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Interbank and Street Rates Updated 08/10/2019.

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Updated 08/10/2019.

Interbank and Street Rates will be updated as the day goes.

Quick Update

There are rumours that bread is going to be pegged at $15 rtgs. The economy is melting with ques never-ending to the extent that passport office que is now stretching upto Samora machel. Prices of goods are rising and the exchange rates have remained stagnant from last week. Check on the rates below:

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. 

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 07/10/19

EXCHANGE RATES -08-10-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 14.8031 15.7371 15.2701
GBP/ZWL$ 18.8007 18.8022 18.8015
EUR/ZWL$ 16.7502 16.7517 16.7510
ZWL$/ZAR 0.9879 0.9883 0.9881
BWP/ZWL$ 1.3746 1.3914 1.3830

 

OTHER BUREAUX DE CHANGE BUYING/SELLING (USD as Base Currency) 08/10/2019

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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 08/10/19

 

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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Zim to get new currency next month

RBZ Caps Cashout Limit, Promise to Release More into circulation

RBZ“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

Philomina

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