Where to exchange money in Zanzibar
Are you heading to Zanzibar? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Zanzibar that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Zanzibar
Are you heading to Zanzibar? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Zanzibar that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Zanzibar
If you have a need to use cash, here are some recommendations to exchange foreign currency in Zanzibar.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Posta Bureau De Change | R5PQ+V4W, Kenyatta Rd, Zanzibar, Tanzania | |
| Eagle Bureau De Change | R5QQ+265, Zanzibar, Tanzania | |
| MOSSES WESTERN UNION AND MONEY GRAM | Paje, ZANZIBAR, Tanzania | +255 712 180 092 |
| Charunga Money Solutions | Fuoni meli Tano Bus Station, Zanzibar, Tanzania | +255 718 552 710 |
| change office cambio valuta | 77CX+F5H, Nungwi Rd, Nungwi, Tanzania | +255 713 766 741 |
| Money Exchange | Nungwi Zanzibar 4036, Tanzania | |
| Kadoo | 77CV+M4P, Nungwi, Tanzania | |
| Al-bashash Bureau De Change | Kisauni, Zanzibar, Zanzibar, Tanzania | |
| ATM | Q6JC+88M, Zanzibar, Tanzania | |
| Bin Nyange Send Money | 77CX+H4R Hamburu, Nungwi Rd, Nungwi 00000, Tanzania | +255 777 575 421 |
| Gabriel Bashigwa Shop | Nungwi Baobao Zanzibar , Tanzania TZ, 73107, Tanzania | +255 717 606 001 |
| The People's Bank of Zanzibar | HHP4+M3R, Jambiani, Makunduchi, Tanzania | +255 732 947 034 |
| MoneyGram Service- kiwengwa | 299C+6V, Unnamed Road, Kiwengwa, Tanzania | |
| Exim Bank | R5QX+7MV, Mlandege Rd, Zanzibar, Tanzania | +255 24 223 7194 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Tanzanian shilling rate today
First off, in case you’re wondering something along the lines of “does Tanzania use Tanzanian shilling?”, the answer is yes. The currency in Zanzibar — and the rest of Tanzania— is Tanzanian shilling
You can also find it written as TZS in currency exchange shops.
What you should know about exchanging money in Zanzibar
When exchanging money in Zanzibar or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Tanzania long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Tanzanian shillings for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Tanzania banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Currency exchange bureau who?
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Zanzibar. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.