Interbank and Street Rates Updated 28/09/19

Updated 01/10/2019.

Interbank and Street Rates will be updated as the day goes. Apparently no one is paying ecocash because agents lines have been closed following a directive from RBZ yesterday. Few agents on the parallel market advertising are using zip it . 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 -01-10-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.7684 15.8142 15.2913
GBP/ZWL$ 18.7945 18.7960 18.7953
EUR/ZWL$ 16.6522 16.6568 16.6545
ZWL$/ZAR 0.9913 0.9920 0.9917
BWP/ZWL$ 1.3762 1.3899 1.3831

Bureau de change rates 01/10/2019

netone rate

Econet Bureau De Change rate 01/10/2019

econet rate

 

 

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

You can also read

Ecocash Suspends Agents lines in the line with RBZ Directive

“Command economies don’t work” says Advocated Biti

RBZ bans some ecocash facilities as it seeks to stop abuse of the platform

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