Convert 5 Argentine Peso (ARS) to Tanzanian Shilling (TZS)
Exchange rates used for currency conversion updated on December 25th 2024 ( 12/25/2024 )
Below you will find the latest exchange rates for exchanging Argentine Peso (ARS) to Tanzanian Shilling (TZS) , a table containing most common conversions and a chart with the pair's evolution.
The Argentine Peso (ARS) to Tanzanian Shilling (TZS) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Argentine Peso and Tanzanian Shilling on 12/25/2024 is 1 ARS = 2.3551 TZS - AVERAGE intraday quotes were used for this currency conversion.
The ARS is the currency code for the Argentine Peso. The current ARS has been somewhat stable since 1992 when the Central Bank of Argentina began effective management of the currency by focusing on a stable ARS to USD exchange rate. This, after 23 years of inflation that devalued the currency by a staggering ten trillion times. The current inflation rate in Argentina hovers around 22%.
ARS pesos are split into 100 units each of which is known as a centavo. The currency is currently minted and issued as coins in the following denominations: 5, 10, 25, and 50 centavos, 1 and 2 pesos; and as banknotes in 2, 5, 10, 20, 50, and 100 pesos denominations.
About Tanzanian Shilling (TZS)
The official currency for Tanzania is the Tanzanian shilling. The shilling is issued in denominations of Tsh 500, 1,000, 5,000 and 10,000. Foreign currency exchange is fairly simple, particularly for the US Dollar. Foreign currency can be exchanged at any foreign exchange bureau office or at most banks found in larger cities. The major airports also have foreign currency exchange desks as do a few higher end hotels.
