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Interbank and Street Rates Updated 03/10/2019.

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Updated 03/10/2019.

Interbank and Street Rates will be updated as the day goes. Ecocash cash in and cashout facilities have been restored and the rates seem to be hiking back again on the black market. However, this is a developing situation since it's still in the morning, yet to see how the money changer are going to go around the $100rtgs maximum cashout limit.

As always Zim trending will keep you updated on the matter. Just stay tuned. 

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 -03-10-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.7990 15.7142 15.2566
GBP/ZWL$ 18.7488 18.7549 18.7519
EUR/ZWL$ 16.7166 16.7197 16.7182
ZWL$/ZAR 0.9990 0.9994 0.9992
BWP/ZWL$ 1.3700 1.3852 1.3776

 

Bureau De Change Rates

 03/10/18

 

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

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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

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STREET/PARALLEL MARKET RATES 03/10/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT USD : RTGS 16.00:17.00
BRITISH POUND : REAL TIME GROSS SETTLEMENT (Ecocash) GBP : RTGS  13.80- 14.00
BRITISH POUND : US DOLLARS GBP : USD 1.20
USD DOLLARS : BOND CASH  USD : BOND  10.10-10.15
BOND CASH : REAL TIME GROSS SETTLEMENT (Ecocash) BOND : RTGS  45.00-60.00
US DOLLARS : SOUTH AFRICAN RANDS USD : ZAR 19.00-19.50
*OLD MUTUAL IMPLIED RATE OMIR : RTGS 20.17
RANDS:REAL-TIME GROSS SETTLEMENT(Ecocash) RAND;RTGS 105
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:

RBZ Caps Cashout Limit, Promise to Release More into circulation

RBZCommand 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

Philomina

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