Interbank and Street Rates Updated 28/09/19

Updated 27/09/2019.

Interbank and Street Rates will be updated as the day goes. The rates which had lowered slightly yesterday after RBZ allegedly froze more accounts are picking up again. Yesterday the parallel market rates had slightly gone down to around $17-18 and now they are going up again around $18-18.50.

You can see the latest prices of basic goods by clicking here.

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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 (yet to be updated)

EXCHANGE RATES -26-09-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.5808 15.6102 15.0955
GBP/ZWL$ 18.6625 18.6640 18.6633
EUR/ZWL$ 16.5371 16.5431 16.5401
ZWL$/ZAR 0.9923 0.9928 0.9926
BWP/ZWL$ 1.3616 1.3767 1.3692

Bureau de change rates 27 September 2019

econet rate
Econet Bureau De Change rate 27/09/2019

Netone bureau de change rate

STREET/PARALLEL MARKET RATES 27/08/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT USD : RTGS 18:00-18:50
BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  19.70- 19.90
BRITISH POUND : US DOLLARS GBP : USD 1.20
USD DOLLARS : BOND CASH  USD : BOND  11.00-11.70
BOND CASH : REAL TIME GROSS SETTLEMENT  BOND : RTGS  1.50-1.60
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 14.50-15.00
*OLD MUTUAL IMPLIED RATE OMIR : RTGS 26.96
RANDS:REAL-TIME GROSS SETTLEMENT RAND;RTGS 100-145

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 the official rate

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