Interbank Exchange Rates

  • Markets

    Zimbabwe dollar loses value in second successive week

    ZW$ traded at ZWL$81.81 against US$1Allotments to industry reached a new high of US$32.9 millionThe local currency was on a two months run of successive gains until last weekTHE Zimbabwe dollar marginally lost value to the United States dollar in Tuesday’s weekly forex trading, marking a second successive week shedding value after two months of sustained gains. The local currency…

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  • Business Briefs

    RBZ working hard to maintain exchange rate stability

    Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he is doing everything in his power to maintain a four-month stretch of exchange rate stability achieved since the introduction of the foreign currency auction system in June. The auction system kicked off after a defenceless local unit depreciated at a frightening scale against major currencies following its introduction in 2019.…

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  • Markets

    Zimbabwe dollar slightly loses value against US$

    The Zimbabwe dollar continues to maintain stability after today’s public auction, albeit shedding a bit of value against the greenback. According to data released at the conclusion of the trading on Tuesday by the Reserve Bank of Zimbabwe (RBZ), the official rate this week stands at $81.3499. This is a very slight drop from $81.3458 last week. . The central…

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