Interbank and Street Rates Updated 28/09/19

Updated 02/10/2019.

Interbank and Street Rates will be updated as the day goes. The rates seem to have taken a dip on the black market as a result of the recent closure of all Ecocash agent lines. A few traders seem to be using the Agent to Agent and Merchant to Merchant method to transact. 

RBZ was taken to court yesterday by Ecocash we wait to see the outcomes. As always Zim trending will keep you updated on the matter. Just stay tuned. There is a wider discrepancy in the rates being paid for RTGS transfers as agents are trying to come to terms with the closure of the Ecocash agent lines.

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

You can also see the latest tenders 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 the transaction. For current rates please visit your local bank or authorized forex dealer. 

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RBZ Official Rates 

EXCHANGE RATES -02-10-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.7803 15.7107 15.2455
GBP/ZWL$ 18.7153 18.7169 18.7161
EUR/ZWL$ 16.6709 16.6724 16.6717
ZWL$/ZAR 1.0050 1.0062 1.0056
BWP/ZWL$ 1.3720 1.3858 1.3789

Bureau De Change Rates

Netone rates 02/10/18

Interbank and Street Rates Updated 02/10/2019

OTHER BUREAUX DE CHANGE BUYING/SELLING (USD as Base Currency)

Bureau de exchange Buying/Selling
NETONE 15.19/16.26
TSD 14.80/15.94
QUEST 15.20/16.05
GETBUCKS 14.95/16.05
FBC 14.83/15.75
1st CAPITAL 14.83/15.75
ZB 14.83/15.75
STANBIC 14.83/15.75
SUCCESS 15.20/16.05
CABS 14.98/15.91
STANCHART 14.62/15.98
STEWARD 14.60/16.19
NMB 14.85/15.45
POSB 14.86/15.60
FMC 15.00/16.05
NEDBANK 14.66/15.72
CBZ 14.83/15.75
CONTI CASH 15.25/16.00
AFRICAN CENTURY 14.43/15.95
ECOBANK 14.67/15.86
Dir Connect 14.70/15.60
Cash 24 15.80/15.90

 

STREET/PARALLEL MARKET RATES 02/10/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT USD : RTGS 13.00-14.50
BRITISH POUND : REAL TIME GROSS SETTLEMENT  GBP : RTGS  13.80- 14.00
BRITISH POUND : US DOLLARS GBP : USD 1.20
USD DOLLARS : BOND CASH  USD : BOND  9.50-10.00
BOND CASH : REAL TIME GROSS SETTLEMENT  BOND : RTGS  1.45-1.60
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 19.00-19.50
*OLD MUTUAL IMPLIED RATE OMIR : RTGS 20.17
RANDS:REAL-TIME GROSS SETTLEMENT RAND;RTGS 90-99.9
RANDS: BOND CASH RAND: BOND 50-57

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

Other stories you may be interested in:

Command economies don’t work” says Tendai Biti

” Another tragic failure courtesy of RBZ” Zimbabweans react to the banning of Ecocash

Ecocash Comes Back Guns Blazing

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