Interbank and Street Rates Updated 27/09/19
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|
Bureau de change rates 27 September 2019
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.
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