Interbank and Street Rates Updated 28/09/19

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.

RBZ PRESS STATEMENT CASHIN AND CASHOUT AND CASHBACK FACILITIES
RBZ Press Statement number 4 point on $100 rtgs limit per transaction.

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

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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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RBZ Caps Cashout Limit, Promise to Release More into circulation

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

Ecocash Comes Back Guns Blazing

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