Interbank and Street Rates Updated 28/09/19

Updated 30/09/2019.

Interbank and Street Rates will be updated as the day goes. The rates seem to be stabilising let’s watch how it goes as the day goes. It remains to be seen how the parallel market will respond to the new regulations by RBZ banning the use of US$ by businesses.

You can see the latest prices for 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 

EXCHANGE RATES -30-09-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.7330 15.6628 15.1979
GBP/ZWL$ 18.3427 18.3442 18.3435
EUR/ZWL$ 16.3129 16.3144 16.3137
ZWL$/ZAR 1.0153 1.0159 1.0156
BWP/ZWL$ 1.3422 1.3556 1.3489

Bureau de change rates 30 September 2019

Interbank and Street Rates 30/09/19

Econet Bureau De Change rate 30/09/2019

 

 

STREET/PARALLEL MARKET RATES 30/08/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT USD : RTGS 18:-18.50
BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  19.80- 20.00
BRITISH POUND : US DOLLARS GBP : USD 2.50
USD DOLLARS : BOND CASH  USD : BOND  12.50
BOND CASH : REAL TIME GROSS SETTLEMENT  BOND : RTGS  1.50-1.60
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 19.00-19.50
*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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