Black Market Rates Fall, Indicative Rates For 18 October
Yesterday we reported that the rate between the Zimbabwean dollar and the USD had risen beyond the $2 030 ZWL: $100 USD. This has been the trend throughout this week but this morning the Zimbabwean dollar made some very modest gains.
Currently, most black market traders are offering anything between $1 930-$1 980 for small amounts-usually means amounts below $1 000. The big dealers are paying around $2 000 ZWL for $100USD for big amounts.
| DESCRIPTION | CODE | RATE |
|---|---|---|
| US DOLLARS : REAL TIME GROSS SETTLEMENT (ALTERNATIVE) | USD : RTGS (A) | 20.00 |
| British Pound: RTGS | GBP : RTGS (A) | 22.60 |
| British Pound: USD | GBP : USD | 1.19 |
| USD: Bond | USD : BOND (A) | 13.00 |
| Bond: RTGS | BOND : RTGS (A) | 1.54 |
| USD: Rand | USD : ZAR | 14.66 |
| OMIR | OMIR : RTGS | 24.66 |
| Interbank Rate | USD : RTGS (O) | 15.37 |
Source: Bluemari
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