Interbank & Parrarel Market Rates

Reserve Bank of Zimbabwe’s (RBZ) failure to release the new currency which was expected to be in circulation with effect from 11 November has brought about public outrage.RBZ has been making excuses prior to the introduction of the new currency as it was said that they couldn’t release the new banknotes yesterday because they had very poor security features.

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Check out the rates below.

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RBZ Rates 

EXCHANGE RATES 12-11-2019               
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: RTGS20.00-20.50
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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Philomina

Philomina

Social writer and digital marketing personnel.

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