Convert Canadian Dollar to Tanzanian Shilling
Please provide values below to convert Canadian Dollar [CAD] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Canadian Dollar.
How to Convert Canadian Dollar to Tanzanian Shilling
1 CAD = 0.000530130641309834 TZS
Example: convert 15 CAD to TZS:
15 CAD = 15 × 0.000530130641309834 TZS = 0.00795195961964751 TZS
Canadian Dollar to Tanzanian Shilling Conversion Table
| Canadian Dollar | Tanzanian Shilling |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.
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.