Rates of the day

Updated 17/09/2019 at 10.00am. Second update 15:30

Interbank and Street Rates will be updated as the day goes. The free fall of the local currency seems to be continuing unabated.

NB: These rates are for indicative purposes only and may differ due to changing market conditions and the amount of transaction. For current rates please visit your local bank or authorized forex dealer. 

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RBZ Official Rates

EXCHANGE RATES -17-09-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 12.7484 13.6248 13.1866
GBP/ZWL$ 16.4384 16.4397 16.4391
EUR/ZWL$ 14.5962 14.5975 14.5969
ZWL$/ZAR 1.1092 1.1099 1.1096
BWP/ZWL$ 1.2118 1.2210 1.2164

Bureau De Change rates 17/08/19

 

 

Street vs Interbank rate 17 September 2019

STREET/PARALLEL MARKET RATES 17/08/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT  USD : RTGS  16.40-16.80 

(Update: rate seems to have gone up to 17.00 to 17.15 towards day end)

BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  18.40-18.60
BRITISH POUND : US DOLLARS GBP : USD 1.20
USD DOLLARS : BOND CASH  USD : BOND  10.40-10.60
BOND CASH : REAL TIME GROSS SETTLEMENT  BOND : RTGS  1.50-1.60
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 14-39-14.59
*OLD MUTUAL IMPLIED RATE : REAL TIME GROSS SETTLEMENT OMIR : RTGS 18.14

The ranges provided in the street rates are due to the differences from trader to trader. 

 

*OMIR refers to Old Mutual Implied Rate. This is a comparison of Share prices for Old Mutual in Zimbabwe, South Africa and UK where the share is simultaneously listed. The OMIR is used as a way to calculate the implied exchange rates for the 3 countries. The reasoning is that the share price should be uniform across the three since the shares lay claim on the same cash flows, assets and liabilities.

 

DISCLAIMER

ZIMTRENDING, as well as all members of our team, do not participate in the parallel market. We do not trade in foreign currency or advise anyone to do so. We just analyse the apparent parallel market within Zimbabwe. These rates are to be used as a benchmark only should never be quoted as official rates. If you are looking for official rates please consult the RBZ or your registered bank. We have no involvement with the RBZ, banks or any bureau de change’s whatsoever.

*Consult your Bank or the RBZ for official rates

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