Convert [custom_amount]Burundian Franc to Tanzanian Shilling
[dual_flag country1=”bi” country2=”tz” overlap=”-10%” width=”100%” height=”auto” class=”rounded-flag” style=”border-radius: 50%;” border=”1px solid #000″]
Rule of thumb
When you are abroad and you just want to get a quick estimate, use this rule of thumb:
[rule_of_thumb currency1=”BIF” currency2=”TZS” currency1_name=”Burundian Franc” currency2_name=”Tanzanian Shilling”]
How to convert [custom_amount]Burundian Franc to Tanzanian Shilling
Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.
How much does it cost to convert BIF to TZS
The cost of converting BIF to TZS depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.
Burundian Franc to Tanzanian Shillings conversion rates
| 1 BIF | 0.93 TZS |
| 5 BIF | 4.65 TZS |
| 10 BIF | 9.29 TZS |
| 20 BIF | 18.59 TZS |
| 50 BIF | 46.47 TZS |
| 100 BIF | 92.95 TZS |
| 250 BIF | 232.37 TZS |
| 500 BIF | 464.74 TZS |
| 1000 BIF | 929.49 TZS |
| 2000 BIF | 1,858.98 TZS |
| 5000 BIF | 4,647.45 TZS |
| 10000 BIF | 9,294.90 TZS |
| 1 TZS | 1.08 BIF |
| 5 TZS | 5.38 BIF |
| 10 TZS | 10.76 BIF |
| 20 TZS | 21.52 BIF |
| 50 TZS | 53.79 BIF |
| 100 TZS | 107.59 BIF |
| 250 TZS | 268.96 BIF |
| 500 TZS | 537.93 BIF |
| 1000 TZS | 1,075.86 BIF |
| 2000 TZS | 2,151.72 BIF |
| 5000 TZS | 5,379.30 BIF |
| 10000 TZS | 10,758.59 BIF |
Top Currency Pairings for Burundian Franc
How to transfer money? And how long does it take?
Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.
Look out for exchange scams
| Look out for | Description |
|---|---|
| Unofficial Currency Exchanges | Street individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety. |
| Dynamic Currency Conversion | Some ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions. |
| Overcharging at Exchange Offices | Tourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions. |
| Fake Banknote Switch | Be cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully. |
| Inflated Commissions | Exchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money. |
Currency Information
BIF stands for Burundian franc, which is the official currency of Burundi. It is issued and regulated by the Bank of the Republic of Burundi. The BIF is only used as legal tender within Burundi and cannot be used as a recognized currency in other countries.
The TZS, or Tanzanian Shilling, is the official currency of Tanzania. It is recognized as legal tender only within Tanzania.
Cost of Living Comparison
When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.
| Location | Weekly Groceries | Dining Out for Two |
|---|---|---|
| Burundi | €#N/A | €#N/A |
| Tanzania | €50 | €20 |
Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.