Convert Tanzanian Shilling to New Taiwan Dollar
Please provide values below to convert Tanzanian Shilling [TZS] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Tanzanian Shilling.
How to Convert Tanzanian Shilling to New Taiwan Dollar
1 TZS = 87.5232828196833 TWD
Example: convert 15 TZS to TWD:
15 TZS = 15 × 87.5232828196833 TWD = 1312.84924229525 TWD
Tanzanian Shilling to New Taiwan Dollar Conversion Table
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.