Rates & Prices

Inter bank vs Street rate

  • forex
  • Wealthy affiliate online

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 Rates 

EXCHANGE RATES -05-11-2019               
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 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 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

 

Philomina

Social writer and digital marketing personnel.

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