Daily Exchange Rates Rates
| 2018-08-02 | ||||
| CURRENCY | INDICES | BID | ASK | AVERAGE |
| ZAR | 13.3458 | 13.3564 | 13.3511 | |
| GBP | 1.3097 | 1.3101 | 1.3099 | |
| JPY | 111.98 | 111.99 | 111.985 | |
| ZMW/ZMK | 9.9301 | 9.969 | 9.94955 | |
| BWP | 0.0977 | 0.098 | 0.09785 | |
| CHF | 0.9932 | 0.9935 | 0.99335 | |
| MWK | 713.44 | 728.44 | ||
How do banks determine exchange rates?
We determine foreign exchange rates using a variety of factors including market conditions, exchange rates charged by other financial institutions, our desired rate of return, market risk, credit risk and other market, economic and business factors. Foreign exchange rates are constantly changing.
What is the current system of exchange rates?
Current international exchange rates are determined by a managed floating exchange rate. A managed floating exchange rate means that each currency’s value is affected by the economic actions of its government or central bank. The managed floating exchange rate hasn’t always been used.
Who has the best money exchange rate?
If you like to plan ahead and want to exchange currency in the U.S., your bank or credit union will be your best bet. They have access to the best exchange rates and usually charge fewer fees than exchange bureaus. Most big banks sell foreign currency to customers in person at a local branch
What is the exchange rate in Zimbabwe?
Additional information
| EXCHANGE RATES -10-03-2021 | ||
|---|---|---|
| CURRENCY | BID | AVG |
| GBP/ZWL$ | 114.6706 | 116.4296 |
| EUR/ZWL$ | 98.2336 | 99.7380 |
| ZWL$/ZAR | 0.1799 | 0.1828 |
What is the interbank exchange rate?
The Interbank Rate in Foreign Exchange
In this case, the interbank rate or interbank exchange rate is the current value of any currency as compared to any other currency. The rates fluctuate constantly by fractions when the market is open
In this case, the interbank rate or interbank exchange rate is the current value of any currency as compared to any other currency. The rates fluctuate constantly by fractions when the market is open
CONTACT US
Headquarters
80 Samora Machel Avenue
P. O. Box 1283
Harare
Zimbabwe
Telephone
+263 242 703 000, +263 867 700 0477
Toll Free Numbers
0800 6009 – Telone landlines only
0808 6770 – Econet lines only
E-mails
info@rbz.co.zw
Bulawayo Regional Office
93 Leopold Takawira Avenue
Bulawayo
Telephone
+263 (292) – 272141-5, 08677002046
Fax
+263 (292) – 274039
QUICK LINKS
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