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.
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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|
Bureau De Change Rates
Netone rates 02/10/18
OTHER BUREAUX DE CHANGE BUYING/SELLING (USD as Base Currency)
|Bureau de exchange||Buying/Selling|
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.
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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