Foreign Exchange Services

I&M Bank Tanzania - Foreign Exchange

Transact with I&M Bank for the best foreign exchange price value in Tanzania.

I&M Bank is connected to the global currency hubs as well as the Tanzania foreign exchange market via a first class network of foreign correspondent and local banks. We offer foreign exchange services and facilitate remittances in the following International currencies:-

United States Dollar | The Euro | Pound Sterling | Swiss Franc | Indian Rupee | Japanese Yen | South African Rand | Chinese Renminbi | Australian Dollar | United Arab Emirates Dirham | Canadian Dollar

Our presence in Mauritius, Tanzania and Rwanda also enables I&M Bank to offer foreign exchange and remittance services using RTGS or SWIFT for Rwanda Franc, Tanzania Shilling, Uganda Shillings and Mauritian Rupee conversions.

We transact for SPOT and FORWARD foreign exchange services in the above mentioned currencies and do specific vanilla derivatives like Currency SWAP’s for qualifying customers upon application and appraisal.

For customers who bank with either I&M Bank in Tanzania, Rwanda or Tanzania, the unique BRISK product ensures you never have to wait for long to send and receive money as funds move within the three countries in near real time. This applies for the following currencies: U.S. Dollars, Tanzania Shillings, Tanzania Shillings and Rwanda Francs. We are the only bank with a regional presence that offer this efficiency.

With The I&M Bank BRISK transfer service, our customers no longer have to wait for days on end to send and receive their money within the I&M Bank group- talk to our customer service staff for this real time-efficient solution to remit funds across the regional borders.

Our customers may also subscribe to our informative daily Treasury Newsletter for currency news, market updates and foreign exchange trends. (Simply send an email to

For Corporate and Business banking customers, the I&M Bank Treasury offers dedicated one to one Treasury relationship management to ensure seamless foreign exchange services and best value for your firm. Talk to I&M Bank and you’ll love the difference in the foreign exchange value you shall receive.

Interact with I&M Bank for better foreign exchange value and services through our strategically located branch network, by telephone and our online channels including the I&M Bank mobile banking app; The I&M Bank I-Click Internet Banking portals to transact foreign exchange.

Foreign Exchange

I&M Bank only buys and Sells USD, EURO & GBP Currencies.
All other currencies are transacted via electronic exchange and transfers.

  • Conversion Rate


  • Conversion Rate



Foreign Currency Exchange rates as at 30th November 2021

Currency Bank Buy Cash Bank Sell Cash Bank Buy TT Bank Sell TT
USD / TZS 2287.01832314.987 2287.0183 2314.987
EUR / TZS 2500.98462714.3496 2500.9846 2714.3496
GBP / TZS 2942.33473194.0293 2942.3347 3194.0293
KES / TZS 19.11461822.841715 19.114618 22.841715
INR / TZS 29.40222731.912033 29.402227 31.912033
ZAR / TZS 136.2311147.90045 136.2311 147.90045

Contact our Treasury dealers for more information