At the close of business yesterday the interbank rate stood at 3.4x against black market rates of as much as 5.7x as the new system continues to fail to beat the parallel market. Today’s Interbank Exchange Rate The official (interbank) exchange rate is slowly climbing up of late, with some banks paying more than the black market for USD to RTGS transactions. CURRENCY BID ASK AVG. Newsday Zimbabwe Everyday News . Zimbabwe and regional technology news and updates. 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. Treasury offers a wide range of services to Pension Funds Individuals Private Investors Unit Trust Companies Insurance and Assurance Companies Asset … www.mrtaylor.me. Open Download. 09 November 2020. The parallel rate is 33% weaker at 7.1, according to marketwatch.co.zw, a website run by financial analysts. Interbank Transfer System (ZETTS) ZETTS is an electronic inter-bank system which allows funds to be transferred between participant banks. 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Exchange Rates in Zimbabwe, Interbank Rates Zimbabwe, RTGS to USD | Zim Dollar ZWD to USD | Zimbabwe Currency, Currency Converter | ZimBollar Index Find below the updated exchange rates … Treasury Division conducts money market and foreign exchange trading transactions. In the past few days the exchange rate volatility has seen US$1 hovering around ZW$40 for electronic transfer and ZW$25 for cash compared to US$1: ZWL$18 on the interbank market. Rates & Prices Get the latest interbank rates and prices in Zimbabwe. Please note that we are researchers and not traders. We believe this is necessary in order for Zimbabweans to conduct business in fair manner. THE interbank market rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging foreign currency. The new official rate is determined by an auction which is carried out once a week. USD/RTGS$ 5.1361 … Fax +263 (292) - 274039 Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, EXCHANGE RATES – 27-05-2019 CURRENCY BID ASK AVG USD/RTGS$ 4.8280 5.0751 4.9516 GBP/RTGS$ 6.3087 6.3092 6.3090 EUR/RTGS$ 5.5496 5.5511 5.5504 RTGS$/ZAR 2.9079 2.9105 2.9092 BWP/RTGS$ 0.4575 0.4609 0.4592. It was primarily set up as a vehicle for the promotion of economic development and growth, and improvement of the living standards of Zimbabweans through the development of … 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. 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. Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. The above official rate … Featured Products. ZWL Buy Buy Cash Sell Sell Cash ; USD : 80.0312175 : 79.39580322 : 84.1353825 Government officials announced last weekend that they’d obtained a $500 million Zimbabwe Black Market Exchange Rates: USD to ZWL$ zimrates 18 USD to ZWL$ zwl365m 17.80 USD to ZWL$ bluemari 17 USD to BOND: zimrates 11.70 Interbank Rates: USD to ZWL$: 15.2611 ZWL$ to RAND: 0.991… An archive of our daily Foreign Exchange Rates for major international currencies for your reference. Telephone +263 (292) - 272141-5, 08677002046. This dictates a rate circa 10. You can buy and sell all major currencies over the counter in any branch countrywide. 09 November 2020. The system, which operates on a real time basis, links Zimbabwean banks, through their Head Offices, via a very secure network (SWIFT). Below are the Zimbabwe official interbank foreign currency market rates given by Reserve Bank of Zimbabwe(RBZ) EXCHANGE RATES – 31-05-2019. While the Government may deny it there seems to be a thriving parallel market out there. If you are looking for official rates please contact your local bank in conjunction with the Reserve Bank of Zimbabwe. Please visit the RBZ website if you are looking for official rates. 06 November 2020. ZWL Buy Buy Cash Sell Sell Cash ; USD : 80.0312175 : 79.39580322 : 84.1353825 www.openclass.co.zw The new official rate is determined by an auction which is carried out once a week. Finally note that dealing in the parallel market might be illegal and we strongly advise you do not participate. “In arriving at the figure for a cost of living adjustment, the interbank rate must apply, benchmarked against the pre-October 2018 average US$475 salary for the lowest paid civil servant. Currency Name Currency Code Currency Quotation Cash Buying Rate Middle Rate Cash Selling Rate ; UNITED STATES DOLLAR NMB Bank Plc. Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, EXCHANGE RATES – 14-06-2019 Source:iHarare! The Zimbabwe Stock Exchange (ZSE) has resumed operations but Old Mutual shares are now not being traded on it. Best source for ZWL Rates updated daily - ZimRates.com ... OMIR 0.00USD / ZWL$ 109USD / ZWL$ 82.09 (interbank)USD / BOND. The rand has also jumped to ZW$2,50 for mobile money from about 1:1 at the beginning of the year. Rates last updated January 22, 2021, 9:11 am. By continuing to use this website you are giving consent to cookies being used. Delivering a comprehensive portfolio of financial solutions to serve the needs of our corporate customers. Corporate Banking. P.O. Telephone +263 (292) - 272141-5, 08677002046. ZWL is the official ISO 4217 Currency code for the Zimbabwe Dollar. 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