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Interbank Vs Street Market Rates

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The street rates have been increasing this week soon after RBZ introduced new notes to improve the cash crisis in the country whilst the ecocash rate is shooting up every day.

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

You can also see the latest tenders by clicking here.

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Check out the rates below.

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RBZ Rates

EXCHANGE RATES -20-11-2019               
CURRENCY BID ASK AVG
USD/ZWL$ 15.6075 16.4935 16.0505
GBP/ZWL$ 20.7163 20.7179 20.7171
EUR/ZWL$ 17.7727 17.7743 17.7735
ZWL$/ZAR 0.9198 0.9209 0.9204
BWP/ZWL$ 1.4750 1.4782 1.4766

 

STREET/PARALLEL MARKET RATES 20/11/19

US DOLLARS: REAL TIME GROSS SETTLEMENT (Ecocash) USD: RTGS 21.00-21.80
BRITISH POUND REAL TIME GROSS SETTLEMENT (Ecocash) GBP: RTGS 25.30-25.70
BRITISH POUND: US DOLLARS GBP: USD 1.19
USD DOLLARS: BOND CASH USD: BOND 15.00-15.80
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 140-142
RANDS: BOND CASH RAND: BOND 100-102

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.

Runyararo Makunde

Media and Society Studies Student Journalist for zimtrending Blogger Copywriter

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