Rbz daily Exchange Rates

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