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Official & Black Market Exchange Rates – 23 May 2019…Black Market Pulls Up, Diverges From Interbank Rate

The parallel market rate continues on an upward trend and is moving away from the interbank rate which has also gone up.  The black market rates are now offering well above a 600 percent premium (1:7).

Below are the black market rates iHarare has aggregated from a number of sources.

Zimbollar.co.zwMarketWatch.co.zwRates.co.zwAVERAGE
100 USD720 RTGS$720 RTGS$690 RTGS$710.00
100 USD550 Bond694 Bond640 RTGS$628.00
100 Bond130 RTGS$120 RTGS$115 RTGS$121.67
100 USD1437 ZAR1437 ZAR1438 ZAR1437.33
Last Updated May 22, 2019May 22, 2019, 09:02May 21, 2019, 20:38

Below are the official interbank foreign currency market rates from the Reserve Bank of Zimbabwe,

EXCHANGE RATES – 23-05-2019               
CURRENCYBIDASKAVG
USD/RTGS$4.56134.81664.6890
GBP/RTGS$5.92545.92735.9264
EUR/RTGS$5.22635.22865.2275
RTGS$/ZAR3.06673.07313.0699
BWP/RTGS$0.43320.43650.4349
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