Interbank and Street Rates Updated 05/10/2019.

Updated 05/10/2019.

Interbank and Street Rates will be updated as the day goes. The MDC has castigated the decision by the Reserve Bank of Zimbabwe to cap cashing and cashout mobile money transactions at ZWL $100.

MDC Secretary for Elections said the limit is not enough to buy something, hence the limit should be reviewed.

About the $100rtgs limit

There has been some confusion on what the $100rtgs limit is really about for cashout facilities. This limit is per transaction not per day. So this means you can cash out a maximum of 100rtgs per transaction, not per day.

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

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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 05/10/19

EXCHANGE RATES -05-10-2019
CURRENCY	BID	ASK	AVG
USD/ZWL$	14.8277	15.6945	15.2611
GBP/ZWL$	18.8251	18.8327	18.8289
EUR/ZWL$	16.7349	16.7410	16.7380
ZWL$/ZAR	0.9915	0.9920	0.9918
BWP/ZWL$	1.3761	1.3883

 

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

Bureau de exchange	Buying/Selling
NETONE	15.26/15.69
TSD	15.10/15.94
QUEST	15.20/1569.
GETBUCKS	15.00/16.05
FBC	15.18/15.75
1st CAPITAL	15.18/15.75
ZB	15.18/15.75
STANBIC	15.18/15.75
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 05/10/19

 

US DOLLARS : REAL TIME GROSS SETTLEMENT	USD : RTGS	17.50:17.80
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	65-70

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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