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Interbank and Street Rates Updated 19/09/2019

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Updated 19/09/2019 at 11.35am. 

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 -19-09-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 13.6391 14.6120 14.1256
GBP/ZWL$ 17.6202 17.6258 17.6230
EUR/ZWL$ 15.5946 15.6002 15.5974
ZWL$/ZAR 1.0421 1.0429 1.0425
BWP/ZWL$ 1.2953 1.3066 1.3010

 

 

Bureau De Change rates 19/08/19

 

 Bank and Intermarket rates 19/09/2019

STREET/PARALLEL MARKET RATES 19/08/19

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US DOLLARS : REAL TIME GROSS SETTLEMENT  USD : RTGS  19.00-20.00

 

BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  21:00-21:40
BRITISH POUND : US DOLLARS GBP : USD 1.20
USD DOLLARS : BOND CASH  USD : BOND  11.40-12.00
BOND CASH : REAL TIME GROSS SETTLEMENT  BOND : RTGS  1.50-1.60
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 14.59-14.70
*OLD MUTUAL IMPLIED RATE : REAL TIME GROSS SETTLEMENT OMIR : RTGS 18.14
RANDS:REAL-TIME GROSS SETTLEMENT RAND;RTGS 110-120

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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