TZS 243,747.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Cash Pickup (5.33% avg cost); most expensive is Bank Account Transfer → Bank Deposit (51.06%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 45.73% (TZS 148,403.59 on TZS 324500 transfer).
- Market coverage: ~11 providers on average (competition level: competitive)
- Average speed: About 14 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 Uganda money transfers.
📈 TZS to UGX exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Tanzania to Uganda money transfers is usually the single biggest factor that will determine your overall TZS cost and your recipient's UGX 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 Uganda transfers:
- Average markup: 5.66%
- Median markup: 4.27%
- Lowest markup: -2.95%
ⓘ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: 21.72%
That is a spread of 24.67 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 UGX 80,054.15 purely from differences in the exchange rate. That incremental saving increases to UGX 200,073.70 for a TZS 811000 transfer.
🛠️ How to use this insight: When comparing providers for Tanzania to Uganda 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 UGX 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 Uganda 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 Uganda.
Based on data from last 5 years, we notice the below about Tanzanian Shilling to Uganda money transfer fees:
- Average fee: TZS 102,019.62
- Median fee: TZS 115,598.52
- Lowest fee: TZS 0.00
- Highest fee: TZS 243,747.00
The average fee amount of TZS 102,019.62 noted above represents 31.44% 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 243,747.00.
🛠️ How to use this insight: For your next money transfer from Tanzania to Ugandan 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-UGX remittances
Based on our detailed analysis of historical Tanzania to Uganda 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 Uganda from Tanzania:
- Cash: 7.60%
- Bank Account Transfer: 46.26%
That is a total spread of 38.67 percentage points.
This means that on a TZS 324500 transfer, you could save up to TZS 125,469.55 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 Uganda:
- Cash Pickup: 7.30%
- Bank Deposit: 51.06%
The cost difference between the above delivery methods is 43.75 percentage points.
Once again, this means that you could save up to TZS 141,980.43 on a TZS 324500 transfer to Uganda by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Tanzania payment methods and Uganda 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 UGX money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Cash Pickup | 5.33 |
| Cash | Cash Pickup | 7.60 |
| Bank Account Transfer | Bank Deposit | 51.06 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these TZS-UGX payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Cash Pickup has the lowest average cost at 5.33%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 51.06%.
- Bank Account Transfer → Cash Pickup average cost is 45.73 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 165,684.18 simply by choosing the best payment and delivery method combo.
- Further, on a TZS 811000 money transfer, the savings increase to TZS 414,082.81.
Here is a quick summary of the average historical cost of various payment and delivery methods for TZS to Uganda money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 7.60%, compared to 46.26% for Bank Account Transfer, a difference of 38.67 percentage points.
- Cheapest delivery method: Cash Pickup averaged 7.30%, compared to 51.06% for Bank Deposit (43.75 percentage points higher).
- Cheapest combo: Bank Account Transfer → Cash Pickup averaged 5.33%, which is 45.73 percentage points lower than Bank Account Transfer → Bank Deposit (51.06%).
🛠️ How to use this insight: As you compare money transfer providers for your next Tanzania to Uganda 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 Uganda remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for TZS-UGX 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 31.27 percentage points more on average than money transfer providers for Tanzania to Uganda remittances.
This means banks tend to be approximately 2.52x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | TZS 147,479.31 | TZS 51,452.09 | TZS 96,027.22 |
| Exchange rate markup | 6.45% | 4.77% | 1.68 pp* |
| Average total cost (%) | 51.90% | 20.63% | 31.27 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-UGX 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 Uganda.
We found that sending a higher amount (TZS 811000) tends to be cheaper - average cost drops from 37.09% to 19.16%, a reduction of 17.93 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 Uganda, 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 Uganda remittance market?
Based on data from the last 5 years, TZS-UGX 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 72.7% of active providers in this corridor (8 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 Uganda remittances.
⏱️ How fast are TZS-UGX money transfers?
If your recipient in Uganda needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Tanzania to Uganda transfers when it comes to processing time:
- Average transfer time: About 14 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at TZS 324500: About 14 hours.
- Average speed at TZS 811000: About 14 hours.
Banks vs money transfer providers speed comparison: Banks take 11 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Tanzania to Uganda 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 Uganda.
Tanzania to Uganda 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 Uganda money transfers
These FAQs use data from RemitFinder's historical analysis of Tanzania to Uganda money transfers over several years.
What factors affect the total cost of sending money from Tanzania to Uganda?
The total cost of your TZS-UGX 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 Uganda transfers?
Historical TZS to UGX exchange rate markup ranges from -2.95% to 21.72%, a spread of 24.67 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can TZS-UGX 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-UGX 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 Uganda transfers?
Exchange rate markup ranges from -2.95% to 21.72% (a spread of 24.67 percentage points).
Transfer fees range from TZS 0.00 to TZS 243747.00, which equals roughly 75.11% on a TZS 324500.00 transfer.
At both TZS 324500.00 and TZS 811000.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Tanzania to Uganda 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 UGX for your TZS.
How much can Tanzania to Uganda transfer costs vary between providers?
Historical transfer cost ranges from 1.63% to 92.64% for TZS transfers to Uganda. That is a spread of 91.01 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 -2.95% to 21.72% (a spread of 24.67 percentage points). Thus, even small differences in FX margin can have a big impact on the final UGX payout.
