Please use our rates as a guild line only. The following rates are the average interbank exchange rates from several commercial banks for today… First Capital Bank publishes forex rates below. We document exchange rates on the various markets for research purposes only. “In arriving at the figure for a cost of living adjustment, the interbank rate must apply, benchmarked against the pre-October 2018 average US$475 salary for the lowest paid civil servant. Africa . Our aim is to document this while providing our followers with the most accurate and up to date rates daily. Government abolished the use of multiple currency through Statutory Instrument (SI) 142 of 2019, known as Reserve Bank of Zimbabwe (Legal Tender) Regulations. HOME; NEWS. A … Main News; Interbank forex market weekly review. Find below the updated exchange rates for both [â ¦] Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, EXCHANGE RATES â 14-06-2019 USD/RTGS$ 5.1361 â ¦ Interbank Transfer System (ZETTS) ZETTS is an electronic inter-bank system which allows funds to be transferred between participant banks. While the Government may deny it there seems to be a thriving parallel market out there. 100 USD = 963.0 RTGS (863.0%) (Old Mutual Implied Rate) 100 USD = 1510 South African Rand (ZAR) 100 Bond = 120.0 RTGS 100 Bond = 189.0 South African Rand (ZAR) 100 RTGS = 184.0 South African Rand (ZAR) 100 Offshore USD = 103 USD When the use of foreign currency was outlawed, the black market rate was at RTGS$13.5: US$1 while the interbank rate was at RTGS$6,3: US$1. This page is updated before 10 am everyday and is updated immediately if there are any changes on the market. We believe this is necessary in order for Zimbabweans to conduct business in fair manner. Telephone +263 (292) - 272141-5, 08677002046. The average rate on the interbank market according to the Reserve Bank of Zimbabwe at the time of publishing is 6.5432. Do not assume our rates are accurate as we are there as a reference point only. We cannot be held accountable as a result of any of your decisions based on our rates. The ‘Old Mutual Implied Rate’ is a comparison between the Old Mutual share price on the London stock exchange / the Johannesburg stock exchange and the Zimbabwe stock exchange. ZIMBABWE will adopt a “managed float” exchange rate regime, Finance minister Mthuli Ncube (pictured) said yesterday, abandoning strict control of foreign exchange by the central bank in … Fri Mar 12 00:00:00 SAST 2021 90KB PDF. Fax +263 (292) - 274039 11 March 2021. Interest Rate in Zimbabwe averaged 34.81 percent from 2019 until 2021, reaching an all time high of 70 percent in September of 2019 and a record low of 15 percent in March of 2019. Recent News. Unfortunately this is NOT the rate you usually get, but you can maximize the rate you do. The rates that we display are not our own, they are an aggregation of rates we see displayed on various mediums. Government last week outlawed the use of multiple currencies through new regulations that compel all forms of transactions to be done in the Zimbabwe … Please note that we are researchers and not traders. Telephone +263 (292) - 272141-5, 08677002046. Finally note that dealing in the parallel market might be illegal and we strongly advise you do not participate. The Zimbabwe dollar remained largely stable in the month of October, with the interbank foreign exchange rate shifting by a marginal 3,1 percent from 15,1979 to the United States dollar on September 30, 2019 to 15,6467 and October 31, 2019. Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. Please visit the RBZ website if you are looking for official rates. What does ZWL mean? The Zimbabwe dollar was trading at 2.5 to 1 against the United States dollar in February last year but is now down to 18.4 to 1 on the interbank market which traders argued was being manipulated by the central bank. USD Buy Buy Cash Sell Sell Cash ; BWP : 0.0883 : 0.0873 : 0.0942 : 0.0952 Rates last updated April 16, 2021, 8:56 am. Ohio Street/Ali Hassan Mwinyi Road. Zimbabwe and regional technology news and updates. 09/04/2021. NMB Bank Plc. The grey market, on the other hand, seems to be factoring in the almost ZW$1 billion electronic balances, betting that the RBZ is not going to retire these. www.openclass.co.zw ZWL, ZWD, RTGS, Bond Notes and Interbank Rate can be used interchangeably to refer to the Zimbabwe Currency. iHarare - iHarare news offers the latest Zimbabwe news, daily news in Zimbabwe, news online, South Africa news, sports news as well as international breaking news. Treasury Division conducts money market and foreign exchange trading transactions. The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.00 ZWL$ to RAND: 0.6925... For all the trending news for Zimbabweans at home and abroad, www.taydigital.net Tel: +255 22 232 2000 Write to us through our email address: tuambie@nmbbank.co.tz We cannot be held accountable as a result of any of your decisions based on our rates. Banks have commenced trading in foreign currency at a rate of 2,5 to the United States dollar following the decision by the Reserve Bank of Zimbabwe (RBZ) to float the currency on Wednesday. Please use our rates as a guild line only. THE interbank market rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging foreign currency. 