Convert Tanzanian Shilling to Malaysian Ringgit
Please provide values below to convert Tanzanian Shilling [TZS] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Malaysian Ringgit
1 TZS = 607.392636006995 MYR
Example: convert 15 TZS to MYR:
15 TZS = 15 × 607.392636006995 MYR = 9110.88954010493 MYR
Tanzanian Shilling to Malaysian Ringgit 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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.