The street rate has been a bit subdued in the last few days due to a shortage of EcoCash float amongst traders. This has seen the EcoCash rate getting as low as $1950. There is also a bit of apprehension in the market surrounding the introduction of a new currency/notes in the next two weeks.
As the exchange rate reaches over 200 %, the cost of doing business has also increased with POTRAZ approving an upward 95,39 per cent voice, data and SMS tariff adjustment for both mobile and fixed network operators as previous tariffs were ravaged by inflationary pressures
The situation has also worsened with fuel & electricity price hikes.
These rates have been updated as of 1/11/2019.
You can see the latest prices for basic goods by clicking here.
Check out the rates below.
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|EXCHANGE RATES -01-11-2019|
STREET/PARALLEL MARKET RATES 1/11/19
|US DOLLARS: REAL TIME GROSS SETTLEMENT (Ecocash)||USD: RTGS||22.00-22.30|
|BRITISH POUND REAL TIME GROSS SETTLEMENT (Ecocash)||GBP: RTGS||22.60-23.00|
|BRITISH POUND: US DOLLARS||GBP: USD||1.19|
|USD DOLLARS: BOND CASH||USD: BOND||13.00-13.70|
|BOND CASH: REAL TIME GROSS SETTLEMENT (Ecocash)||BOND: RTGS||40.00-50.00|
|US DOLLARS: SOUTH AFRICAN RANDS||USD: ZAR||14.50-14.70|
|*OLD MUTUAL IMPLIED RATE||OMIR: RTGS||26.50|
|RANDS: REAL-TIME GROSS SETTLEMENT(Ecocash)||RAND; RTGS||125-130|
|RANDS: BOND CASH||RAND: BOND||80-87|
The ranges provided in the street rates are due to the differences from trader to trader.
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.
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 analyze 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.
While every effort is made to ensure accuracy we will in no way be held responsible for any business decisions you make while using us as your reference rate.
*Consult your Bank or the RBZ for the official rate
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