12 March 2021. 731 . Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. If … The currency code for Dollars is ZWD, and the currency symbol is Z$. Thu Mar 11 00:00:00 SAST 2021 This shows that First Capital Bank and FBC are ahead of their peers by a big margin and their peers are pulling the average rate down. USD to ZWL$: 17.3531 These are the indicative rates on the market today. By continuing to use this website you are giving consent to cookies being used. Do not assume our rates are accurate as we are there as a reference point only. ZWL is the official ISO 4217 Currency code for the Zimbabwe Dollar. The interbank exchange rate is the rate banks and big financial institutions use when swapping currencies from one to another. POLITICS; ... Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, The Zimbabwean Dollar is the currency of Zimbabwe. This dictates a rate circa 10. IN the latest foreign auction trades on the interbank market, the Zimbabwe dollar fell by 0,16%, which is the widest loss in five weeks. Rates & Prices Get the latest interbank rates and prices in Zimbabwe. Currency swaps happen from 5pm EST on Sunday until 4pm EST on Friday. A Grand Total of US$32 924 083.03 was allotted this week; About US$32.9 million was disbursed through the auction compared to about US$25.3 million last week; Officially, the Zimbabwean dollar marginally lost value as it moved from US$1: $84.3970 ZWL to US$1: $84.4827 ZWL this week There have been 36 main auctions and 30 SME auctions since the auction system began This appears to be the level at which the interbank is tending. Bulawayo Regional Office 93 Leopold Takawira Avenue Bulawayo. P.O. Box 9213. The Zimbabwe Independent - March 26, 2021. Currency Name Currency Code Currency Quotation Cash Buying Rate Middle Rate Cash Selling Rate ; UNITED STATES DOLLAR The ‘Old Mutual Implied Rate’ is a comparison between the Old Mutual share price on the London stock exchange / the Johannesburg stock exchange and the Zimbabwe stock exchange. Exchange Rates in Zimbabwe, Interbank Rates Zimbabwe, RTGS to USD | Zim Dollar ZWD to USD | Zimbabwe Currency, Currency Converter | ZimBollar Index Of the banks checked, CABS had the highest interbank rate buying the US dollar at RTGS$9 per US dollar, followed by NMB at RTGS$8,93 while FBC was buying at RTGS$8,56. The black market rate fell to 42 to 1 immediately after Ncube’s announcement while the Old Mutual Implied Rate dropped to 61 to 1. Below, you'll find Zimbabwean Dollar rates and a currency converter. By. We are a team that is passionate about following the parallel market within Zimbabwe. Fax +263 (292) - 274039 Bulawayo Regional Office 93 Leopold Takawira Avenue Bulawayo. This website uses cookies. ... Exchange Rates An archive of our daily Foreign Exchange Rates for major international currencies for your reference. Open Download. © 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital. Here are the foreign currency exchange rates for the US$, ZW$ and Rand on the interbank and black market… Interbank rate. Dar es Salaam, Tanzania. Interbank Rates EXCHANGE RATES -22-01-2020 ... We just analyze the apparent parallel market within Zimbabwe. If you are looking for official rates please contact your local bank in conjunction with the Reserve Bank of Zimbabwe. Choose your country or region. After the use of foreign currency was outlawed and the black market rate was at RTGS$13.5:USD$1 ,while the interbank rate was at RTGS$ 6.3:USD$1. The so-called ‘Old Mutual Implied Rate’ (OMIR) is one of the few gauges of the Zimbabwe exchange rate and is a comparison of the price of shares of Old Mutual in London and Harare. Zimbabwe. Today 14-04-21 interbank rate from RBZ is US$1 to RTGS$ Welcome to Techzim Answers, You can ask questions and receive answers from the Zimbabwean internet community. Zimbabwean Dancers Progress In Virtual Dance Reality Show. We DO NOT encourage black market activities in any way whatsoever. This additional factor sees the rate converging and settling in the neighbourhood of 7,9. OMIR 0.00USD / ZWL$ 115USD / ZWL$ 84.48 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 115USD / ZWL$ 84.40 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 115USD / ZWL$ 84.12 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 115USD / ZWL$ 83.98 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 113USD / ZWL$ 83.88 (interbank)USD / BOND. This unit is located at 7th floor Pearl House, 61 Samora Machel Avenue Harare. 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