... Stanbic Bank Zimbabwe Limited: Registered Commercial Bank and a member of the Deposit Protection Scheme. Today 21-01-21 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. Tel: +255 22 232 2000 Foreign exchange at great rates with fast service. Currency Name Currency Code Currency Quotation Cash Buying Rate Middle Rate Cash Selling Rate ; UNITED STATES DOLLAR 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. This dictates a rate circa 10. Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. Bulawayo Regional Office 93 Leopold Takawira Avenue Bulawayo. Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. Treasury offers a wide range of services to Pension Funds Individuals Private Investors Unit Trust Companies Insurance and Assurance Companies Asset … 09 November 2020. This is what the Reserve Bank of Zimbabwe (RBZ) had in February predicted would happen by mid year. 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. © 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital. Enjoy the convenience of dedicated Forex counters; SWIFT Transfers. This unit is located at 7th floor Pearl House, 61 Samora Machel Avenue Harare. Here are the foreign currency exchange rates for the US$, ZW$ and Rand on the interbank and black market… Interbank rate. www.mrtaylor.me. Best source for ZWL Rates updated daily - ZimRates.com ... OMIR 0.00USD / ZWL$ 109USD / ZWL$ 82.09 (interbank)USD / BOND. 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. Treasury Division conducts money market and foreign exchange trading transactions. Corporate Banking. The IDBZ was formed on the 31st of August 2005, taking over the assets and liabilities of the former Zimbabwe Development Bank (“ZDB”). Find below the updated exchange rates … If you are looking for official rates please contact your local bank in conjunction with the Reserve Bank of Zimbabwe. NMB Bank Plc. Government last week outlawed the use of multiple currencies through new regulations that compel all forms of transactions to be done in the Zimbabwe dollar. While the Government may deny it there seems to be a thriving parallel market out there. 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… ZWL Buy Buy Cash Sell Sell Cash ; USD : 80.0312175 : 79.39580322 : 84.1353825 The following rates are the average interbank exchange rates from several commercial banks for today… 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. The system, which operates on a real time basis, links Zimbabwean banks, through their Head Offices, via a very secure network (SWIFT). Bulawayo Regional Office 93 Leopold Takawira Avenue Bulawayo. 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. Government officials announced last weekend that they’d obtained a $500 million 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. Finally note that dealing in the parallel market might be illegal and we strongly advise you do not participate. 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. These are the indicative rates on the market today. ... Stanbic Bank Zimbabwe Limited: Registered Commercial Bank and … 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$18 on the interbank market. CURRENCY BID ASK AVG. The parallel rate is 33% weaker at 7.1, according to marketwatch.co.zw, a website run by financial analysts. THE interbank market rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging foreign currency. Zimrates.com does not directly deal in the Forex market. The above official rate will last for a week after the auction. 09 November 2020. It was primarily set up as a vehicle for the promotion of economic development and growth, and improvement of the living standards of Zimbabweans through the development of infrastructure, which includes but not limited to energy, transport, 100 USD = 945.0 RTGS (845.0%) (Old Mutual Implied Rate) 100 USD = 1487 South African Rand (ZAR) 100 Bond = 149.0 RTGS. You can buy and sell all major currencies over the counter in any branch countrywide. Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, EXCHANGE RATES – 14-06-2019 A regional commercial bank operating in many African countries. Banks have commenced trading in foreign currency at a rate of 2,5 to the United States dollar following the decision by the Reserve Bank of Zimbabwe (RBZ) to float the currency on Wednesday. 2020 11 06 90KB PDF. Biden inauguration: New president sworn in amid Trump snub ... You used to argue that Interbank was a floating exchange rate … Here are the foreign currency exchange rates for the US$, ZW$ and Rand on the interbank and black market… Interbank rate USD to ZWL$: 17.7449 ZWL$ to RAND: 0.8372 Data according to the Reserve Bank of Zimbabwe Black Market rates OMIR 48.73 USD / ZWL$ zimrates.com 28.7 USD / ZWL$ zwl365.com 28 USD / ZWL$ bluemari.info 28 USD […] Zimbabwe and regional technology news and updates. This appears to be the level at which the interbank is tending. 2020 11 09 90KB PDF. 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. This additional factor sees the rate converging and settling in the neighbourhood of 7,9. 