Update on US dollar/RTGS dollar official and black market rates (23/05/19)

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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 aggregated from a number of sources.
Currency        Zimbollar.co.zw     MarketWatch.co.zw     Rates.co.zw        AVERAGE
100 USD        720 RTGS$            720 RTGS$                 690 RTGS$         710.00
100 USD        550 Bond               694 Bond                   640 RTGS$         628.00
100 Bond       130 RTGS$            120 RTGS$                 115 RTGS$         121.67
100 USD        1437 ZAR              1437 ZAR                    1438 ZAR           1437.33

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

EXCHANGE RATES – 23-05-2019
CURRENCY                    BID                          ASK                            AVG
USD/RTGS$                  4.5613                    4.8166                       4.6890
GBP/RTGS$                  5.9254                    5.9273                       5.9264
EUR/RTGS$                  5.2263                    5.2286                       5.2275
RTGS$/ZAR                  3.0667                    3.0731                       3.0699
BWP/RTGS$                  0.4332                   0.4365                       0.4349


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