Nigeria vs Tanzania: Official exchange rate
Official exchange rate over time
- Nigeria
- Tanzania
How they compare
Tanzania currently reports 2,598 LCU per US$, period average against 1,518 LCU per US$, period average in Nigeria, a difference of 1,080 LCU per US$, period average.
That makes Tanzania's figure about 1.7 times Nigeria's.
Across all 65 years both countries report, Tanzania has been ahead every year.
Nigeria ranks 21st and Tanzania ranks 18th of 213 countries.
Tanzania has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Nigeria | Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.7143 LCU per US$, period average | 7.14 LCU per US$, period average | 6.43 LCU per US$, period average | Tanzania |
| 1970s | 0.6499 LCU per US$, period average | 7.55 LCU per US$, period average | 6.9 LCU per US$, period average | Tanzania |
| 1980s | 2.19 LCU per US$, period average | 40.93 LCU per US$, period average | 38.74 LCU per US$, period average | Tanzania |
| 1990s | 25.92 LCU per US$, period average | 480.31 LCU per US$, period average | 454.39 LCU per US$, period average | Tanzania |
| 2000s | 124.88 LCU per US$, period average | 1,091 LCU per US$, period average | 966.48 LCU per US$, period average | Tanzania |
| 2010s | 214.23 LCU per US$, period average | 1,872 LCU per US$, period average | 1,658 LCU per US$, period average | Tanzania |
| 2020s | 662.02 LCU per US$, period average | 2,375 LCU per US$, period average | 1,713 LCU per US$, period average | Tanzania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Nigeria or Tanzania?
- Tanzania, at 2,598 LCU per US$, period average against 1,518 LCU per US$, period average in Nigeria as of 2024.
- What is the difference in official exchange rate between Nigeria and Tanzania?
- 1,080 LCU per US$, period average, with Tanzania ahead.
- How many years of comparable data are there for Nigeria and Tanzania?
- 65 years are reported by both, from 1960 to 2024.
- How do Nigeria and Tanzania rank globally for official exchange rate?
- Nigeria ranks 21st and Tanzania ranks 18th of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, period average). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.