Why do various money transfer providers price TZS to Uganda transfers differently?
If you send the same Tanzanian Shilling amount to Uganda 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 UGX payout in Uganda in a big way.
How stable are transfer costs in the Tanzania to Uganda corridor?
When we analyzed the historical total cost for TZS-UGX transfers, we observed a range from 1.63% to 92.64% (91.01 percentage points difference), along with a variability (standard deviation) of 25.37%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.95% to 21.72% (24.67 percentage points difference), with a standard deviation of 5.25%. 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-UGX transfers.
Which payment method is cheapest for Tanzania to Uganda remittances?
Cash is the cheapest payment method in Tanzania based on its average cost at 7.60% (compared to Bank Account Transfer at 46.26%, a difference of 38.67 percentage points).
Based on this, we recommend paying for your TZS transfer with Cash, and avoiding Bank Account Transfer if possible.
Which delivery method is cheapest for TZS-UGX money transfers?
Cash Pickup is the cheapest delivery method in Uganda as it costs 7.30% (compared to Bank Deposit at 51.06%, a spread of 43.75 percentage points).
If your recipient in Uganda can accept Cash Pickup, we recommend choosing it as your preferred delivery option for TZS-UGX transfers.
Is Bank Deposit cheaper than Cash Pickup for Tanzania to Uganda transfers?
Cash Pickup is cheaper for transfers to Uganda given its 51.06% average cost (versus 7.30% for Cash Pickup, a difference of 43.75 percentage points).
To save more, consider choosing the cheapest delivery option for Uganda.
What is the cheapest way to send money from Tanzania to Uganda?
We evaluated 3 payment and delivery method combinations for Tanzania to Uganda remittances.
Based on historical data, Bank Account Transfer → Cash Pickup is the cheapest combination with 5.33% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 51.06% cost. That is a difference of 45.73 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Tanzania to Uganda remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your TZS-UGX transfers.
Does sending more money reduce the cost for Tanzania to Uganda transfers?
Larger TZS-UGX transfers are cheaper on average.
The cost of a TZS 324500 transfer averages 37.09% as compared to 19.16% for a TZS 811000 transfer, a difference of 17.93 percentage points.
How long does it take to send money from Tanzania to Uganda?
Based on our analysis, the average transfer time for TZS-UGX transfers is 14 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 Uganda?
Yes, historical data shows that some transfers to Uganda from Tanzania can complete in less than one hour.
Note that the actual speed of your TZS-UGX 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 Uganda?
Banks in Tanzania are more expensive than money transfer providers.
The average cost of banks is 51.90% compared to 20.63% for money transfer providers in Tanzania, a difference of 31.27 percentage points.
Why do banks charge more for Tanzania to Uganda transfers?
Bank transfers in Tanzania cost 51.90% compared to 20.63% 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 Uganda remittance market?
Based on historical data, the competition level in Tanzania to Uganda is considered competitive with 11 active providers.
Money transfer providers represent about 27.299999999999997% of identified providers in Tanzania.
Do I risk overpaying if I do not compare providers for Tanzania to Uganda?
Historically, total TZS-UGX transfer cost has varied by 91.01 percentage points. On a TZS 324500 transfer, that can translate to TZS 295327.45 in savings.
TZS-UGX exchange rate markup also varies across providers. The average markup spread has been about 24.67 percentage points. On a TZS 324500 transfer, that could be TZS 80054.15 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about TZS 243747.00 across providers.
That is why comparing providers can materially change how much of the TZS you send does your recipient receive in Uganda in Uganda.
Latest TZS to UGX Conversion Rates
Here are some latest TZS to UGX (Tanzanian Shilling to Ugandan Shilling) exchange rates for popular conversion amounts*.
| 1 TZS | 1.45 UGX |
| 5 TZS | 7.25 UGX |
| 10 TZS | 14.49 UGX |
| 25 TZS | 36.23 UGX |
| 50 TZS | 72.47 UGX |
| 100 TZS | 144.93 UGX |
| 150 TZS | 217.40 UGX |
| 200 TZS | 289.86 UGX |
| 250 TZS | 362.33 UGX |
| 300 TZS | 434.79 UGX |
| 400 TZS | 579.72 UGX |
| 500 TZS | 724.65 UGX |
| 600 TZS | 869.58 UGX |
| 700 TZS | 1,014.51 UGX |
| 800 TZS | 1,159.44 UGX |
| 1000 TZS | 1,449.30 UGX |
| 1500 TZS | 2,173.95 UGX |
| 2000 TZS | 2,898.60 UGX |
| 2500 TZS | 3,623.25 UGX |
| 3000 TZS | 4,347.90 UGX |
| 4000 TZS | 5,797.20 UGX |
| 5000 TZS | 7,246.50 UGX |
| 10000 TZS | 14,493.00 UGX |
| 15000 TZS | 21,739.50 UGX |
| 20000 TZS | 28,986.00 UGX |
| 30000 TZS | 43,479.00 UGX |
| 40000 TZS | 57,972.00 UGX |
| 50000 TZS | 72,465.00 UGX |
| 100000 TZS | 144,930.00 UGX |
*Based on the Mid-market Exchange Rate
1 Based on 188 pricing observations across 11 firms over the last 5 years for a TZS 324500 money transfer from Tanzania to Uganda. 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 Uganda 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.