Inter bank vs Street rate
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday released a press statement on the introduction of the new $2 bond coin plus the $2 and $5 bond notes which will be in circulation with effect from 11 November. The rate for eco cash continues to lower down, circulating around 19.30 and around $145 for cash exchange.
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Check out the rates below.
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RBZ RatesÂ
| EXCHANGE RATES -05-11-2019Â Â Â Â Â Â Â Â | |||
| CURRENCY | BID | ASK | AVG |
| USD/ZWL$ | 15.2683 | 16.1415 | 15.7049 |
| GBP/ZWL$ | 20.3472 | 20.3519 | 20.3496 |
| EUR/ZWL$ | 17.5313 | 17.5329 | 17.5321 |
| ZWL$/ZAR | 0.9595 | 0.9599 | 0.9597 |
| BWP/ZWL$ | 1.4197 | 1.4354 | 1.4276 |
STREET/PARALLEL MARKET RATES 1/11/19
| US DOLLARS: REAL TIME GROSS SETTLEMENT (Ecocash) | USD: RTGS | 19.20-19.40 |
| BRITISH POUNDÂ 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 | 14.00-14.50 |
| 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.
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 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
