Blackout Weekend Indeed: Eco cash to Shut Operation Down Over the Weekend

EcoCash has issued a statement telling people that its service won’t be available for 24 hours, from 9 pm on Saturday the 16th of November to 9 pm on Sunday the 17th because of planned system maintenance. Business will be low for money changers as the ecocash rate has been ranging around 200-201% lately.

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Check out the rates below.

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RBZ Rates

EXCHANGE RATES -14-11-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 15.4906 16.3782 15.9344
GBP/ZWL$ 20.4549 20.4565 20.4557
EUR/ZWL$ 17.5230 17.5246 17.5238
ZWL$/ZAR 0.9369 0.9373 0.9371
BWP/ZWL$ 1.4420 1.4579 1.4500


STREET/
PARALLEL MARKET RATES 14/11/19

US DOLLARS: REAL TIME GROSS SETTLEMENT (Ecocash) USD: RTGS 21.00-21.22
BRITISH POUND REAL TIME GROSS SETTLEMENT (Ecocash) GBP: RTGS 22.00-25.30
BRITISH POUND: US DOLLARS GBP: USD 1.19
USD DOLLARS: BOND CASH USD: BOND 14.70-15.00
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 130-138
RANDS: BOND CASH RAND: BOND 90-98

 

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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