ZIMBABWE
MarketWatch
Last updated November 18, 2019, 11:40 am
| OMIR | 26.6 |
| USD / ZWL$ zimrates.com | 22.2 |
| USD / ZWL$ zwl365.com | 21.8 |
| USD / ZWL$ bluemari.info | 21.5 |
| USD / ZWL$ rbz.co.zw | 15.97 |
| USD / BOND zimrates.com | 15.9 |
Is it a new currency or new notes? What does this mean?
The recently announced Monetary Policy Committee held its inaugural meeting yesterday and its chair (who happens to be the RBZ Governor) announced, post the meeting
Fuel procurement now via interbank rate
Government has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs), which will result
November 15, 2019
November 14, 2019
November 13, 2019
November 13, 2019
About Us
We are a team of independent analysts whose primary focus is research into the Zimbabwean parallel markets as well as the stock market. We strive to bring you the most accurate rates in the market and our independence means we have no bias on these rates. You need to make your business decisions and we strive to be your best source of information.
Disclaimer
As Market Watch we do not deal in the parallel market nor do we quote on behalf of any other person or company. We are not traders and cannot be accountable for any decisions you make around our data. We are researchers only so please do not assume our information is accurate. Our information comes from various sources including social media as well as market informants on the street. For official USD and RTGS rates please consult your banking partner or the Reserve bank of Zimbabwe. Please note it is illegal to deal on the parallel market and we strongly advise against it. Our platform documents the rumoured parallel market that is mentioned on social media and various other sources.
The Lingo
OMIR
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.
RTGS
Real-time gross settlement systems (RTGS) is a funds transfer system where money transfer takes place from one bank to another on a “real time” basis and “gross” basis. Settlement in the “real time” means that the transaction happens almost immediately.