Rates & Prices

Interbank and Street Rates Updated 28/09/19

Updated 28/09/2019.

Interbank and Street Rates will be updated as the day goes. The rates which had lowered slightly on Tuesday after RBZ allegedly froze more accounts are picking up again

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 (yesterday’s rates)

EXCHANGE RATES -27-09-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.6702 15.6604 15.1653
GBP/ZWL$ 18.3904 18.3979 18.3942
EUR/ZWL$ 16.2860 16.2905 16.2883
ZWL$/ZAR 1.0076 1.0082 1.0079
BWP/ZWL$ 1.3437 1.3601 1.3519

Bureau de change rates 28 September 2019

Econet Bureau De Change rate 28/09/2019

NetOne’s rate (Yet to be updated)

Netone bureau de change rate

STREET/PARALLEL MARKET RATES 28/08/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT USD : RTGS 18:50-19.00
BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  19.80- 20.00
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 15.00-16.00
*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

Taylor Chiyangwa

I'm a digital marketing and online entrepreneurship enthusiast. I'm on a mission to change the narrative of #OnlineEntrepreneurship in Africa. I blog at mrtaylor.me and you can get my free e-book on making money online here

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