Foreign Exchange Services

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Foreign Exchange Services

Your one-stop center for all your foreign exchange needs at competitive rate.

Features & Benefits

  • Spot buying/selling of foreign currency


  • Fast and convenient Foreign Exchange (FX) services


  • No transaction charges


  • Available to ICB Account Holders


  • Competitive exchange rates for 3 available foreign currencies (GBP, USD, EUR)


  • Available to Non-ICB Account holders – buy or sell foreign currency up to a maximum of USD 10,000 or equivalent using acceptable and valid ID (National ID, Voters ID, Driving License or Passport) and supporting documents.

Eligibility

  • Available to ICB account holders

  • Available to Non-ICB Account holders – buy or sell foreign currency up to a maximum of USD 10,000 or equivalent using acceptable and valid ID (National ID, Voters ID, Driving License or Passport) and supporting documents.

Documents Required

  • For amount less than $1,000 or equivalent, Resident should submit an acceptable and valid ID (National ID, Voters ID, Driving License or Passport), Non-resident should submit Passport.

  • For  amount between $1,000 and $10,000 or equivalent,  both resident/non-resident should submit acceptable and valid ID (National ID, Voters ID, Driving License or Passport) and VISA/Ticket/Invoice of payment/proof of residence

  • For amount exceeding $10,000 or equivalent, both resident/non-resident must have  a  full  KYC  account with ICB and supporting documents like VISA/Ticket/Invoice of payment/proof of residence

To know more, click on the form to fill your contact details and our customer service executive will contact you or drop by at our nearest ICB branch.

Foreign Exchange Rates

Last updated on:  Friday, January 17, 2025

Currency Selling TT/OD Buying TT/OD Selling FC Notes Buying FC Notes < $50 / £50 Denominations Buying FC Notes >= $50 / £50 Denominations
EURO (EUR) 2818 2712 2818 2710 2711
STERLING POUND (GBP) 3305 3180 3305 3178 3179
U.S. DOLLAR (USD) 2548 2452 2548 2450 2451

Disclaimer: Rates are subject to change without prior notice, customer are advised to verify the rates with your account holding branch.

Derivative Rates

Forward Contract Quotes (USD/TZS)

Last updated on:  Friday, January 17, 2025

14 Days 1 Month 3 Months 6 Months
Bid Ask Bid Ask Bid Ask Bid Ask
2402.34 2508.09 2401.37 2518.84 2400.56 2566.88 2414.34 2641.14
Forward Contract Quotes (EUR/TZS)
14 Days 1 Month 3 Months 6 Months
Bid Ask Bid Ask Bid Ask Bid Ask
2407.34 2812.79 2405.13 2827.74 2399.9 2889.9 2396.47 2976.47
Swaps Quotes (USD/TZS)
14 Days 1 Month 3 Months 6 Months
Bid Ask Bid Ask Bid Ask Bid Ask
- - - - - - - -
Swaps Quotes (EUR/TZS)
14 Days 1 Month 3 Months 6 Months
Bid Ask Bid Ask Bid Ask Bid Ask
- - - - - - - -

Disclaimer: Rates are subject to change without prior notice, customer are advised to verify the rates with your account holding branch.