Interbank vs Market Rate Updated 11/11/19

Today is the day RBZ Finally release the much-awaited new notes to the public. Let’s wait and see how the rate for cash exchange is going to respond.

You can see the Latest Prices of Basic Goods Updated 7/11/19

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Check out the rates below.

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RBZ Rates 

EXCHANGE RATES 11-11-2019               
CURRENCYBIDASKAVG
USD/ZWL$15.403016.311515.8573
GBP/ZWL$20.316320.317920.3171
EUR/ZWL$17.522317.527017.5247
ZWL$/ZAR0.92970.93030.9300
BWP/ZWL$1.45251.46201.4573

STREET/PARALLEL MARKET RATES 11/11/19

US DOLLARS: REAL TIME GROSS SETTLEMENT (Ecocash)USD: RTGS21.00-21.30
BRITISH POUND REAL TIME GROSS SETTLEMENT (Ecocash)GBP: RTGS22.00-25.30
BRITISH POUND: US DOLLARSGBP: USD1.19
USD DOLLARS: BOND CASHUSD: BOND14.70-15.00
BOND CASH: REAL TIME GROSS SETTLEMENT (Ecocash)BOND: RTGS40.00-50.00
US DOLLARS: SOUTH AFRICAN RANDSUSD: ZAR14.50-14.70
*OLD MUTUAL IMPLIED RATEOMIR: RTGS26.50
RANDS: REAL-TIME GROSS SETTLEMENT(Ecocash)RAND; RTGS130-138
RANDS: BOND CASHRAND: BOND90-98

 

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

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Runyararo Makunde

Runyararo Makunde

Media and Society Studies Student Journalist for zimtrending Blogger Copywriter

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