US dollar/RTGS dollar official and black market rates today (17/05/19)

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A currency trader performs a transaction on the streets of Harare in this Friday, Oct. 28, 2016 photo. A single $100 trillion dollar note can fetch $5 in cash from street currency traders in this once prosperous Southern African nation where many are desperate for solid financial footing.Now out of circulation, this symbol of Zimbabwe's economic ruin is receiving a warmer embrace than a new local currency the government is introducing this week. (AP Photo/Tsvangirayi Mukwazhi)

Parallel market rates continue to be on the high side and the anticipated correction is yet to come.

Below is a compilation of the rates according to different sources.

Street Surveys

100 USD = 610.0 RTGS (510.0%)
100 USD = 460.0 Bond (360.0%)
100 ZAR = 37.00 RTGS

MarketWatch.co.zw

100 USD = 585.0 RTGS (485.0%)
100 USD = 571.0 Bond (471.0%)
100 USD = 719.0 RTGS (Old Mutual Implied Rate)

Rates.co.zw

100 USD = 610.0 RTGS (510.0%)
100 USD = 360.0 Bond (260.0%)
100 USD = 1431.0 ZAR (1331.0%)
100 Bond = 115.0 RTGS (15.0%)

Below are the official bank rates for major currencies against the RTGS$ according to the Reserve Bank of Zimbabwe (RBZ) as of yesterday. Will update article when RBZ updates with today’s figures.

EXCHANGE RATES – 16-05-2019

CURRENCY                  BID            ASK          AVG
USD/RTGS$                3.3553      3.5272      3.4413
GBP/RTGS$                4.4195      4.4206      4.4201
EUR/RTGS$                3.8572      3.8576      3.8574
RTGS$/ZAR                4.1377      4.1401      4.1389
BWP/RTGS$               0.3207      0.3231      0.3219


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