2020 11 06 90KB PDF. The grey market, on the other hand, seems to be factoring in the almost ZW$1 billion electronic balances, betting that the RBZ is not going to retire these. Best source for ZWL Rates updated daily - ZimRates.com. Please visit the RBZ website if you are looking for official rates. We document exchange rates on the various markets for research purposes only. The Zimbabwe Stock Exchange (ZSE) has resumed operations but Old Mutual shares are now not being traded on it. Exchange Rates in Zimbabwe, Interbank Rates Zimbabwe, RTGS to USD | Zim Dollar ZWD to USD | Zimbabwe Currency, Currency Converter | ZimBollar Index USD to ZWL$: 17.3531 Current Account What does ZWL mean? Treasury Division conducts money market and foreign exchange trading transactions. ZWL Buy Buy Cash Sell Sell Cash ; USD : 80.0312175 : 79.39580322 : 84.1353825 OMIR 0.00USD / ZWL$ 109USD / ZWL$ 82.09 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 108USD / ZWL$ 81.79 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 109USD / ZWL$ 81.79 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 110USD / ZWL$ 81.79 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 111USD / ZWL$ 81.79 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 111USD / ZWL$ 81.74 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 110USD / ZWL$ 81.74 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 108USD / ZWL$ 81.74 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 105USD / ZWL$ 81.74 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 105USD / ZWL$ 81.86 (interbank)USD / BOND, OMIR 0.00USD / ZWL$ 105USD / ZWL$ 81.88 (interbank)USD / BOND. Delivering a comprehensive portfolio of financial solutions to serve the needs of our corporate customers. Source:iHarare! Our aim is to document this while providing our followers with the most accurate and up to date rates daily. The new official rate is determined by an auction which is carried out once a week. We are a team that is passionate about following the parallel market within Zimbabwe. This unit is located at 7th floor Pearl House, 61 Samora Machel Avenue Harare. The rates that we display are not our own, they are an aggregation of rates we see displayed on various mediums. Please use our rates as a guild line only. USD/RTGS$ 5.1361 … However, for the first time since the currency reforms began on October 1 last year, the interbank rate, at 1:8 at some banks, was more than the parallel market exchange rates, which hovered between 1:7 and 1:7,5 for electronic transactions. An archive of our daily Foreign Exchange Rates for major international currencies for your reference. ZWL, ZWD, RTGS, Bond Notes and Interbank Rate can be used interchangeably to refer to the Zimbabwe Currency. We cannot be held accountable as a result of any of your decisions based on our rates. Box 9213. 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. A regional commercial bank operating in many African countries. This website uses cookies. The rand has also jumped to ZW$2,50 for mobile money from about 1:1 at the beginning of the year. 2020 11 09 90KB PDF. By continuing to use this website you are giving consent to cookies being used. Open Download. www.openclass.co.zw Featured Products. Rates last updated January 22, 2021, 9:11 am. Interbank Transfer System (ZETTS) ZETTS is an electronic inter-bank system which allows funds to be transferred between participant banks. 06 November 2020. Telephone +263 (292) - 272141-5, 08677002046. Fax +263 (292) - 274039 It was primarily set up as a vehicle for the promotion of economic development and growth, and improvement of the living standards of Zimbabweans through the development of … Visit our, Zim Dollar Marginally Weakens Against US$ In The Latest Forex Auction Results, FOREX AUCTION: Zim Dollar Official Rate 22 September 2020, Interbank & Black Market Rates Updated 27 Aug, Official Exchange Rate On The Rise Now At US$1: ZWL$68.8, Zimbabwe Foreign Exchange Rate For This Week, Bank & Black Market Exchange Rates Today- 15 June 2020, List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020), How To Apply For 2021 Form 1 Boarding Places On eMAP, Provisional Driving Licence Test Possible Questions & Answers pdf, Indian Bedroom Sweets & Love Portions Floods Harare, How To See Zimsec O Level November 2019 Results Online, 2020 Zimbabwe Universities Application Forms (Download Now), ‘O’ Level ZIMSEC Results Now Accessible Online, Lockdown Update:Local Businesses Put On Hold For 30days, Breaking News: Police Arrest 200 Teenagers At A Party In Westgate, How To Trade Synthetic Indices: A Comprehensive Guide For 2021, You Can Now Buy Zesa Using Foreign Currency, Zim Trending If its Trending You WIll Find It Here. 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. Enjoy one stop shop for all major currencies. 06 November 2020. Ohio Street/Ali Hassan Mwinyi Road. The IDBZ was formed on the 31st of August 2005, taking over the assets and liabilities of the former Zimbabwe Development Bank (“ZDB”). Effectively RTGS is valued at 1:1 with the USD, but this difference in share price gives us the implied countries exchange rate. Do not assume our rates are accurate as we are there as a reference point only. We DO NOT encourage black market activities in any way whatsoever. 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. P.O. Please note that we are researchers and not traders. We believe this is necessary in order for Zimbabweans to conduct business in fair manner. This is what the Reserve Bank of Zimbabwe (RBZ) had in February predicted would happen by mid year. 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. ZWL is the official ISO 4217 Currency code for the Zimbabwe Dollar. Rates & Prices Get the latest interbank rates and prices in Zimbabwe. “In arriving at the figure for a cost of living adjustment, the interbank rate must apply, benchmarked against the pre-October 2018 average US$475 salary for the lowest paid civil servant. The new official rate is determined by an auction which is carried out once a week. Find below the updated exchange rates for both […] The above official rate … Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe, EXCHANGE RATES – 27-05-2019 CURRENCY BID ASK AVG USD/RTGS$ 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. An archive of our daily Foreign Exchange Rates for major international currencies for your reference. Fax +263 (292) - 274039 Dar es Salaam, Tanzania. 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 Newsday Zimbabwe Everyday News . Below are the Zimbabwe official interbank foreign currency market rates given by Reserve Bank of Zimbabwe(RBZ) EXCHANGE RATES – 31-05-2019. Rates & Prices Get the latest interbank rates and prices in Zimbabwe. News. 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